JAKARTA, NNC - The Jakarta Composite Index (JCI) of the Indonesia Stock Exchange (IDX) at the close of today's trading dropped sharply by 117.84 points (-2.02 percent) to 5,702.82. The IDX composite index moved between 5,669 and 5,746 throughout trading on Thursday (10/11/2018).
The weakening of the composite index has previously been predicted by some analysts, especially related to the less encouraging economy and the government's doubts in raising the price of Premium (gasoline).
Previously, Pertamina had adjusted the price of non-subsidized fuel (Pertamax series), following the rise in world oil prices and the weakening rupiah exchange rate.
Meanwhile, there were only 78 stocks that rose, while 337 shares dropped, and 93 other stocks stagnated. Today's trading volume was recorded as many as 11.13 billion shares, buying and selling frequency of 373,497 times, and transaction value around IDR7.29 trillion.
Foreign investors recorded a net selling of IDR1.2 trillion in all markets. The stocks most widely sold by foreign investors included BBRI, BBCA, ASII, PGAS, and UNTR.
All sectoral indices of stocks weakened. The base industry sector plunged the most by 2.6 percent followed by the mining sector losing 2.41 percent, and the financial sector which slumped 2.4 percent.
The stocks that recorded the biggest price decline were among others KPAS' which fell 24.73 percent to IDR414 per share, TRUS' which dipped 20 percent to IDR176 per share, and AKPI's which plunged 20 percent to IDR176 per share.
In contrast, stocks recorded the highest gain (top gainers) were SKRN's rising 50 percent to IDR1,050 per share, MYTX's gaining 28.69 percent to IDR157 per share, and FPNI's adding 25 percent to IDR190 per share.