JCI Drops, 401 Stocks Weakened Bringing The Index Almost Under 5,000

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) closed in the red zone. Monday, August 3, the JCI closed significantly lower by 2.79 percent or 143.40 points to the level of 5,006.22.

In closing the trade, 54 stocks rose, 401 shares fell, and 129 stocks remained unchanged. The trading volume was recorded at 10.65 billion shares and was transacted at Rp10.93 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama, assessed that the most crucial sentiment that triggered the JCI to weaken was from external factors.

"Such as the COVID-19 factor, and the recession factor in developed economies," Nafan said to VOI.

Meanwhile, internal sentiment is the decline in Indonesia's inflation rate per July to 1.54 percent from 1.96 percent. In addition, there is a threat factor for the "technical recession" of the Indonesian economy considering that the market is waiting for Indonesia's GDP data for the second quarter of 2020 which is projected to be minus.

This afternoon, stocks that were among the top gainers, including PT Alfa Energi Investama Tbk (FIRE) which strengthened 12.10 percent to Rp139, PT Sejahtera Bintang Abadi Textile Tbk (SBAT) which strengthened 9.49 percent to Rp173, and PT Era Mandiri Cemerlang Tbk (FISH) which strengthened 5.19 percent to Rp710.

Meanwhile, stocks that are among the top losers include PT Summarecon Agung Tbk (SMRA) which weakened 6.67 percent to Rp560, PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM) which fell 6.67 percent to Rp.6,300. and PT Waskita Karya (Persero) Tbk (WSKT) which fell 6.40 percent to Rp585.