JCI Weekend Ends In The Red Zone, Most Telkom Shares Are Sold By Foreigners

JAKARTA - The Jakarta Composite Index (JCI) closed in the red zone on Friday, August 28 trading. JCI closed down 0.46 percent or 24.81 points to the level of 5,346.66.

Closing the trade, 189 stocks rose, 238 stocks fell, and 173 stocks remained unchanged. The trading volume was recorded at 14.27 billion shares and was transacted for IDR 8.07 trillion

Binaartha Sekuritas analyst, M. Nafan Aji Gusta Utama said, the weakening of the JCI was due to the lack of domestic and global macroeconomic data which had a high positive impact on the market.

"Therefore, profit taking has occurred at the end of this week," Nafan told VOI.

This afternoon, the shares most sold by foreign investors were PT Telekomunikasi Indonesia Tbk (TLKM). The shares of the issuer, which reportedly plans to invest in Gojek, were sold by foreign investors as many as 161.44 million shares and traded for Rp.305.80 billion.

Meanwhile, the shares most hunted by foreign investors today are PT Bank Mandiri (Persero) Tbk (BMRI). The shares of this state-owned bank were bought as many as 38.85 million shares with transactions worth IDR36.5 billion.