Jakarta, CNBC Indonesia – This week, almost all of the country’s stock market indices have turned red. The Composite Stock Price Index or JCI corrected 0.55%, the LQ45 index which contains the most liquid stocks also fell 0.85%, the IDX30 index fell 0.67%.
By sector, trade data from the Indonesia Stock Exchange (IDX) noted that the stock indices for the mining and basic industrial sectors recorded the deepest corrections of 3.19% and 3.18%, respectively.
The reddening of the market this week is inseparable from the wave of student demonstrations that have taken place since September 24. Student demonstrations did not only take place in front of the DPR/MPR buildings, but also took place in various other big cities such as Semarang, Bandung, Malang, Surakarta and Makassar.
The demonstration was also marked by rioting between students and security forces. Recently, 2 students died and several activists were arrested.
In the midst of the red index on the IDX, according to IDX statistics, there are 5 stocks top losers which posted a negative run of 24% to 40% on the week.
The five stocks with the worst performance this week are PT Bhakti Agung Propertindo Tbk (BAPI) in the property sector which recorded a sharp decline of up to 40%.
In second place, there are shares of issuers of film producers owned by Manoj Punjabi, namely PT MD Pictures Tbk. (FILM) and then followed by PT Yeloo Integra Datanet Tbk. (YELO) engaged in business communication equipment industry and communication technology equipment rental services, then PT Tifico Fiber Indonesia Tbk. (TFCO) and PT Ristia Bintang Mahkotasejahtera Tbk.(RBMS).
Following are the details of the shares that have become top losers this week (Sept. 23-27):
It should be noted that Bhakti Agung Propertindo is a new issuer that took the floor on the stock exchange on September 16.
If we look closely, some of the stocks are adorned top gainers nor top losers this week are new issuers on the stock exchange.
The stocks with the highest gains in the week (top gainer) is PT Optima Prima Metal Sinergi Tbk (OPMS), which recorded an unmitigated appreciation of up to 142.96% a week.
In second position there PT Nusantara Almazia Tbk. (NZIA) which recorded an increase of 134.09%.
The two companies are issuers that have just taken the floor on the stock exchange. Optima Prima was listed on the stock exchange on Monday (23/9), while Nusantara Almazia was listed two days later, September 23.
The following is a summary of the stock’s performance top gainers this week (23-27 September).
It’s just that investors need to remember to pay attention to the fundamental performance of issuers with high share price increases, bearing in mind that strengthening stock prices on the IDX sometimes does not necessarily reflect business performance.
CNBC INDONESIA RESEARCH TEAM
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