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Jakarta, CNBC Indonesia – The Jakarta Composite Index (JCI) closed in the red zone in the last trade of 2020, on Wednesday (12/30/2020), which was down 0.95% to 5,979.07 levels. In year to date (YTD), JCI recorded a decrease of 5.09%.
In the last trade in 2020, trading data recorded 143 stocks rose, 365 stocks fell, and 118 stocks stalled with a transaction value of IDR 14 trillion. Foreigners registered a net purchase of 487 billion rupees. During the current year, foreigners have fled, reaching Rs 61 trillion.
The positive sentiment came from the West. The House of Commons, one of the two houses of the British Parliament, has approved the draft of the post-Brexit agreements reached between the Government of the United Kingdom and the European Union (EU).
Brexit or Britain’s exit from the European Union will officially occur on January 1, 2021, after going through a transition period throughout this year.
Britain and the EU announced last week that they had reached a “zero-quota-zero-tariff” agreement, meaning there would be no high import tariffs or restrictions on the quantity of products both sides sell.
Then with regard to the fishing agreement, EU and UK fishers can still fish in both waters for the next 5.5 years. After that, each year there will be negotiations on fishing quota issues.
The draft will now be voted on in the House of the Lord, and it is also expected to be approved, so that Hard Brexit it won’t happen, Britain is “on good terms” with the European Union.
Hard Brexit it is something that market players fear, because it could lead the British economy to a sharp decline, and also drag the economies of other European countries.
The economic downturn in Europe certainly risks spreading to other countries, as a result the UK-EU trade deal is a relief for many parties and of course has a positive impact on financial markets.
Other than that, good news came from China today too. China’s manufacturing activity can still maintain its expansion this month. Chinese government data shows that the Purchasing Managers Index (PMI) in December rose to 51.9, down from 52.1 in the previous month.
PMI uses the number 50 as a threshold, below which means contraction, while above it is expansion.
Although China’s manufacturing PMI has declined, it is still expanding, thus continuing the recovery of the world’s second-largest economy.
In 2020, the shares of PT Bank Rakyat Indonesia Agroniaga Tbk (AGRO) managed to occupy the first position to become main winners, soared 613.79% to the level of Rp 1,035 / share.
Meanwhile, shares in PT BRI Syariah Tbk (BRIS), which in 2020 caused a stir among investors following news of the planned merger with other Islamic banks, were forced to take second place, which soared 607.55 % to Rs 2,250 / share.
Meanwhile, PT Kapuas Prima Coal Tbk (ZINC) shares were the worst performing issuers in 2020. ZINC shares fell 53.88% to Rp 190 / share. After ZINC, shares of PT Smartfren Telecom Tbk (FREN) fell 45.53% to 67 rupees / share.
CNBC INDONESIA RESEARCH TEAM
[Gambas:Video CNBC]
(chd / chd)
