Jakarta, CNBC Indonesia – Index The Jakarta Composite Index (JCI) closed in the red zone in early September 2021 trading, where the national benchmark stock exchange index closed down 0.97% to a level of 6,090.93 at the close of trading on Wednesday (1/9/2021).
JCI opened slightly higher in early trading today. However, after a few minutes, the JCI immediately turned lower and until the closing of today’s trading the JCI was unable to bounce back into the green zone.
Trade data noted that today’s transaction value fell slightly to Rp 12 trillion. It was observed that foreign investors were again doing net buying (net buy) of IDR 181 billion in the regular market. A total of 204 stocks rose, 296 stocks weakened and 147 others were stagnant.
Foreigners are again hunting for at least two of the largest market capitalization banking stocks (big cap) above Rp 100 trillion, namely shares of PT Bank Central Asia Tbk (BBCA) and shares of PT Bank Mandiri Tbk (BMRI).
Apart from hunting down two bank stocks big cap, foreigners are also back hunting stocks e-commerce PT Bukalapak.com Tbk (BUKA), fashion retail shares PT Matahari Department Store Tbk (LPPF), pharmaceutical shares PT Kalbe Farma Tbk (KLBF), and MNC Group media shares PT MNC Vision Network Tbk (IPTV).
The following stocks are being hunted by foreign investors today.
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On the other hand, foreigners were also recorded to have released several shares, of which two were shares of the Astra Group, namely PT Astra International Tbk (ASII) shares and PT United Tractors Tbk (UNTR) shares.
In addition, foreigners also sold shares in telecommunications tower PT Sarana Menara Nusantara Tbk (TOWR), shares in petrochemical energy PT Barito Pacific Tbk (BRPT), shares in paper maker PT Indah Kiat Pulp and Paper Tbk (INKP), and shares in MNC Media Group PT MNC. Studio International Tbk (MSIN).
The shares released by foreign investors today are:
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Domestically, August’s manufacturing activity data has been released today. IHS Markit reports manufacturing activity data depicted in the Indonesian Purchasing Manager’s Index (PMI) for the period August 2021 at the level of 43.7, up from 40.1 in the previous month.
Indonesia’s manufacturing PMI is starting to improve, but the increase has not been able to bring it into the expansion zone.
The PMI uses the number 50 as the limit. If it is still below 50, then the business world is still in contraction mode.
“The Covid-19 disruption continued to the Indonesian economy and weighed on the manufacturing sector for the second month in a row. However, with the second wave of Covid-19 already past its peak, the decline in production and demand is slowly easing,” said IHS Markit in a written statement.
Meanwhile, the Central Statistics Agency (BPS) announced data on Indonesia’s inflation rate for the August 2021 period today. The result is not far from market expectations, where the inflation rate still tends to slow down.
On Wednesday (1/9/2021), BPS Deputy for Distribution Statistics and Services, Setianto reported August 2021 inflation of 0.03%, compared to the previous month (month-to-month/mtm). This makes annual inflation (year-on-year/yoy) to 1.59%.
Collected market consensus CNBC Indonesia estimates inflation of 0.03% in August 2021 compared to the previous month. Meanwhile, compared to August 2020, inflation was 1.59%.
CNBC INDONESIA RESEARCH TEAM
(chd / chd)
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