Protest at DPR, JCI sluggish throughout the day
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JAKARTA – Jakarta Stock Price Composite Index (JCI) reportedly weakens throughout the day (22/8) amidst mass protest outside DPR/MPR Building to rule out Regional Election (Pilkada) Bill.
Index trend is in total contrast with yesterday’s (21/8) trend that broke its highest record, following Constitutional Court’s decision to lower parliament threshold in DPRD for gubernatorial election.
Monitoring the board until today’s closing bell, JCI stopped at 7,471.00, much lower than its starting position, even reaching 7,488.66 at 9.10 AM WIB.
However, JCI generally still reported an upturn compared to last Thursday (8/8), in which it arrived at 7,251.00. The new record managed to maintain JCI at a more optimistic level.
It then translated into other indices that remained at the green zone at the closing bell, including LQ45 that went up 0.34% to 942.368, IDX30 up 0.42% to 478.636, IDX80 up 0.17% to 131.381, and IDXESGL up 0.09% to 166.410.
PT Chandra Asri Pacific Tbk (TPIA), PT Adaro Energy Indonesia Tbk (ADRO), PT Bukit Asam Tbk (PTBA), PT United Tractors Tbk (UNTR), and PT Amman Mineral Internasional Tbk (AMMN) reportedly flourished.
Meanwhile, PT Bank Central Asia Tbk (BBCA), PT Aneka Tambang Tbk (ANTM), and PT Vale Indonesia Tbk (INCO) reported decline, as well as PT Barito Renewables Energy Tbk (BREN). (LK/ZH)