IHSG Flushed Again, Friday Afternoon Closed To Level 5,452.70

Illustration. (Photo: Unsplash)

JAKARTA - The Composite Stock Price Index has been helpless in recent days. Today alone, Friday, February 28, JCI closed again in the red zone with a decline of 1.5 percent or 83 points to the level of 5,452.70.

This afternoon, as many as 90 stocks rose, but 330 stocks fell, and 104 stocks did not move. The transaction volume was recorded at 8.55 billion shares with a transaction value of Rp9.27 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 macroeconomic data still has minimal positive high market impact," Nafan explained to VOI.

However, the lesson he said was that market players could get discounted, cheap and attractive share prices.

"Moreover, there are still issuers that have positive fundamental performance," he said.

At the close of trading this afternoon, shares that were included in the top gainers, namely PT Central Omega Resources Tbk (DKFT) rose Rp13 or 12.38 percent to Rp118, shares of Pelayaran Tamarin Samudra Tbk (TAMU) rose Rp10 or 11.76 percent to Rp95. and shares of PT XL Axiata Tbk (EXCL) increased by Rp130 or 5.28 percent to Rp2,590.

As for the stocks that entered the top losers, among others, shares of PT Smartfren Telecom Tbk (FREN) fell Rp14 or 12.96 percent to Rp94, shares of PT Tiphone Mobile Indonesia Tbk (TELE) fell Rp15 or 11.72 percent to Rp113, and shares PT J Resources Asia Pasifik Tbk (PSAB) decreased by IDR26 or 10.83 percent to IDR214.