JAKARTA - The Composite Stock Price Index (JCI) fell 3.95% in trading (17-21 March 2025), to 6,258.18.

A number of shares of banking issuers with jumbo market capitalisation (big banks), again occupied the list of Top Laggards or weights of JCI performance during the week.

PT Bank Central Asia Tbk (BBCA) shares ranked first, with a price decline of 9.71% and 55.29 index points. PT Bank Mandiri (Persero) Tbk (BMRI) was next, with a 6.96% decline in share price and 29.48 index points.

Other big bank stocks that weighed on the JCI were PT Bank Negara Indonesia Tbk (BBNI) dan PT Bank Rakyat Indonesia Tbk (BBRI). BBNI's share price fell 14.9% and BBRI's 1.33% during the week, causing a decline of 39.48 and 7.68 index points.

Amid the bearish trend in the Indonesian stock market, foreign investors again recorded a net sell of IDR 7.13 trillion during the week. Last week's net sell almost doubled, compared to the previous week's net sell of IDR3.69 trillion.

According to data compiled by IDNFinancials.com, the decline in the JCI last week caused the market capitalisation of all stocks on the Indonesia Stock Exchange (IDX) to fall by 3.86% or Rp413 trillion, to Rp10,882 trillion. (KR/LM)