JAKARTA - The Composite Stock Price Index (IHSG) closed lower at the weekend trading. JCI closed down 0.87 percent or 43.36 points to 4,926.73 on Friday, October 2 trading.
Closing the trade, 125 stocks rose, 300 stocks fell, and 150 shares remained stagnant. The trading volume was recorded at 9.97 billion shares with a transaction value of IDR 6.15 trillion.
Binaartha Sekuritas analyst, M. Nafan Aji Gusta Utama said, the factor of Trump and the First Lady's positive announcement for COVID-19 was the driving force behind the weakening of the JCI.
"Apart from that, there is another factor for profit taking, a projected factor for the decline in US nonfarm payroll performance, and there is also a factor for the Chinese national holiday," Nafan told VOI.
On the trading day this weekend, nine sectors fell along with the JCI. Foreign investors recorded net sales or net sell of IDR 49 billion in all markets.
The stocks with the largest foreign net sales were PT Bank Central Asia Tbk (BBCA) with IDR 29.4 billion, PT Media Nusantara Citra Tbk (MNCN) IDR 21.1 billion, and PT Gudang Garam Tbk (GGRM) IDR 20.9 billion.
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