Market Remains Active as Regional Elections Take Place
Indonesia Stock Exchange (IDX) claimed that capital market trading continued normally on Wednesday (6/27), even though the day was set by the government as national holiday because of regional election so that Indonesians can use their political rights properly. Regional election started simultaneously in 171 regions across the country.
Previously, some experts predicted that the continuation of capital market trading at IDX while the regional election holiday takes place would not affect the market itself. However, the data showed the opposite. Jakarta Composite Index (JCI) in Wednesday (6/27) closed at 35 points lower or 0.65 percents to IDR 5,787.
JCI was opened at level 5,823 in the morning, but moved approximately from 5,787 to 5,859. In exchange rate market, Rupiah closed down to 27 points or 0.19 percents to IDR 14,224 per USD. RTI Infokom recorded that investor trading was valued at 7.38 trillion with the volume of 8.95 billion shares transactions.
Foreign investor was recorded IDR 351.43 billion net sell in regular market trading on the same day. Foreign investors did most of the net sales to PT Telekomunikasi Indonesia Tbk (TLKM), PT Bank Mandiri Tbk (BMRI), and PT Indo Tambangraya Megah Tbk (ITMG). Meanwhile, net buys were mostly done by foreign investor in PT Bank Negara Indonesia Tbk (BBNI), and PT Adaro Energy Tbk (ADRO), dan PT United Tractors Tbk (UNTR) shares.
Overall, there were 171 shares rising, 206 shares falling, and 114 shares that didn't changed at all. The falling JCI was in line with major Asian stocks. "Falling stocks happened because of foreign net sell and global uncertainty sentiment," said Head of Research Mirae Indonesia Security Assets, Taye Shim.
Sources:
CNN Indonesia
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