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Unstoppable Foreign Funds, BBCA and BBRI Are Still Favorites

Jakarta, CNBC Indonesia The Composite Stock Price Index (JCI) managed to close higher on Thursday (13/1/2022), after trading in the first session of trading in the red zone. Concerns about the impact of soaring inflation in the United States (US) will not put too much pressure on the JCI.

Homeland reference stock exchange index it closed up 0.17% ke level 6.658,356. At the beginning of today’s first trading session, the JCI opened higher. However, after a few minutes, the JCI immediately moved into the red zone until the second trading session at around 14:00 WIB.

Trade data noted that the JCI transaction value today tends to decline to Rp 10.4 trillion. A total of 243 stocks up, 272 stocks down, and 168 stocks flat. Foreign investors returned to net buying (net buy) of IDR 572 billion in the regular market.

Foreigners are recorded to have collected four stocks with large market capitalizations (big cap) above Rp 100 trillion, namely shares of PT Bank Central Asia Tbk (BBCA), shares of PT Bank Rakyat Indonesia Tbk (BBRI), shares of PT Telkom Indonesia Tbk (TLKM), and shares of PT Astra International Tbk (ASII).

In addition, foreigners are also hunting for shares of listed coal companies, namely PT Adaro Energy Tbk (ADRO) and shares of listed companies producing construction machinery and heavy mining equipment, namely PT United Tractors Tbk (UNTR).

The following are stocks collected by foreign investors today.


Meanwhile, from net sales, foreigners are recorded to have released two shares big cap today, namely the shares of PT Bank Jago Tbk (ARTO) and shares of PT Bank Mandiri Tbk (BMRI).

In addition, foreigners also sold shares of telecommunication tower issuer PT Tower Bersama Infrastructure Tbk (TBIG), fashion retailer PT Matahari Department Store Tbk (LPPF), pharmaceutical issuer PT Kalbe Farma Tbk (KLBF), and media issuer owner. SCTV and Indosiar TV stations, namely PT Surya Citra Media Tbk (SCMA).

The shares released by foreign investors today are:

Net Sell Asing

Even though they were nervous for a while, in the end, domestic market players are now a little more relieved to face today’s market sentiment.

Indeed, the sentiment for today is quite positive, where early this morning Indonesia time, the three benchmark stock indexes of the United States (US) stock exchange, Wall Street closed again in the green zone, although their gains tended to be trimmed.

The Dow Jones Industrial Index closed up 0.11% while the S&P 500 and Nasdaq Composite advanced 0.28% and 0.23%, respectively.

Reversal (rebound) stock prices in the US stock exchange occurred after the three indexes continued to correct last week in line with rising yields (yield) US government bonds (Treasury) with a tenor of 10 years which is close to 1.8%.

The release of US Consumer Price Index (CPI) data which reflects the inflation rate in December 2021 recorded an annual growth of 7% (year-on-year/YoY) and is the highest level since 1982.

Although inflation is at its highest level in the last 4 decades, market participants have anticipated this increase.

Economists surveyed by Dow Jones had predicted that the US CPI in December 2021 would rise 7% according to the current actual figure.

But unfortunately, several Asian stock markets moved in the red zone until the close of trading today, where China’s Shanghai Composite Index led the weakening of Asian markets today, which fell 1.17%.

CNBC INDONESIA RESEARCH TEAM

[Gambas:Video CNBC]

(chd)



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