Jakarta, CNBC Indonesia – Composite Stock Price Index (IHSG) closed in the green zone or rose 0.62% at the level of 5,144.04 in early trading last Monday (26/10/20). Foreign investors entered the Indonesian stock market with a net purchase of IDR 175 billion on the regular market.
Trade data noted, although there was an extension of the PSBB (Large-Scale Social Restriction) Transition by the Governor of DKI Jakarta, Anies Baswedan, the Indonesian stock market reference index continued to advance until it closed in the green zone.
The value of trade transactions reached Rp. 7.1 trillion. Thus, JCI has risen 4.84% in the past month, with a note net sell (net sales) in this period reached Rp 428.83 billion in the regular market.
On Monday’s trade, the shares that were mostly sold by foreigners were PT Bank Negara Indonesia Tbk (BBNI) with net sales of Rp 80 billion and PT Telekomunikasi Indonesia Tbk (TLKM) which recorded a net sell of Rp 53 billion.
Meanwhile, the stocks most collected by foreigners were PT Astra International Tbk (ASII) with a net purchase of Rp. 67 billion and PT Bank Mandiri Tbk (BMRI) with net buy amounting to Rp 240 billion.
10 Top Foreign Buy 26 October 2020
1. PT Bank Mandiri Tbk (BMRI) Rp 239.2 billion, shares increased by 4.05% Rp 5,775
2. PT Astra International Tbk (ASII) Rp. 67.4 billion, Rp. 5,400 stagnant shares
3. PT Bank Rakyat Indonesia Tbk (BBRI) Rp 64.3 billion, shares increased by 1.52% Rp 3,340
4. PT Bank Central Asia Tbk (BBCA) IDR 56.1 billion, shares up 0.78% IDR 29,075
5. PT Semen Indonesia Tbk (SMGR) Rp 22.4 billion, shares increased by 1.86% Rp 9,600
6. PT Ace Hardware Indonesia Tbk (ACES) Rp 1.3 billion, minus 0.63% shares Rp 1,575
7. PT Matahari Department Store Tbk (LPPF) Rp. 767.4 million, shares increased by 2.54% Rp. 1,010
8. PT Mega Manunggal Property Tbk (MMLP) Rp. 370.7 million, stagnant shares of Rp. 270
9. PT MNC Vision Networks Tbk (IPTV) Rp 304 million, shares decreased 0.69% Rp 288
10. PT Bank BTPN Syariah Tbk (BTPS) IDR 254 million, shares down 2.05% IDR 3,830
Trading this week will be brief because there will be a long holiday in the context of collective leave. The government has designated 28 October (Wednesday) and 30 October (Friday) as holidays for collective leave.
October 29 which falls on Tuesday is a national holiday commemorating the birthday of the Prophet Muhammad SAW.
Coinciding with the long holiday, the Governor of DKI Jakarta Anies Baswedan also stipulated the extension of the PSBB in the capital for the next two weeks from 26 October to 8 November 2020. This is in accordance with the Decree of the Governor of DKI Jakarta Number 1020 of 2020.
During the extension of the Transitional PSBB for this period, the DKI Jakarta regional government will continue to monitor the development of Covid-19 infection cases in the capital.
If there is no significant increase in cases, the PSBB will be extended for another 14 days. However, if a spike in cases occurs, Governor Anies will not hesitate to issue an emergency brake policy.
Positive sentiment for banking stocks, especially PT Bank Central Asia Tbk (BBCA), is the relatively low decline in net profit.
BCA reported that the profit in the third quarter of 2020 or 9 months of this year fell 4.2% to Rp 20.04 trillion. In the same period last year, BCA posted a net profit of Rp. 20.9 trillion.
With total third party funds (DPK) increasing by 14.3% YoY (year on yera) to IDR 780.7 trillion, it was able to support the growth of BCA’s total assets to penetrate the level of one thousand trillion or to be precise IDR 1003.6 trillion, up 12.3% YoY .
Meanwhile, another top bank, PT Bank Mandiri (Persero) Tbk (BMRI), also recorded a decline in profit, although the correction was greater.
In 9 months this year or per quarter III-2020, Bank Mandiri recorded a net profit of IDR 14.03 trillion, or a decrease of 30.7% compared to the same period last year of IDR 20.25 trillion amid the Covid-19 pandemic.
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