After Trading Halt Again, JCI Tuesday Afternoon Fall 4.99 Percent To The Level Of 4,456.75

Illustration. (Photo: Unsplash)

JAKARTA - The Jakarta Composite Index (JCI) closed again in the red zone. On Tuesday, March 17, JCI closed down 4.99 percent or 233.91 points to 4,456.75

Stock trading was temporarily frozen (trading halt) at 15:02 because the JCI fell 5 percent. However, when it reopened at 15:32, JCI was still unable to get up.

At the close of trading, there were 68 stocks rising, 357 stocks weakening, and 91 stocks stagnating. The trading volume was recorded at 5.07 billion shares and was transacted for IDR 7.03 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama said, the aggressive spread of COVID-19 and declared an international pandemic by WHO was a threat to global economic growth.

"On the other hand, almost all stock exchanges in Asia and Europe have experienced a deep decline, which has a negative economic domino effect on the JCI movement," Nafan told VOI.

Meanwhile, continued Nafan, market players are waiting for the government's move in order to issue various stimuli in order to boost the national economy. Because if there is no breakthrough yet, it will cause constant market concern.

This afternoon, stocks that were among the top gainers, including PT MNC Kapital Indonesia Tbk (BCAP) which rose 17.83 percent to Rp185, PT MD Pictures Tbk (FILM) which rose 11.57 percent to Rp135, and PT Jaya Real Property Tbk (JRPT), which strengthened 7.80 percent to IDR442.

As for those in the top losers, PT Bank Central Asia Tbk (BBCA), which fell 6.99 percent to Rp25,600, PT Sarana Menara Nusantara Tbk (TOWR), which fell 6.99 percent to Rp665, and PT Astra International. Tbk (ASII) which weakened 6.97 percent to Rp4,270.