Trump's Potential To Win And Worries Of A Recession, Drag JCI To Fall 1.05 Percent

JAKARTA - Even though it opened higher this morning, the Composite Stock Price Index (IHSG) actually fell at the end of trading on Wednesday, November 4. JCI fell significantly by 54.25 points or 1.05 percent to 5,105.20 at the end of trading.

The total volume of stock exchange transactions today reached 13.09 billion shares with a transaction value of IDR 8.02 trillion. At the close of trading, 281 shares fell, 158 stocks rose and 159 stocks were stagnant.

Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama said that the US election which was very tight has made the market to be careful.

"On the other hand, the market is waiting for the announcement of Indonesia's third quarter economic growth tomorrow which is projected to be still minus, so it will fall into the recession category," Nafan told VOI.

Foreign investors recorded net sales of IDR123.3 billion in the regular market. Meanwhile, in all markets, foreign investors recorded a net purchase of IDR7.74 billion.

The stocks with the largest foreign net sales were PT Bank Mandiri Tbk (BMRI) with Rp 140.8 billion, PT Bank Negara Indonesia Tbk (BBNI) with Rp 34.7 billion, and PT Sarana Menara Nusantara Tbk (TOWR) with Rp 28 billion.

For information, reported by Bloomberg, based on a polling of the results of the US Presidential Election, the incumbent Donald Trump is now pursuing the electoral vote of Joe Biden with 213 votes until 14:15 WIB.

Meanwhile, Biden received 226 votes for the electorate. Trump got an additional electorate vote from Texas with 38 votes and Florida with 29 votes.