JAKARTA - The Composite Stock Price Index (IHSG) began to enter a positive trend following its increase in the last two days. Today alone, Wednesday March 4, the JCI closed up 2.38 percent or 131.51 points to 5,650.14 levels.
A total of 292 stocks strengthened to support the green JCI. As for this afternoon, there were 125 stocks that were weak and 126 stocks that were stagnant.
Binaartha Sekuritas analyst M. Nafan Aji Gustama said the strengthening of the JCI was more influenced by domestic factors, namely related to the existence of an inclusive and sustainable domestic macroeconomic fundamental stability factor.
"The government's commitment to implementing health protocols from WHO in dealing with and overcoming the spread of COVID-19 has been responded positively by the market. On the other hand, the BI policy to reduce reserve requirements is also appreciated by market players," Nafan explained to VOI.
Meanwhile, external sentiment, he said, was related to the beginning of the era of lowering the benchmark interest rate of several central banks in countries in the world, such as the US and Australia, for example.
This afternoon, stocks that were among the top gainers, including PT Media Nusantara Citra Tbk (MNCN) which rose 6.90 percent to Rp1,395, PT Perusahaan Gas Negara (Persero) Tbk (PGAS) which gained 5.95 percent to Rp1,425, and PT Telekomunikasi Indonesia (Persero) Tbk (TLKM) which strengthened 5.80 percent to Rp3,830.
Meanwhile, those in the top losers include PT Acset Indonusa Tbk (ACST) which fell 20.23 percent to IDR276, PT Lancartama Sejati Tbk (TAMA) which fell 18.24 percent to IDR260, and PT Indonesia Tobacco Tbk (ITIC) which weakened 4.10 percent to Rp1,870.
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