Jakarta, CNBC Indonesia – The performance of the Composite Stock Price Index (JCI) fell more than 1%, this made dozens of stocks sold by investors, causing their prices to sink and touch the lower auto rejection limit (ARB) of 7% at the close of today, Monday (14/2/2022).
According to data from the Indonesia Stock Exchange (IDX), the JCI closed down 1.19% to 6,734.49, continuing its decline since last Thursday (10/2).
The following is a list of stocks that were hit by the ARB limit today (14/2).
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Neo Commerce Bank (BBYB), -6.99%, to Rp 2,130/unit
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Fortune Indonesia (FORU), -6.99%, to Rp 346/unit
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Primarindo Asia Infrastructure (BIMA), -6.99%, to Rp 266/unit
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Bank IBK Indonesia (AGRS), -6.98%, to Rp 160/unit
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Mahaka Radio Integra (MARI), -6.97%, to Rp 374/unit
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Bali Bintang Sejahtera (BOLA), -6.92%, to Rp 484/unit
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Trimuda Nuansa Citra (TNCA), -6.91%, to Rp 1,415/unit
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Bank BTPN Syariah (BTPS), -6.88%, to Rp 3,520/unit
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Temas (TMAS), -6.85%, to Rp 2,310/unit
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Indonesia Transport & Infrastructure (IATA), -6.83%, to Rp 150/unit
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Indonesian Commercial Kioson (KIOS), -6.80%, to Rp 480/unit
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Nusatama Berkah (NTBK), -6.78%, to Rp 110/unit
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Synergy Inti Plastindo (ESIP), -6.67%, to Rp 168/unit
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Multi Prima Sejahtera (LPIN), -6.67%, to Rp 490/unit
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Agro Yasa Lestari (AYLS), -6.54%, to Rp 286/unit
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MNC Kapital Indonesia (BCAP), -6.54%, to Rp 200/unit
Shares of issuer bank BBYB and issuer of marketing communication services FORU experienced the biggest declines, both minus 6.99%.
Investors began to take profit (profit taking) in BBYB shares, after the stock posted a 4-day rally of gains in a row. In a week, BBYB shares are still up 1.43%.
Similar to BBYB shares, investors also realized ‘cash’ after FORU shares posted an upward rally for 6 consecutive days.
Within a week, FORU’s shares rose 18.49%.
Thanks to the significant price drop, in the first trading session of last Friday (11/2), the IDX included FORU shares in the category of stocks with unusual market activity (UMA).
On Friday afternoon, in response to the volatility of the company’s stock transactions, FORU’s management said the company was not aware of any material information or facts that could affect the value of the Company’s securities or the investment decisions of investors.
In addition, FORU said that the company is not aware of the activities of certain shareholders at this time.
Regarding future plans, FORU’s management explained, according to the results of our confirmation to the major shareholders, FORU’s major shareholders said that they have plans to sell their shares to PT Energi Serving Negeri.
In detail, FORU’s controller, PT Karya Citra Prima, will transfer all 415,222,000 FORU shares to PT Energi Serving Negeri.
Shares of BIMA and AGRS also fell 6.99% and 6.98% today, in the midst of profit taking by investors.
Shares of radio & podcast issuer MARI also fell by minus 6.97%. In a week this stock slumped 10.95%.
The latest news, on Monday last week (7/2), Indonesian celebrity who is increasingly investing in the digital industry, Raffi Ahmad, announced that he has officially become an investor in audio content applications, Noice.
Noice is one of the MARI business units, which is part of the Mahaka Group created by the Minister of SOEs Erick Thohir.
Announcement of the entry of Raffi Ahmad as a new investor Noice came from a LinkedIn post by Niken Sasyama who is the company’s Chief Business Officer (CBO). Not long after, the official account Noice on Instagram also uploaded the same news.
“Starting today @rans.entertainment is official invest at @noice.id, the largest local podcast and audio platform in Indonesia,” said Raffi Ahmad in a screenshot uploaded by Niken.
The digital platform has previously had many big investors, namely venture capital (venture capital/VC) such as Alpha JWC Ventures and Go-Ventures, an investment company owned by Gojek.
CNBC INDONESIA RESEARCH TEAM
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