JAKARTA – Shares of state-owned Indonesian banks once again became a drag on the performance of Jakarta Composite Index (JCI) during Friday’s (21/2) trading session.

Shares of PT Bank Mandiri (Persero) Tbk (BMRI), PT Bank Negara Indonesia (Persero) Tbk (BBNI), and PT Bank Rakyat Indonesia Tbk (BBRI) ranked in the top three laggards.

According to data from the Indonesia Stock Exchange (IDX), BMRI’s share price declined by 1.46% to IDR 5,075 per share on Friday’s trading. This price drop contributed to a 6.70-point pressure on the IHSG.

Meanwhile, BBNI’s share price fell by 3.59% to IDR 4,300 per share, and BBRI’s price decreased by 3.07% to IDR 3,890 per share. These price declines caused the JCI to correct by 4.86 points and 3.07 points, respectively.

Despite this, JCI closed higher by 0.22%, or 14.96 points, to 6,803 on Friday. During the session, JCI touched its lowest point at 6,788.04 and its highest at 6,814.87. (KR/ZH)