JCI Is Increasingly Sinking, Closed At The 5,800 Level

Illustration. (Photo: Unsplash)

JAKARTA - The Composite Stock Price Index (IHSG) is sinking. JCI at the beginning of this week Monday 3 February, closed down 55.88 points or 0.94 percent to the level of 5,884.17.

A total of 107 stocks rose, but 312 stocks fell and 123 stocks were stagnant. The trading volume was recorded at 6.65 billion shares with a transaction value of Rp6.96 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama said, there were various factors that weakened the JCI today. The first is the aggressive outbreak of the corona virus.

"This is the most crucial issue, because until now there is no antidote. Meanwhile, the number of victims who have died continues to increase," Nafan told VOI, Monday, February 3.

Apart from that, Nafan said, another factor is the performance of manufacturing data from the Purchasing Manager Index (PMI) in Indonesia and globally, which shows signs of contraction.

"The next factor is the decline in the performance of inflation data and domestic inflation data," said Nafan.

At the close of trading today, stocks that were among the top gainers included PT Limas Indonesia Makmur Tbk (LMAS) which rose 34.29 percent to IDR141, PT Cisadane Sawit Raya Tbk (CSRA) which rose 10.19 percent to IDR595 , and PT Bank Tabungan Pensiunan Nasional Syaria Tbk (BTPS) which rose 6.80 percent to Rp4,710.

Meanwhile, among the top losers included PT Smartfren Telecom Tbk (FREN), which fell 9.71 percent to Rp. 93, PT Ace Hardware Indonesia Tbk (ACES), which fell 6.98 percent to Rp1,600, and PT Charoen Pokphand Indonesia Tbk. (CPIN), which fell 6.77 percent to Rp6,200.