JCI Is Getting Eroded, It's Been Down To 5,600s

Illustration. (Photo: Unsplash)

JAKARTA - The Composite Stock Price Index (IHSG) is getting weaker to the level of 5,600s. JCI on Wednesday, February 26, closed down 1.70 percent or 98.22 points to 5,688.92.

Soe, only 92 stocks closed higher. On the other hand, 306 stocks that fell down brought JCI down, and 134 stocks were stagnant.

Today 10 billion shares were traded with a transaction value of IDR 7.53 trillion. Foreign investors recorded a net sell of IDR 1.76 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.

"The spread of COVID-19 threatens global economic growth. On the other hand, the development of domestic and global macroeconomic data still has minimal positive high market impact," Nafan told VOI.

Stocks that are among the top gainers today include PT Cisadane Sawit Raya Tbk (CSRA) which strengthened 10.00 percent to IDR550, PT Ginting Jaya Energi Tbk (WOWS) which strengthened 4.90 percent to IDR107, and PT Dewata Freighinternational Tbk (DEAL) which strengthened 3.31 percent to Rp187.

As for those in the top losers, among them, PT Trinitan Metals and Minerals Tbk (PURE) which fell 21.74 percent to Rp144, PT Sky Energy Tbk which fell 17.53 percent to Rp127, and PT Lancartama Sejati Tbk (TAMA) which weakened 14.46 percent to Rp414.