JCI Weakened: The Shares Of BRI, Telkom And Bank Mandiri Were Sold By Foreign Investors With A Total Of IDR 337.98 Billion

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) closed in the red zone on trading Tuesday, September 29. JCI closed down 0.56 percent or 27.45 points to 4,879.10.

In closing the trade, 164 stocks rose, 257 stocks fell, and 147 stocks remained unchanged. The trading volume was recorded at 11.31 billion shares and transacted at Rp6.91 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gusta Utama said, the weakening of the JCI was driven by the lack of domestic and global macroeconomic data that had a high positive impact on the market.

In addition, the market is waiting for the US presidential debate on Tuesday local time. Then, Nafan said, there was also a second wave of COVID-19 factors that triggered concerns about the implementation of a lockdown policy.

"Domestically, there are concerns that Indonesia's economy will experience a recession in the third quarter, as well as concerns that Indonesia's economic performance will experience a contraction in 2020. From the World Bank, Indonesia's economic growth forecast in 2020 will be from 0 percent to minus 2 percent," Nafan told VOI. .

Today, the three stocks most sold by foreign investors are PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Telekomunikasi Indonesia (Persero) Tbk (TLKM), and PT Bank Mandiri (Persero) Tbk (BMRI).

The three shares were on sale with a total value of IDR337.98 billion. With details, BBRI shares were sold for Rp138.03 billion, TLKM Rp122.4 billion, and BMRI Rp77.55 billion.