JAKARTA – The Jakarta Composite Index (JCI) continued its six-day losing streak on Thursday (19/12), experiencing its steepest drop of 1.84%.

At the close of trading on Thursday, the JCI settled at 6,977.24, down by 130.64 points from Wednesday’s (18/12) closing level.

Total transaction value on the Indonesia Stock Exchange (BEI) amounted to IDR 14.13 trillion (approximately USD 868 million) on Thursday. This represented 21.28 billion shares traded over 1.28 million transactions.

The weakening of JCI on Thursday was further weighed down by a net foreign sell of IDR 944.05 billion. This marked the fifth consecutive day of foreign outflows, starting from Thursday (12/12).

Several blue-chip stocks were in Top Laggards category, contributing to the index's decline, including PT Bank Mandiri (Persero) Tbk (BMRI), PT Chandra Asri Pacific Tbk (TPIA), PT Bank Central Asia Tbk (BBCA), and PT Bank Rakyat Indonesia (Persero) Tbk (BBRI). BMRI alone dragged JCI down by 13.10 points, TPIA by 9.93 points, BBCA by 8.07 points, and BBRI by 7.76 points.

Meanwhile, stocks leading the JCI gainers (Top Leaders) included PT Bayan Resources Tbk (BYAN), PT Amman Mineral Internasional Tbk (AMMN), PT Pertamina Geothermal Energy Tbk (PGEO), and  PT Ciputra Development Tbk (CTRA). BYAN lifted the index by 4.35 points, AMMN by 4.05 points, PGEO by 0.65 points, and CTRA by 0.40 points. (KR/ZH)