Crazy! When JCI fell 4.26%, these 5 stocks were 50% more



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Jakarta, CNBC Indonesia – The price of five stocks listed on the Indonesian Stock Exchange (IDX) last week increased by more than 50% at the time of the Composite Stock Price Index (IHSG) release more than 4%.

In fact, two stocks posted an increase of more than 100% last week.

As is known, weekly JCI performance fell 4.26% to 5,016.71 last week. JCI is under pressure to respond to the plan to reimpose Large Scale Social Restrictions (PSBB) in DKI Jakarta this Monday.


JCI had even slipped below the 5,000 level before rising on Friday (11/9/2020). DKI Jakarta Governor Anies Baswedan officially announced last Sunday that the PSBB would start today, Monday (9/14/2020), but it was not what market players had feared.

However, the correction in JCI during the week (7-11 September) did not affect the performance of PT Soho Global Health Tbk (SOHO) shares, which registered a 142% increase in one week at a price of Rp .4,410 / share. Then PT Puri Global Sukses Tbk (PURI) shares also moved wildly and were up 100% at a price of IDR 340 / unit.

Then, the shares of PT Pollux PROPERi Indonesia Tbk (SURVEY) soared 81.69% to the level of Rp 6,650 / unit. Shares of PT Kurniamitra Duta Sentosa Tbk (KMDS) were also up 60.43% to Rp 600 / unit and shares of PT Selaras Citra Nusantara Tbk (SCNP) were up 58.11%.

So far, there have been no updates on the corporate action plans of these five issuers. The rising share prices of these five listed companies appear to run counter to the market trend, which is currently plagued with negative sentiments, regarding the plan to implement the PSBB by the provincial government of DKI Jakarta.

However, it should be noted that most of these shares are newcomer shares that were listed last week, also known as an initial public offering (IPO).

Apart from JCI, the LQ45 stock index also saw a pressure correction of 5.73%.

[Gambas:Video CNBC]

(hps / bag)


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