Hitting over IDR 9.50 quadrillion, JCI’s market cap shrinks to IDR 9.46 quadrillion
JAKARTA – The market capitalisation of Jakarta Composite Index (JCI) weakens to IDR 9.46 quadrillion yesterday (19/6). Last week, JCI’s market cap was seen arriving above IDR 9.50 quadrillion.
The data from Indonesia Stock Exchange (IDX) compiled by IDNFinancials today (20/6) shows that the JCI was closed at 6,686.059 yesterday, declining 12.490. The traded shares clocked up to 19.72 billion units, all recorded within 1.20 transactions worth IDR 7.79 trillion in total.
Meanwhile, LQ45’s market cap was recorded at IDR 5.36 quadrillion. It was closed at 950.025 yesterday, declining 2,130 from 952.158 seen last week. Approximately 3.58 billion shares were being traded within 220,787 transactions, totalling to IDR 3.11 trillion.
For IDX30, the market cap was recorded at IDR 4.72 quadrillion, with the closing position at 494.315. It weakened 1.230 from the initial 495.548. The traded shares were at 3.12 billion units, all recorded within 162,186 transactions, resulting in transaction value of IDR 2.64 trillion.
Last week (15/6), JCI’s market cap reached IDR 9.51 quadrillion. The index was seen closing at 6,713.795, increasing from 6,699.71. The traded shares reached 17.88 billion, all recorded within 1.30 million transactions worth IDR 8.51 trillion.
Meanwhile, at the same period, LQ45’s market capitalisation was recorded at IDR 5.37 quadrillion, recording closing position at 952.269. It was 2.460 higher than the initial 949.806. Approximately 7.18 billion shares were being traded in 266,693 transactions worth a total of IDR 5.33 trillion.
Lastly, last week, IDX30 scored market cap of IDR 4.73 quadrillion and was closed at 495.476, increasing 1.470 from the initial 494.002. The volume of traded shares was 6.79 billion units, all recorded within 210,109 transactions, with a total value of IDR 4.73 trillion.
Quoted from Kontan, Pandhu Dewanto, Analyst of PT Investindo Nusantara Sekuritas, mentioned that the market cap of a country’s index will be influenced by many factors at once, including its gross domestic product (GDP) and investors’ attitude towards said country’s economic prospects and stability. Meanwhile, Indonesia has yet to gain appeal, considering the regulations that could be swapped and changed according to current political rotation, as well as its market liquidity. (LK/ZH)
