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Jakarta, CNBC Indonesia – The Composite Stock Price Index (IHGS) rose 0.38% to 5,356 at the close of trading on Monday (9/11/2020) amid a series of positive catalysts, especially the results of the presidential elections of USA won by Joe Biden-Kamala Harris.
IDX data shows that the value of yesterday’s share transaction reached Rs 10.74 trillion. There are 238 stocks up, 203 stocks down, and 169 stocks stagnant.
The certainty of the victory of the US presidential candidate of the Democratic Party, Joe Biden, once again cheered the market, although in the first session the strengthening of JCI was cut short because investors took action profit taking after JCI had flown high in recent days.
JCI even had time to break through the previous highest level of 5,381 since it fell under the impact of the corona virus in March.
Trade data indicated that foreign investors made net purchases of Rs 189.15 billion on the regular market. Along with the traded and spot markets, Net purchase foreigners reached Rs 190.80 billion.
In the last 5 business days cumulatively, Net purchase foreigners reached 1.59 trillion rupees.
The most traded foreign stocks (net sale) are PT Astra International Tbk (ASIII) with net sales of Rp.127 billion and PT Indofood CBP Sukses Makmur Tbk (ICBP), which registered a net sale of Rp.37 billion.
Meanwhile, the most collected shares by foreigners were PT Bank Rakyat Indonesia Tbk (BBRI) with a net purchase of Rp. 368 billion and PT Telekomunikasi Indonesia Tbk (TLKM) with a net purchase of Rp. 40 billion.
Main foreign purchases in the regular market, November 9, 2020
1. BRI Bank (BBRI), net purchase Rs 368,200 crore, shares increased 3.65% Rs 3,690
2. Telkom Indonesia (TLKM), Rs 40,600 crore, shares increased 1.77% Rs 2,880
3. Bank Mandiri (BMRI), 36.9 billion rupees, shares increased 1.65% 6,150 rupees
4. Bank Central Asia (BBCA), Rs 33,500 crore, shares down 0.24% Rs 31,425
5. Unilever (UNVR), 16.7 billion rupees, shares decreased 1.55%.
According to KGI Sekuritas analyst Nugroho Rahmad Fitriyanto, the flow of foreign funds continues to flow rapidly into the Indonesian financial market amid sentiment from the election of Joe Biden in the US presidential election. influx This is reflected in the strengthening of the rupee exchange rate and performance (yield) Indonesian bonds fell significantly.
According to Nugroho, the election of Joe Biden has boosted expectations of stability in international relations and a relief from trade wars.
“In addition, the US stimulus is also projected to increase under Biden’s leadership, thereby increasing global market liquidity and investor demand to enter emerging markets,” he said, during a dialogue on CNBC Indonesia TV, quoted on the Tuesday (11/10/2020).
“Biden is good news for the market. We are tired of the impact of Trump’s mockery,” Christopher Stanton, chief investment officer at Sunrise Capital Partners, was quoted as saying by Reuters.
Meanwhile, from the Uncle Sam Stock Market, the Dow Jones Industrial Average (DJIA) rose sharply by 6.87%. point by point, The S&P 500 soared 7.32%. Meanwhile, the rise in the Nasdaq Composite was fantastic from the other two indices, which soared 9.39% at the close of Monday (Tuesday morning Indonesian time).
From within the country, Indonesian consumers have less and less confidence to look at the current economy and the coming months. This can be seen in the drop in the consumer confidence index (IKK).
“The Bank of Indonesia (BI) Consumer Survey indicates that the improvement in consumer confidence is still on hold in October 2020. The Consumer Confidence Index (IKK) in October 2020 was 79.0, lower than 83.4 in September 2020, “said a written statement released by BI. Monday (09/11/2020).
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