JAKARTA - The Composite Stock Price Index (JCI) ended trading Thursday (20/3) yesterday in the green zone, with a gain of 1.11% or 70 points to 6,381.57.

Technology stocks surged again, leading the sectoral index gain on Thursday, with a 9.84% increase. This sector had previously plummeted 9.7% on Tuesday (18/3), when trading on the exchange was hit by a trading halt.

The strengthening of the technology sector cannot be separated from the performance of PT DCI Indonesia Tbk (DCII) shares, which became the JCI Top Leaders on Thursday. The shares of the largest data centre issuer in Indonesia, recorded a price increase of 19.99% and 36.66 index points.

Meanwhile, shares of state-owned bank issuers such as PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) and PT Bank Mandiri (Persero) Tbk (BMRI) became Top Laggards, aka JCI ballast. BBRI and BMRI share prices fell 1.35% and 1.28% respectively, and suppressed the JCI performance by 7.68 and 4.36 points.

Although the JCI rallied throughout the trade, selling pressure from foreign investors was still quite dominant, with a net sell of Rp499.34 billion. However, foreign selling pressure has eased, compared to Wednesday's (19/3) trading which reached IDR910.65 billion.

According to data from the Indonesia Stock Exchange (IDX), the performance of the JCI since the beginning of this year is still down 9.86%. Meanwhile, foreign net sell has reached IDR30.83 trillion. (KR/LM)