Monday, JCI Was Closed Sinking 2.35 Percent To The Level Of 4,605.49

Illustration. (Photo: Unsplash)

JAKARTA - The Jakarta Composite Index (JCI was closed lower at the close of trading on Monday May 4. The JCI dropped significantly by 2.35 percent or 110.92 points to 4,605.49).

Closing the trade, 111 stocks rose, 286 shares fell, and 139 stocks were stagnant. The trading volume was recorded at 5.71 billion shares and was transacted for IDR 5.70 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama said a lot of negative sentiment hit the market today. For example, this is an indication of the return of the US-China trade war, the COVID-19 pandemic, and the Japanese stock exchange holiday.

"Another sentiment is the Indonesian manufacturing PMI data which fell significantly to 27.5. Then the decline in the performance of inflation data and core Indonesian inflation, as well as the number of tourists fell significantly," Nafan told VOI.

This afternoon, stocks that were among the top gainers, including PT Indonesia Pondasi Raya Tbk (IDPR) which rose 34.41 percent to Rp125, PT Royalindo Investa Wijaya Tbk (INDO) which rose 33.33 percent to Rp76, and PT Steadfast Marine Tbk (KPAL) which strengthened 16.90 percent to IDR 83.

Meanwhile, stocks that are among the top losers include PT Pakuwon Jati Tbk (PWON) which fell 6.88 percent to IDR352, PT Charoen Pokphand Indonesia Tbk (CPIN) which fell 6.52 percent to IDR4,300, and PT Astra International Tbk (ASII), which fell 6.23 percent to Rp3,610.