TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) fell deep during today's first trading session following a continued foreign sell. The lack of positive sentiments at the trading floor prompted investors to sell big cap stocks.
During its mid-day break, the JCI lost 102 basis points (2.15 percent) to hit a low 4,646.95. Stocks from the basic industry, banking, and manufacturing sectors triggered the index's dive of the index.
BMRI fell 3.1 percent to Rp9,225 per share, INTP fell 6.3 percent to Rp18,550 per share, while ASII plunged 2.7 percent to Rp6,325 per share.
Satrio Utomo, chief researcher at Universal Broker Indonesia, said that foreign sale was the main catalyst underpinning the index today. He said that the unstoppable rupiah correction makes investors reluctant to hold on to rupiah-denominated assets for the time being.
At the end of the first trading session, only 2,961 shares were traded for a transaction value of Rp2,071 trillion and a trading frequency of 118,417 times. Foreign net sales amounted to Rp137 billion.
PDAT | MEGEL JEKSON