PSBB Total Will Be Revised, Investors Start to Stake Cheap Shares

Jakarta, CNBC Indonesia – Composite Stock Price Index (IHSG) in the first session perdagangan Friday weekend (10/9/20) managed to rise after the news circulating among market players that the PSBB Total would be revised.

After this morning the JCI had dropped badly by 2.80%, the Motherland’s pride market ended the first session with an increase of 1.29% at 4,954.42.

Trade data noted that foreign investors made net selling of Rp 1.7 trillion in the regular market with a transaction value of Rp 8.6 trillion.

The stock that has been sold the most by foreigners today is PT Bank Central Asia Tbk (BBCA) with a net sale of Rp. 966 milesand and PT Bank Rakyat Indonesia Tbk (BBRI) who recorded net sell amounting to Rp 447 billion.

Meanwhile saham the most dikoleksi foreigners today are PT Sarana Menara Nusantara Tbk (TOWR) with a net purchase of Rp. 6 milesand dan PT United Tractors Tbk (UNTR) with net buy amounting to Rp. 7 billion.

Last night (9/9/20), DKI Jakarta Governor Anies Rasyid Baswedan announced that the ’emergency brake’ was pulled back. Large-Scale Social Restrictions (PSBB) in the capital have been tightened again, there is no longer a Transitional PSBB. Starting September 14, Jakartans are again advised to #dirumahaja.

“We will draw the ’emergency brake’, which means we are forced to re-apply the PSBB as it was in the early days of the pandemic. It is no longer a Transitional PSBB, but we must carry out the PSBB as it was in the early days,” said Anies.

This effort had to be taken considering the corona case in Jakarta was arguably very worrying. As of August 8, the number of corona positive patients reached 48,393 people. Increased 1,014 people (2.14%) compared to the previous day.

In the last 14 days (26 August-8 September), the average number of new patients increased by 975.21 people per day. It jumped from the previous 14 days, namely 579.71 people.

Furthermore, bourses in the Asian region are monitored green, the Nikkei in Japan is terapresses 0.46%, the Hang Seng Index in Hong Kong is up 0.42%, sedangkan Index STI in Singapore it fell 0.60%.

Turning to Wall Street, the three main indexes on the New York stock exchange fell quite deeply. The Dow Jones Industrial Average (DJIA) fell 1.45%, the S&P 500 lost 1.76%, and the Nasdaq Composite shed 1.99%.

RESEARCH TEAM CNBC INDONESIA

[Gambas:Video CNBC]

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