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Jakarta, CNBC Indonesia – The Jakarta Composite Index (JCI) opened operations on Thursday (2/4/21) with a rise of 0.56% to 6,111.75. After 5 minutes, the JCI was observed to increase 0.54% to the level of 6,110.22, again above the psychological level of 6,100.
Trade data indicated that foreign investors made net purchases of Rs 75 billion on the normal market today with a current transaction value of Rs 1 trillion.
Foreigners registered a net purchase of shares in PT Bank Rakyat Indonesia Tbk (BBRI) worth Rp 34 billion, and PT Telekomunikasi Indonesia Tbk (TLKM) worth Rp 14 billion.
Meanwhile, the net sale was made in shares of PT Indofood CBP Sukses Makmur Tbk (ICBP), which was sold for Rs 1 billion and PT United Tractors Tbk (UNTR), which was sold for Rs. 1 billion.
The pandemic crisis is not over yet, but market players are now “driving” or believing that the economy will improve, and the risk of a pandemic is increasingly measurable thanks to ongoing vaccines.
The stock market has come to life, especially ahead of the release of the Gross Domestic Product (GDP) as of December 2020 on Friday, which will provide clues as to the degree to which the Indonesian economy has recovered from the pandemic virus over the past year. .
Indicators of strengthening global investor confidence can be seen in the CBOE volatility index (VIX), known as the “fear index.” On Wednesday, the VIX fell 10.4%, continuing Tuesday’s correction (-15.5%).
During the week, the index has fallen 34.5% from 33.09 to 22.91. This means that the concerns of global market players have been drastically reduced, indicating that they will enter risky assets, leaving risk-free (safe haven) assets such as United States (US) securities.
This indication has received confirmation in Indonesia. Since the government bond auction last Tuesday, the government posted a three-fold oversubscription, with a total incoming supply of Rs 83.79 trillion, up from the target of Rs 35 trillion.
[Gambas:Video CNBC]
(trp / hps)
