JCI On Wednesday Closed Down 1.61 Percent To The Level Of 4,466.04

Illustration. (Photo: Pixabay)

JAKARTA - The Jakarta Composite Index (IHSG) closed lower in trading on Wednesday, April 1. JCI closed down 1.61 percent or 72.89 points to 4,466.04.

In closing the trade, there were 129 stocks rising, 267 stocks weakening, and 131 stocks stagnating. The trading volume was recorded at 6.11 billion shares, and was traded at a value of IDR 7.30 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama said, the JCI movement experienced profit taking after the release of China's manufacturing purchasing manager index (PMI) data from Caixin which showed signs of expansion after the country's recovery from the COVID-19 pandemic.

"On the other hand, profit taking was also carried out after the release of inflation data in the country which is still categorized as stable," Nafan told VOI.

Meanwhile, Nafan continued, the results of Indonesia's manufacturing PMI data showed a contraction of expansion amidst the increasing COVID-19 outbreak in the country.

This afternoon, stocks that entered the top gainers, namely shares of PT Steel Pipe Industry of Indonesia Tbk (ISSP), rose IDR 38 or 34 percent to IDR 148, shares of PT Ascet Indonusa Tbk (ACST) rose IDR 58 or 25 percent to IDR 290, and shares of PT Rukun Raharja Tbk (RAJA) increased IDR 4 or 4.88 percent to IDR 86.

As for the stocks that entered the top losers, among others, the shares of PT Ramayana Lestari Sentosa Tbk (RALS) fell IDR32 or 6.87 percent to IDR434, shares of PT Bank Tabungan Pensiunan Nasional Syariah (BTPS) fell IDR145 or 6.8 percent to IDR434, and PT Bima Sakti Pertiwi Tbk (PAMG) decreased by IDR 8 or 6.5 percent to IDR 114.