JCI On Wednesday Afternoon Closed Down By 3.18 Percent To 4,626.70

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) closed significantly lower in trading, Wednesday, April 8. JCI closed down 3.18 percent to 4,626.70 levels.

Closing the trade, there were 81 stocks rose, 335 stocks weakened, and 115 stocks were stagnant. The trading volume was recorded at 6.89 billion shares, and was transacted for IDR 6.04 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama, said that the JCI weakened because the market responded to the negative results of the decline in the performance of Indonesia's foreign exchange reserves (cadev) to 121 billion US dollars from 130.4 billion US dollars.

"On the other hand, the COVID-19 pandemic has also provided a negative sentiment for the performance of the global market due to concerns that countries affected by the pandemic will experience liquidity difficulties," Nafan told VOI.

This afternoon, stocks that were among the top gainers, including PT Victoria Insurance Tbk (VINS) which rose 34.38 percent to IDR129, PT Sejahtera Bintang Abadi Textile Tbk (SBAT) which rose 34.29 percent to IDR141, and PT Meta Epsi Tbk (MTPS), which secures 25.00 percent to IDR 420.

While stocks that are in the top losers ranks, including PT Wijaya Karya (Persero) Tbk which weakened 6.97 percent to Rp1,135, PT Bank Negara Indonesia (Persero) Tbk which weakened 6.96 percent to Rp4,010. and PT Repower Asia Indonesia Tbk (REAL) which fell 6.94 percent to Rp67.