IHSG Amblas 4.5 Percent Friday Morning, Get Ready For Another Halt Trading

Illustration. (Photo: Unsplash)

JAKARTA - The Composite Stock Price Index (IHSG) reopened sharply lowering this morning's trading. JCI on Friday, March 13, immediately fell 223.8 points or 4.5 percent to the level of 4,671.92 after being hit by halt trading before the close of trading yesterday afternoon.

Thursday March 13 stock trading officially closed early, at 15:33. This is because the JCI was recorded to have dropped to more than 5 percent.

This is in accordance with the policy of the Financial Services Authority (OJK) which instructs the Indonesia Stock Exchange (IDX) to stop trading for 30 minutes (trading halt), if the Composite Stock Price Index drops by 5 percent or more.

This morning there were 12 stocks rose, 213 stocks fell, and 45 stocks were stagnant. Trade transactions reached IDR 342.5 billion from 426.1 million shares traded.

Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama also predicts that today's JCI will move down. "This indicates a potential bearish continuation of the JCI movement so that it has the opportunity to head to the nearest support level," he said.

Based on his analysis, technically the JCI is predicted to move at the level of 4,860 to 4,754. Meanwhile in the resistance range the index is likely to be between the levels of 5.022 to 5.112.

This morning, the stocks that entered the top gainers, namely PT Makmur Berkah Amanda Tbk (AMAN) rose IDR 38 or 34 percent to IDR 148, shares of PT Bank Capital Indonesia Tbk (BACA) rose IDR 100 or 25 percent to IDR 500 and shares of PT Metro Healtcare Indonesia Tbk (CARE) increased by IDR 10 or 9 percent to IDR 113.

As for the stocks that entered the top losers, among others, the shares of PT Wijaya Karya (Persero) Tbk (WIKA) fell IDR 80 or 6 percent to IDR 1,065, shares of PT Perusahaan Gas Negara Tbk (PGAS) fell IDR 70 or 6 percent to IDR 935 and shares PT Telekomunikasi Indonesia Tbk (TLKM) decreased Rp230 or 6 percent to Rp3,080.