Friday, 14 December 2018 | 17:18 WIB

JCI Drops 1.35 Percent, Foreign Investors Sell SOEs Stocks

The Jakarta Composite Index (JCI) closed down 87.8 points.

JAKARTA, NNC - Jakarta Composite Index (JCI) closed down 87.8 points (-1.35 percent) to 6,412 at the end of trading on Tuesday (3/13/2018). Only as many as 108 stocks rose, 241 fell, and 123 others stagnated.

Today, JCI moved in negative area in the range of 6,399.4 to 6,501.1. Trading volume reached 11.8 billion shares, transaction frequency 390,879 times, and trade value around IDR8.9 trillion.

Foreign investors booked net selling of IDR702 billion in all markets. Shares of two state-owned banks were the most widely sold, namely Bank Rakyat Indonesia (IDX:BBRI) and Bank Mandiri. Other SOE stocks that contributed greatly to net sell were Telekomunikasi Indonesia (IDX:TLKM) and Perusahaan Gas Negara (IDX:PGAS).

Almost all sectoral indices slumped led by consumer sector declining 2.35 percent and followed by infrastructure sector which weakened 1.97 percent. Only trade sector grew for 0.0001 percent.

Meanwhile, Tira Austenit (IDX:TIRA) rose 34.8 percent to IDR232 per share, Sejahteraraya Anugerahjaya (IDX:SRAJ) rose 28.7 percent to IDR242 per share, and Pikko Land Development (IDX:RODA) rose 24.7 percent to IDR272 per share.

Top losers were Paramita Bangun Sarana (IDX:PBSA) down 21.3 percent to IDR1,180 per share, Bukit Uluwatu Villa (IDX:BUVA) down 19.6 percent to IDR470 per share, and Bank Ina Perdana (IDX:BINA) down six percent to IDR525 per share.