JCI Drops 3.44 Percent After The Post-Auglar 2025 Demo

JCI (Photo: Antara)

JAKARTA - The Composite Stock Price Index (JCI) opened down 3.44 percent to 5,912.06 at 09.01 WIB, Monday, September 1, after last week's National Demonstration.

For the time being, the total recorded transactions amounted to Rp2.07 billion with a total volume of 2.22 million shares trading at a frequency of 145,921 times at the start of trading.

In addition, issuers who entered the Top Gainers ranks, namely PT Tempo Inti Media Tbk (TMPO) rose 27.16 percent to Rp206, PT Pradiksi Gunatama Tbk (PGUN) rose 25 percent to Rp3,850, PT Shield on Service Tbk (SOSS) rose 14.5 percent to Rp750.

Meanwhile, the majority of shares were recorded to have weakened, of which 622 stocks fell, 24 rose, and 37 stocks were stagnant.

Previously, the Composite Stock Price Index (JCI) was predicted to tend to weaken earlier this week, amid the rampant demonstrations that have occurred in recent days.

Equity Analyst of PT Indo Premier Sekuritas (IPOT) David Kurniawan in his research said that market participants will focus on key sentiments, namely protests and market turmoil. Demonstrations of students and workers regarding the salaries of the DPR, education funds, and school food programs led to a decline in the JCI by more than 2 percent and a weakening of the Rupiah by almost 1 percent last week.

"The market will focus on the dynamics of demonstrations and statements of the authorities, including the steps taken by Bank Indonesia and the IDX or OJK, so as not to cause panic in the financial market," said David.

David predicts that the JCI will tend to weaken in this week. Traders and investors must also pay close attention to the important support level of the JCI this week of 7,700-7,800.

"Although last Friday, there was still a large flow of foreign funds entering the JCI, but it did not rule out their return to direction due to the effect of domestic political uncertainty," he said.

It is known, during the past week the JCI closed at the level of 7,830 or weakened by approximately 0.36 percent compared to the previous week. Foreign investors made purchases (inflows) reaching Rp1.3 trillion in the regular market.

However, David said globally there was a flow of global funds slowing down and investors turned out to be cautious about the independence of the Fed, after President Trump attempted to fire a Fed governor.

"As a result, the inflow into global equity funds has decreased," he explained.