Jakarta, CNBC Indonesia – The Composite Stock Price Index (IHSG) finally managed to close green on last Thursday’s trading (8/10/20), up 0.70% at the level of 5039.14 or staying at a psychological level that was previously difficult to penetrate.
BEI trade data notes that the index index rate that enters the green zone occurs amid demonstrations and strikes by workers in the last 3 days, from Tuesday to Thursday, to reject the enactment of the Omnibus Law on Copyright (Ciptaker).
The demonstration, which later became chaotic, took place when the masses advanced around Harmoni, Central Jakarta, close to the State Palace. This mass action was met with tear gas shots to disperse the masses. There was even a burning in public facilities.
This demonstration was against the passing of the Ciptaker Law which was considered to have severely cut off workers’ rights.
IDX data also noted that at the close of yesterday’s trade, foreign investors only came out of Rp. 61 billion, from usually always above Rp. 300 billion a day.
However, in the last 5 accumulative trading days, foreigners were recorded net sell reached IDR 1.09 trillion in the regular market and year to date or the current year net sell of IDR 61 trillion.
On the other hand, in yesterday’s trading there were at least 10 stocks with the highest gain or entry into the top gainers. Property stocks are also in the top 10 because they are triggered by the sentiment of allowing foreign nationals to own apartments in the country, mandated by the Omnibus Law.
10 Saham Top Gainers October 8
1. PT Yeloo Integra Datanet Tbk (YELO)
Saham epartner of 4G modem service provider for travelers, Passpod, this is rising to become top gainers number 1 with a gain of 18% a day, at the level of IDR 59 / share. The transaction value reached IDR 8.9 billion with a trading volume of 143 million shares.
2. PT Kresna Graha Investama Tbk (KREN)
The shares of the holding company for the financial services business of Michael Steven’s Kresna Group rose 14.29 percent to Rp 112 / share. The transaction value was IDR 20.7 billion with a trading volume of 190.1 million shares.
3. PT Jasnita Telekomindo Tbk (JAST)
The telecommunication service issuer’s shares rose 14.16% at the level of Rp 129 / share and continued to strengthen in the last 2 days. Even in the last 5 trading days this stock rose 28%. Yesterday’s transaction value reached Rp 42.5 billion and trading volume was 335.3 million shares.
4. PT Dewata Freightinternational Tbk (DEAL)
The logistic service issuer’s shares rose 7.03% to Rp 198 / share with a transaction value of Rp 42.6 billion and a trading volume of 223.9 million shares.
5. PT Panin Financial Tbk PNLF)
The investment service issuer’s shares, formerly known as Panin Life, rose 5.46% at the level of Rp 193 / share. The transaction value was IDR 15.8 billion and the trading volume was 83.1 million shares.
6. PT. Sido Muncul Tbk Herbal Medicine and Pharmacy Industry (SIDO)
The stock of the listed herbal medicine producer Tolak Angin increased by 5.37% to Rp 785 / share. The transaction value reached Rp 26.1 billion and the trading volume was 33.7 million shares.
7. PT Agung Podomoro Land Tbk (APLN)
The shares of the property issuer who manages Senayan City rose 5.21% to Rp 101 / share. The transaction value reached IDR 13.2 billion with a trading volume of 131.6 million shares.
8. PT Pakuwon Jati Tbk (PWON)
The shares of the property issuer, owner of Gandaria City and Kota Kasablanka, rose 4.52 percent to Rp 370 / share. The transaction value was IDR 60.4 billion and the trading volume was 165.1 million shares.
9. PT Intiland Development Tbk (DILD)
The property company shares also rose 3.33% at the level of Rp 155 / share. The transaction value was IDR 6.8 billion and the trading volume was 44.5 million shares.
10. PT HM Sampoerna Tbk (HMSP)
The cigarette issuer’s shares rose 2.98% to the level of Rp 1,555 / share, with a transaction value of Rp 45.9 billion and a trading volume of 29.8 million shares.
Capital market observer Rovandi said yesterday’s chaotic demonstration sentiment would bring the index inside downtrend although it is considered not to be too deep.
“I think IHSG for tomorrow [hari ini] still moving in a thin range with support-resistance [batas bawah dan batas tahanan atas] 4,990-5,087 levels with a correction or downtrend tendency. So yes, the demonstration is enough to put pressure on the JCI tomorrow, “said the former Trimegah Sekuritas analyst, quoted this Friday (9/10/2020).
However, Head of Research at MNC Sekuritas Edwin Sebayang said that the positive effect brought by the Ciptaker Law was greater. In fact, the effect of this demonstration will be dampened by positive sentiment for the presence of the Act.
“The market is looking more at the positive impact of the enactment of the Omnibus Law because it has the potential to attract many foreign investors [investasi langsung asing/FDI] and make Indonesia more competitive to compete with other Asean neighbors, “he explained.
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