JCI Submerged Again: Shares Of BRI, BCA, BNI, Bank Mandiri Compact For Sale By Foreign Investors

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) closed in the red zone on Thursday, September 24 trading. JCI closed down 1.53 percent or 75.20 points to the level of 4,842.76.

Closing the trade, 83 stocks rose, 345 stocks fell, and 140 stocks remained unchanged. The trading volume was recorded at 8.17 billion shares and was transacted at IDR 5.80 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gusta Utama said, the weakening of the JCI was driven by the statement of the Minister of Finance Sri Mulyani which confirmed that Indonesia would experience a recession in the announcement of the third quarter GDP in early November.

"In addition, the existence of intelligence reports from the FinCEN Files also influences market behavior to wait and see. Then there is the second wave of the COVID-19 pandemic, as well as tensions between China and Taiwan," Nafan told VOI.

Today, the shares of the four largest banks in the country are recorded in the top five positions that are mostly sold by foreign investors or net sells. The shares of PT Bank Rakyat Indonesia Tbk (BBRI) are at the top of the net sell standings, which sold 175.21 million shares with a transaction value of IDR131 billion.

The shares of PT Bank Central Asia Tbk (BBCA) are in second place, selling 18.26 million shares with a transaction value of IDR 77.16 billion. Followed by PT Bank Negara Indonesia Tbk (BBNI) in fourth position, where 51.92 million shares were sold and transacted for Rp55.58 billion.

Another state-owned bank, namely PT Bank Mandiri Tbk (BMRI), is in fifth place, with a transaction value of Rp45.79 billion from the sales volume of 60.98 million shares.