JCI Dropped Again To 5,800's

JAKARTA - The Composite Stock Price Index (IHSG) fell into the red zone at the close of trading on Friday, February 21. JCI returned to the level of 5,800's, closed down 1.01 percent or 60.23 points to the level of 5,882.26.

This afternoon, there were 108 stocks rising, but 306 stocks fell, and 144 stocks were stagnant. The trading volume was recorded at only 5.84 billion shares and was transacted at a value of IDR 5.80 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama said, the aggressive spread of COVID-19 still seems to have a systemic impact on the market.

"On the other hand, market players observe that there is a misunderstood instruction in article 170 of the Job Creation Bill which is one of the most important parts of the Omnibus Law," Nafan told VOI.

At the close of trading, stocks that were among the top gainers, including PT Sanurhasta Mitra Tbk (MINA) which rose 34.33 percent to Rp90, PT Dewata Freightinternational Tbk (DEAL) which rose 10.00 percent to Rp154, and PT Smartfren Telecom Tbk (FREN) which strengthened 8.65 percent to Rp113.

As for those in the top losers, among them PT Tiphone Mobile Indonesia Tbk (TELE) which fell 11.86 percent to Rp156, PT Repower Asia Indonesia Tbk which weakened 5.36 percent to Rp106, and PT Barito Pacific Tbk (BRPT) which weakened 4.92 percent to Rp1,160.