JAKARTA – Jakarta Composite Index must spend the entire day in the red zone until the closing bell today (5/6), ending its robust strides for two consecutive days in the green zone since earlier this Monday (3/6).

Monitoring this afternoon session, JCI was seen arriving at 6,947.67, even weaker than the morning session position at 7,088.57 at 9 AM WIB today (5/6). The index was seen not reflecting any positive sentiment that might raise its position that matches the position this morning.

Several state-owned issuers were seen suffering along with the Composite, including PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Bank Mandiri (Persero) Tbk (BMRI), and PT Bank Negara Indonesia (Persero) Tbk (BBNI). Meanwhile, PT Astra International Tbk (ASII) remained positive.

Other indices were seen corrected this afternoon. LQ45 went down 1.57% to 881.701, followed by IDX30 that slipped 1.01% to 483.653, IDX80 down 1.70% to 124.207, and IDXESGL down 3.13% to 152.260. (LK/ZH)