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Jakarta, CNBC Indonesia – The Jakarta Composite Index (JCI) was significantly corrected at the close of business on Wednesday (11/4/2020) amid global sentiment in the US presidential election, when incumbent Donald Trump-Mike Pence fought Joe Biden -Kamala Harris.
Trading data shows that the country’s benchmark stock index rallied in the first trading session and then crashed in the second session.
Finally, JCI closed, corrected 1.05% to 5,105.2. Total registered transactions reached Rp. 8.02 trillion. Foreigners posted net sales or net sale on the regular market worth 123.3 billion rupees.
The shares sold by foreigners are a trio of state-owned bank stocks, namely PT Bank Mandiri Tbk (BMRI), PT Bank Rakyat Indonesia Tbk (BBRI) and PT Bank Negara Indonesia Tbk (BBRI).
Meanwhile, the shares collected by foreigners are shares of PT Bank Central Asia Tbk (BBCA), shares of PT Semen Indonesia Tbk (SMGR) and shares of conglomerate PT Astra International Tbk (ASII).
In detail, there were 10 shares that were occupied being released by foreigners on Wednesday.
Top 10 Foreign Sales (Regular) Wednesday, November 4, 2020
1. Bank Mandiri (BMRI), net sale of IDR 162.5 billion, transaction value of IDR 442.6 billion, minus 5% shares at IDR 5,700
2. Bank BRI (BBRI), 67.7 billion rupees, transactions 460.8 billion rupees, shares decreased by 2.66% 3,290 rupees
3. Bank Negara Indonesia (BBNI), 34.7 billion rupees, transactions 164.9 billion rupees, shares decreased by 1.07% 4,620 rupees
4. Sarana Menara Nusantara (TOWR), IDR 28 billion, transaction IDR 95.2 billion, shares stalled IDR 985
5. Indofood Sukses Makmur (INDF), Rs 13,200 crore, Rs 50,000 crore transaction, 0.71% drop in shares Rs 6,950
6. Bank BTPN Syariah (BTPS), 6 billion rupees, transaction 40.2 billion rupees, shares plummeted 3.39% 3,710 rupees
7. Mitra Adiperkasa (MAPI), Rs 2,800 crore, Rs 4,400 crore, shares down 1.56% Rs 630
8. Gudang Garam (GGRM), IDR 2.2 billion, transaction IDR 35.8 billion, minus 0.61% shares IDR 40,575
9. Matahari Department Store (LPPF), 1.8 billion IDR, transactions 16.5 billion IDR, stock drop 2.63% 925 IDR
10. Siloam International Hospitals (SILO), Rs 1,600 crore, Rs 1,700 crore transactions, shares minus 0.20% Rs 4,990
JCI was actually in the correction zone when most of the Benua Kuning region stock exchanges were in the green zone yesterday.
Along with the national stock market, there was the Hong Kong stock market which fell 0.21% and Thailand and India which each slightly corrected 0.01%.
Three actions with net sale the largest has a large market capitalization, also known as large cap. Bank Mandiri’s capitalization reached 266 billion IDR, Bank BRI reached 405.81 billion IDR, and Bank Negara Indonesia 86.16 billion IDR, so the fall in the share prices of the three banks it was a great pressure for JCI.
Wall Street’s impressive performance on Tuesday night (closing Indonesian time Wednesday morning) apparently failed to keep JCI in the positive zone during trading.
The sentiment that is still being watched by market participants is the presidential election in the U.S. As of late Wednesday afternoon, Democratic candidate Joe Biden was pushing ahead with a provisional electoral vote of 238, while Republican Trump still had 213 votes.
Last night, the futures contract (futures) The US stock index on Wednesday (4/11/2020) weakened, following the tighter US presidential elections.
Contract futures The Dow Jones Industrial Average fell 58 points (-0.2%), after rising to 150 points. Similar contract prices for the S&P 500 and the Nasdaq index continued to rise 0.3% and 1.9%, respectively.
“I think the big news for the market right now, at least from the beginning, is the possibility that there is no blue flag. [kemenangan Biden]which generally supports the market, “Mike Lewis, Barclays managing director, told CNBC International.
Market players are concerned that the outcome of the presidential election will lead to a lawsuit, because it will delay the development of important economic policies, such as the second stimulus phase.
Earlier, the incumbent presidential candidate Donald Trump declared that his party was preparing for a big party, because it won everything, but it was later canceled.
“We go to the Supreme Court, we ask that all vote counting be stopped,” he said.
Democratic presidential candidate Joe Biden failed to get votes in North Carolina, but took the lead in Arizona. States with floating voices like Michigan, Wisconsin and Pennsylvania are still uncertain and will take days to count.
Trump is expected to win Florida, Indiana, Kentucky, South Dakota, Arkansas, Alabama, North Dakota and Ohio, according to NBC News.
Meanwhile, Biden is expected to win Vermont, Delaware, Maryland, Massachusetts, Colorado, New York and Virginia.
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