COVID-19, Which Brought JCI To Decline To Around 5,500

Illustration. (Photo: Unsplash)

JAKARTA - The Composite Stock Price Index (IHSG) is still sinking, it has even started to drop to around 5,500 levels. The JCI on Thursday, February 27 fell 153.23 points or 2.69 percent to 5,535.69.

Close of trading today, 77 stocks rose, 335 stocks fell, and 117 stocks remained unchanged. Trade transactions reached IDR7.10 trillion from 6.34 billion shares traded.

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 has the potential to threaten global economic growth if no antiviral drug is found. So that there is a panic selling condition in the market, "Nafan told VOI.

On the other hand, he said, the development of domestic macroeconomic data is still minimal positive high market impact at this time.

This afternoon, the stocks that entered the top gainers included, PT Indonesia Tobacco Tbk (ITIC) rose IDR155 or 9.66 percent to IDR1,760, shares of PT Cisadane Sawit Raya Tbk (CSRA) rose IDR50 or 9.09 percent to IDR600 , and shares of PT Dewata Freightinternational Tbk (DEAL) increased by Rp17 or 9.09 percent to Rp204.

As for the stocks that entered the top losers, among others, the shares of PT Agro Yasa Lestari Tbk (AYLS) fell IDR 20 or 28.57 percent to IDR 50, shares of PT Bank Rakyat Indonesia Tbk (BBRI) fell IDR 350 or 7.81 percent to IDR 4,130 , and the shares of PT Perusahaan Gas Negara Tbk (PGAS) fell by Rp110 or 7.36 percent to Rp1,385.