Jakarta, CNBC Indonesia – Index The Jakarta Composite Index (JCI) closed again in the red zone on Monday (12/20/2021) trading earlier this week, as investors were again worried about the potential for social restrictions to be re-imposed.lockdown) in several developed countries to deal with the impact of the pandemic.
The national benchmark stock exchange index closed down 0.83% to 6,547.11. At the beginning of today’s first trading session, the JCI opened down 0.46% to 6,571.345 and throughout today’s trading the index was unable to strengthen to the green zone. JCI also touched its psychological level at 6,500 today.
Trade data noted that today’s index transaction value fell again to Rp 11.6 trillion. A total of 167 stocks rose, 390 stocks weakened and 120 others were stagnant.
Foreign investors recorded another net sell (net sell) of IDR 387 billion in the regular market. But in the cash market and negotiations, foreigners are recorded to have made net buying (net buy) of Rp 930 billion.
Foreigners are listed to have released at least four large market cap stocks (big cap) above Rp 100 trillion, namely shares of PT Bank Mandiri Tbk (BMRI), shares of PT Astra International Tbk (ASII), shares of PT Bank Rakyat Indonesia Tbk (BBRI), and shares of PT Unilever Indonesia Tbk (UNVR).
In addition to releasing four shares big cap above Rp 100 trillion, foreigners also released two coal issuers, namely PT Bukit Asam Tbk (PTBA) and PT Indo Tambangraya Megah Tbk (ITMG).
The following shares were released by foreign investors today.
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Meanwhile, from net purchases, foreigners recorded collecting three shares big cap above Rp 100 trillion today, namely shares of PT Telkom Indonesia Tbk (TLKM), shares of PT Bank Central Asia Tbk (BBCA) and shares of PT Elang Mahkota Teknologi Tbk (EMTK).
Apart from that, foreigners also collect shares of the basic industrial listed companies producing Tiga Roda cement, namely PT Indocement Tunggal Prakasa Tbk (INTP), shares of telecommunication issuer PT Indosat Tbk (ISAT), and shares of media issuer PT Media Nusantara Citra Tbk (MNCN).
The stocks collected by foreign investors today are:
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Not only the JCI, Asia’s main stock markets were also heavily corrected today, with Japan’s Nikkei index being the worst correction today, reaching more than 2%.
Volatility occurs due to the non-uniformity of narrative directions regarding economic and business prospects. On the one hand, market participants have found that Omicron has proven not to trigger severe symptoms, on the other hand, developed country governments are reactive by doing lockdown.
Most recently, London Mayor Sadiq Khan announced the status of a “major incident” on Sunday, following a spike in Covid-19 infections due to the Omicron variant. He is considering re-enacting lockdown.
“If you don’t enforce the new restrictions sooner and delay, you will see more positive cases and potentially make public services like the NHS worse. [National Health Service] on the brink of collapse, if not collapse right then and there,” he told the BBC on Sunday (12/19/2021).
Omicron is the most contagious variant of the corona virus compared to other variants even though it only causes mild symptoms. In Indonesia, this variant was confirmed last week, and sparked concerns about the imposition of Community Activity Restrictions (PPKM).
In addition to Omicron, volatility in the financial market was also triggered by sentiment from monetary tightening policies that several central banks, such as the British central bank (Bank of England/BoE) had begun, and the United States (US) central bank, the Federal Reserve, were most highlighted. (The Fed).
Although December is synonymous with a rally phenomenon called the Santa Claus rally, it generally occurs in the last week of December and the first week of January. For this year, the thin volume is a risk to the direction of Wall Street at the end of the year.
According to the Stock Trader’s Almanac, historically the rally occurred in the last 5 trading days in December and the first two days of January. If this does not happen, then the stock market usually enters a period bearish, depressed at least 10% of the highest rally ever achieved.
“Going into the last two weeks of the year, we see that trading volume is thinning and volatility is also increasing,” said Jeff Kleintop, Charles Schwab’s chief global investment planner. CNBC International.
CNBC INDONESIA RESEARCH TEAM
(chd / chd)
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