JCI Closed Tuesday In The Red Zone, Weakening To 4,501.92

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JAKARTA - The Jakarta Composite Index (JCI) closed lower on Tuesday, April 21 trading. JCI parked in the red zone, weakening 1.62 percent or 73.97 to the level of 4,501.92.

Closing the trade, there were 76 stocks strengthened, 323 stocks fell, and 129 stocks were stagnant. The trading volume was recorded at 8.85 billion shares and was transacted at IDR 6.20 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama said, COVID-19 sentiment is still the most important in influencing market movements.

"This has led to an oversupply in the oil and gas sector. The price of West Texas Intermediate (WTI) oil also experienced a significant decline of minus 30s from positive 20s instantly," Nafan told VOI.

On the other hand, he said, the global manufacturing industry activities on average are running very slowly.

This afternoon, stocks that were among the top gainers, including PT Terregra Asia Energy Tbk (TGRA) which rose 33.80 percent to Rp95, PT Temas Tbk (TMAS) which rose 11.46 percent to Rp107, and PT Soechi Lines Tbk, which strengthened 6.25 percent to Rp119.

Meanwhile, stocks that are among the top losers include PT Media Nusantara Citra Tbk (MNCN) which fell 6.86 percent to Rp950, PT Bank Tabungan Pensiunan Nasional Syaria Tbk (BTPS) which fell 6.82 percent to Rp2. 050, and PT Putra Rajawali Kencana Tbk (PURA) which fell 6.45 percent to Rp87.