JCI Fell 6 Percent To 5,136.81 Levels

Illustration. (Photo: Unsplash)

JAKARTA - The Composite Stock Price Index (IHSG) fell considerably at the close of March 9 Art trading. JCI closed down 6.58 percent or 361.73 points to the level of 5,136.81

At the close of trading this afternoon, only 43 stocks rose. A total of 382 stocks fell, and 102 stocks were stagnant.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama said, the correction in the JCI today was more influenced by the lack of catalysts from various global macroeconomic data which gave a positive high market impact on the market.

"Meanwhile, the results of the Indonesian Consumer Wealth Index (IKK) which decreased from 121.7 to 117.7 contributed to negative domestic sentiment," Nafan explained to VOI.

On the other hand, he continued, the COVID-19 factor also played a role in weakening the performance of the index growth. The rupiah is currently also correcting against the US dollar due to these factors.

This afternoon, stocks that were among the top gainers included PT Esta Multi Usaha Tbk (ESTA) which rose 70 percent to Rp204, PT Batulicin Nusantara Maritim Tbk (BESS) which rose 69.52 percent to Rp178, and PT Star Pacific. Tbk (LPLI) which strengthened 31.48 percent to Rp71.

Meanwhile, among the top losers include PT Tiphone Mobile Indonesia Tbk (TELE) which fell 16.67 percent to Rp125, PT Smartfren Telecom Tbk (FREN) which fell 13.04 percent to Rp80, and PT Perusahaan Gas Negara (Persero) Tbk (PGAS), which weakened 13.01 percent to Rp1,170.