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Jakarta Post
The Jakarta Post
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JCI drops 1.34 percent to 5,760 in first session

  • News Desk
    News Desk

    The Jakarta Post

Jakarta | Wed, May 16, 2018 | 04:09 pm
JCI drops 1.34 percent to 5,760 in first session The trading floor of the Indonesia Stock Exchange (IDX) building. (JP/Wienda Parwitasari)

The Jakarta Composite Index (JCI) dropped by 78.11 points, 1.34 percent, to 5,760 during the first session on Wednesday as stocks in all sectors declined.

The diversified industry sector posted the biggest fall at 2.42 percent, followed by consumer goods (2.22 percent), manufacturing (1.88 percent), financial (1.72 percent), infrastructure (0.82 percent) and the basic industry sector, which was off 0.77 percent.

Total transaction volume amounted to 5.04 billion shares, worth Rp 4.61 trillion (US$327.38 million), with 203 stocks falling, 121 stocks going up and 119 others unchanged.

The top losers among the LQ 45 in the morning session were PT Bank Tabungan Negara, down 4.76 percent, PT AKR Corporindo, down 4.63 percent and PT Bank Negara Indonesia, down 4.33 percent, while the top gainers were PT Bumi Resources up 3.94 percent, PT Wijaya Karya up 2.49 percent and PT PP up 1.82 percent.

Analyst Aditya Perdana Putra of securities firm Semesta Indovest Sekuritas said the JCI decline was caused by external factors, including the rising yield on 10-year US Treasury bills, which rose to 3.09 percent on Tuesday night

“Shares in the banking sector have weighed on the JCI,” Aditya said as quoted by kontan.co.id, adding that pressure would continue in spite of Bank Indonesia’s decision on its reference rate, which is expected to be made on Thursday.  (bbn)

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