JCI weakens 1.81% in a week, foreign outflow IDR3.69 trillion

JAKARTA - The Composite Stock Price Index (JCI) moved down 1.81% or 120.37 points to 6,515.63 in trading last week.
This decline made the market capitalisation of all issuers on the Indonesia Stock Exchange (IDX) fall 1.87% or IDR 215 trillion, to IDR 11,235 trillion.
With the weakening performance of the JCI during the week, foreign investors recorded a net sell of IDR3.69 trillion. The foreign net sell portion increased 87.82% from the previous week, which was only Rp450.33 billion.
According to IDX data, PT Dian Swastatika Sentosa Tbk (DSSA) ranks among the JCI Top Leaders. The shares of this mining company owned by the Sinarmas Group recorded a price increase of 28.16% during the week, contributing to the increase of 36.14 index points.
Meanwhile, the shares of PT Barito Renewables Energy Tbk (BREN) ranked first in the Top Laggards. The shares of this clean energy company owned by Prajogo Pangestu recorded a price decline of 6.18%, making JCI lose 17.34 points in a week.
The performance of the sectoral indices were mostly weak in last week's trading, with the deepest decline in the Basic Materials sector (-6.49%). The technology sector led the sectoral index gainers, with a 6.82% week-on-week gain. (KR)