Weekend JCI Weakened 0.43 Percent To 4,494.58

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) closed lower on the weekend trading. JCI closed down 0.43 percent or 19.26 points to the level of 4,494.58.

Closing the trade, 135 stocks rose, 239 shares fell, and 155 shares remained unchanged. The trading volume was recorded at 5.93 billion shares, and transactions were worth IDR7.16 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama said the weakening of the JCI was driven by the rhetoric of the trade war between the United States and China.

"The weakening is also influenced by the threat of the second wave of COVID-19," Nafan told VOI.

Another sentiment affecting the JCI is Indonesia's trade balance as of April 2020, which was a deficit of 350 million US dollars.

This afternoon, stocks that were among the top gainers, including PT Alfa Energi Investama Tbk (FIRE) which rose 26.13 percent to IDR140, PT Buana Lintas Lautan Tbk (BULL) which rose 18.00 percent to IDR236, and PT Borneo Olah Sarana Sukses Tbk (BOSS) which strengthened 8.22 percent to Rp79.

Meanwhile, stocks that were among the top losers included PT jasnita Telekomindo Tbk (JAST) which fell 6.90 percent to IDR162, PT Bank Negara Indonesia (Persero) Tbk (BBNI) which fell 5.65 percent to IDR3. 340, and PT Matahari Department Store Tbk (LPPF) which fell 5.64 percent to Rp1,255.