JCI experiences trading halt, who drag it down?
JAKARTA - The Jakarta Composite Index (JCI) experienced its first trading halt since COVID-19 in 2020 at 11.19 am today (18/3), after falling 5.02% to 6,156.91.
Several large market cap stocks are said to drag down JCI today. Based on Bloomberg data, the five Top Laggards issuers that triggered the JCI trading halt today are as follows:
- PT DCI Indonesia Tbk (DCII) down 38.46 points
- PT Barito Renewables Energy Tbk (BREN) down 34.32 points
- PT Chandra Asri Pacific (TPIA) Tbk down 30.45 points
- PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) down 26.28 points
- PT Bank Mandiri (Persero) Tbk (BMRI) down 25.17 points
Underneath, there are still other blue chip issuers, such as PT Bank Central Asia Tbk (BBCA), PT Amman Mineral Internasional Tbk (AMMN), PT Barito Pacific Tbk (BRPT), PT Dian Swastatika Sentosa (DSSA), and PT Pantai Indah Kapuk Dua (PANI).
The JCI trading halt is valid for 30 minutes, until 11:49 a.m. WIB, and can continue for another 30 minutes if the decline exceeds 10% today.
Once trading reopened, the JCI seemed to be still falling to its lowest point today at 6,024.69 at 11:55 am. Fortunately, by 11:59 am, the JCI rose to 6,080.49, although it still closed 6.09% lower than today's opening position at 6,455.69. (ZH/LM)