JCI Hits New Record as Foreign Investors Bulk Up on BRI, Antam Shares
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5 April 2022 18:21 WIB
TEMPO.CO, Jakarta - The Jakarta Composite Index or JCI hit a new record on today's trade, April 5, as foreign capital flowed. The JCI reached 7,148.29, its all-time high level, gaining 0.45 percent.
Today's trade at the Indonesia Stock Exchange saw 290 stocks gained while 241 weakened and 151 stagnated. Foreign investors recorded a net buy of Rp648.89 billion in all markets ahead of the trade's close.
Bank Rakyat Indonesia (BBRI) became the most bought shares by foreign investors with a total of Rp125.7 billion, its biggest volume so far. Following behind were Aneka Tambang (ANTM) with Rp100.7 billion, and Elang Mahkota Teknologi (EMTK) with Rp86.1 billion.
CEO of Indosurya Bersinar Sekuritas, William Surya Wijaya, said that the index, which again closed with an all-time high (ATH) record, makes its uptrend more limited.
"The current increase in the JCI's movement pattern is still being supported by heavy capital inflows that occur on a year-to-date basis," he said in his research, Monday.
However, the increase appears to have become rather limited, so William sees that there is a risk of a reasonable correction that investors need to be wary of.
Read: Russia's Invasion of Ukraine May Curb Foreign Investment in Indonesia: Indef
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