JCI Closed Lower, Telkom Shares For Sale By Foreign Investors Worth Rp232 Billion

JAKARTA - The Jakarta Composite Index (JCI) closed in the red zone on Wednesday, September 30 trading. JCI closed slightly lower by 0.19 percent or 9.06 points to the level of 4,870.04.

Closing the trade, 196 stocks rose, 217 stocks fell, and 161 stocks remained unchanged. The trading volume was recorded at 11.49 billion shares and transacted for IDR 7.04 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama, assessed that the weakening of the JCI was driven by the global second wave of the COVID-19 factor which triggered concerns over the implementation of the lockdown policy.

"Apart from that, the certainty of Indonesia's economic recession is in the announcement of the GDP in the third quarter of November," Nafan said to VOI.

Today, foreign investors recorded net sales or net sell of IDR481 billion in all markets.

The stocks with the largest foreign net sales were PT Telekomunikasi Indonesia Tbk (TLKM) Rp.232 billion, PT Bank Mandiri Tbk (BMRI) Rp.109 billion, and PT Bank Rakyat Indonesia Tbk (BBRI) Rp.108.4 billion.