JCI Is Getting More Helpless, Almost Touching Below 5,800s

Illustration. (Photo: Unsplash)

JAKARTA - The Composite Stock Price Index (IHSG) is still at home in the red zone and has almost reached the lower limit of the 5,800-level level. Monday, February 24, the JCI closed down 1.28 percent or 75.21 points to the 5,807.05 level.

A total of 101 stocks rose, but 320 stocks fell, and 121 stocks were stagnant. The trading volume was recorded at 6.20 billion shares and was transacted as much as Rp 5.83 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama said, the aggressive spread of COVID-19 still seems to have a systemic impact on the market in line with the sharp increase in virus infections that have occurred in South Korea, Italy and Iran.

"On the other hand, the development of macroeconomic data still has minimal positive high market impact, and the Japanese market is having a holiday to commemorate Imperial Day," Nafan told VOI.

This afternoon, stocks that were among the top gainers, among them, PT Dewata Freightinternational Tbk (DEAL) which rose 18.83 percent to IDR183, PT Sky Energy Indonesia Tbk (JSKY) which strengthened 14.04 percent to IDR130, and PT Trinitan Metals and Minerals Tbk (PURE) which strengthened 11.81 percent to IDR142.

While those in the top losers ranks, including PT Agro Yasa Lestari Tbk (AYLS) which fell 34.64 percent to Rp100, PT Tiphone Mobile Indonesia Tbk (TELE) which fell 8.97 percent to Rp142, and PT Andalan Sakti Primaindo Tbk. (ASPI) which weakened 6.85 percent to Rp272.