JAKARTA - The Jakarta Composite Index (IHSG) closed lower on Thursday, June 18 trading. JCI closed down 1.25 percent or 62.53 points to 4,925.25.
Closing the trade, 175 stocks rose, 243 stocks fell, and 154 stocks remained unchanged. The trading volume was recorded, 8.75 billion shares and was transacted at Rp7.32 trillion.
Binaartha Sekuritas analyst, M. Nafan Aji Gustama said, the weakening of the JCI was driven by concerns about the potential for a second wave of COVID-19. Market is also concerned about the heating up situation on the Korean Peninsula, where relations between South Korea and North Korea are starting to heat up.
"The reduction in the BI rate to 4.25 percent, as well as the estimated reduction in the economic growth rate in the second quarter of 2020 as described in the BI RDG, make market players more likely to wait and see for now," Nafan told VOI.
This afternoon, stocks that were among the top gainers, including PT Agung Podomoro Land Tbk (APLN) which strengthened 10.26 percent to Rp129, PT Sri Rejeki Isman which rose 7.85 percent to Rp206, and PT Integra Indocabinet Tbk. (WOOD) which strengthened 7.56 percent to Rp370.
Meanwhile, stocks that are in the top losers include PT Kresna Graha Investama Tbk (KREN) which weakened 5.92 percent to Rp159, PT Waskita Beton Precast Tbk (WSKT) which fell 4.81 percent to Rp198, and PT Cardig. Aero Services Tbk (CASS), which fell 4.46 percent to IDR214.
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