4.900's IHSG Landslide, BCA, MNC Vision, And Telkom Shares Most Sold By Foreign Investors

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) closed lower in trading earlier this week. JCI closed lower and fell to the level of 4,900's or fell 1.18 percent to 4,999.36.

In closing the trade, 115 stocks rose, 329 stocks fell, and 143 stocks remained unchanged. The trading volume was recorded at 12.15 billion shares and was transacted at IDR 6.79 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gusta Utama said, the weakening of the JCI was driven by markets in Europe which mostly opened in the red zone given the concerns over the second wave of COVID-19.

"Markets in Asia are also closed in the red zone on average. Then the lack of macroeconomic data that has a positive influence on the market, both domestic and external, has triggered a weakening of the JCI," Nafan told VOI.

Apart from that, continued Nafan, the existence of intelligence reports from FinCEN Files also affected global market performance today.

This afternoon, the stocks most sold by foreign investors, led by PT Bank Central Asia Tbk (BBCA), sold 40.08 million shares with a transaction value of Rp113.13 billion.

Followed by PT MNC Vision Networks Tbk (IPTV), which sold 181.81 million shares with a transaction of IDR33.7 billion. Then PT Astra International Tbk 7ang sold 23.39 million shares with a transaction value of Rp. 29.67 billion.