Wednesday, JCI Weakened By Almost 3 Percent To 4,330.67 Levels

Illustration. (Photo: Unsplash)

JAKARTA - The Composite Stock Price Index (IHSG) has again weakened considerably. At the close of trading on Wednesday, March 18, the JCI closed down 2.83 percent or 126.08 at 4,330.67.

At the close of trading, as many as 93 stocks rose, 320 stocks fell, and 94 stocks remained unchanged. The trading volume was recorded at 8.43 billion shares, and was transacted for IDR 8.08 trillion

Binaartha Sekuritas analyst, M. Nafan Aji Gustama said, the weakening of the JCI in the last few days was due to the aggressive spread of the COVID-19 outbreak that has occurred in the country, accompanied by a lack of positive domestic sentiment.

"Meanwhile, market players are waiting for the government's move in order to issue various stimuli in order to boost the national economy," Nafan told VOI.

This afternoon, stocks that were among the top gainers, including PT MD Pictures Tbk (FILM) which rose 27.41 percent to Rp172, PT Indonesian Tobacco Tbk (ITIC) which rose 24.87 percent to Rp2,460, and PT Metro Healthcare Indonesia Tbk (CARE) which strengthened 13.11 percent to Rp138.

While those in the top losers ranks, including PT Media Nusantara Citra Tbk (MNCN) which fell 6.94 percent to Rp805, PT Unilever Indonesia Tbk (UNVR) which fell 6.92 percent to Rp6,050, and PT Bank Tabungan Negara (Persero) Tbk (BBTN) which weakened 6.90 percent to Rp1,080.