IHSG Reddened Again After Indonesia Tested Positive For COVID-19

JAKARTA - The Composite Stock Price Index (IHSG) has not been able to rise from the red zone. After opening higher this morning, the JCI on Monday March 2 was unable to resist the pressure and closed down 1.68 percent or 91.46 points to the level of 5,361.27.

At the close of trading, as many as 158 stocks rose, 236 stocks fell, and 138 were stagnant. The trading volume was recorded at 6.49 billion shares and was transacted for IDR 6.84 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama, said the manufacturing purchasing manager index (PMI) data and inflation data had positive results, which made the JCI to strengthen.

"However, after that there was an extraordinary panic selling which resulted in a weakening of the JCI. This was in response to the government's announcement regarding the discovery of 2 patients with COVID-19 that occurred in Depok," Nafan told VOI.

This afternoon, stocks that were among the top gainers, among them, PT Diamond Citra Propertindo Tbk (DADA) which rose 34.82 percent to IDR151, PT Realpower Asia Indonesia Tbk (REAL) which rose 29.69 percent to IDR83. and PT Indofarma Tbk (INAF) which strengthened 19.42 percent to Rp535.

Meanwhile, among the top losers, including PT PP (Persero) Tbk (PTPP) which fell 7.05 percent to Rp1,120, PT Merdeka Copper Gold Tbk (MDKA) which fell 5.36 percent to Rp1,235, and PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) which weakened 5.01 percent to Rp3,980.