Opening the week strong, JCI rebounded at closing

JAKARTA – Jakarta Stock Price Composite Index (JCI) rebounded after slipping to the red zone at mid-day today (19/8). The index finally arrived at 7,442.23 at the closing bell today at 4 PM WIB.

Monitoring the board in its second session, JCI was seen dropping to 7,425.63, its lowest since today’s opening bell at morning session. It was relatively sluggish, unmoving at the red zone after the second session started. However, it finally rebounded and soared to the green zone nearing the closing bell.

JCI’s bullish trend was translated into positive shifts in several other indices, including LQ45 that went up 0.63% to 925.266, IDX30 up 0.80% to 469.986, and IDX80 up 0.63% to 129.281. On the other hand, IDXESGL was relatively bearish, down 0.10% to 165.458.

Several blue-chip stocks were seen riding the uptrend, including PT Bank Mandiri (Persero) Tbk (BMRI), PT Bank Negara Indonesia (Persero) Tbk (BBNI), PT Bank Central Asia Tbk (BBCA), PT Barito Pacific Tbk (BRPT), and PT Amman Mineral Internasional Tbk (AMMN).

On the contrary, some others saw corrections, as seen in PT Telkom Indonesia Tbkm (TLKM), PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Bukit Asama Tbk (PTBA), and PT Chandra Asri Pacific Tbk (TPIA). (LK/ZH)

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