JAKARTA – Jakarta Composite Index (JCI) weakened by 0.7% or 49.23 points, closing at 7,024.23 in Wednesday's (5/1) trading session, after briefly reaching its highest level at 7,079.46.

Several banking stocks were observed to enter the IHSG Top Laggards list on Wednesday. Shares of PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) topped the laggards, followed by PT Bank Mandiri (Persero) Tbk (BMRI) and PT Bank Negara Indonesia (Persero) Tbk (BBNI).

BBRI shares fell 2.82% on Wednesday, contributing to an 18.44-point decline in the IHSG. Meanwhile, BMRI shares dropped 2.64%, weighing the index down by 13.40 points, and BBNI shares declined 4.26%, dragging the index down by 7.32 points.

On the other hand, shares of PT Amman Mineral Internasional Tbk (AMMN) became a market mover on Wednesday, contributing 11.21 points to the IHSG. Shares of PT Pantai Indah Kapuk Dua Tbk (PANI) and PT Bumi Resources Minerals Tbk (BRMS) followed, with respective contributions of 3.69 and 2.07 points to the index.

Throughout Wednesday’s trading session, foreign investors once again recorded a net sell of IDR 490.49 billion. This brings the total foreign capital outflow from the Indonesian stock market to IDR 4.66 trillion since the beginning of the year. (KR/ZH)