{
    "success": true,
    "data": {
        "id": 1211607,
        "msgid": "share-prices-drop-185-percent-on-jsx-1447893297",
        "date": "1995-08-21 00:00:00",
        "title": "Share prices drop 18.5% percent on JSX",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Share prices drop 18.5% percent on JSX JAKARTA (JP): Share prices closed lower amidst consolidation on the Jakarta Stock Exchange last week, with its composite index dropping 18.5 points (3.6 percent) from the week's opening of 519.18 to close at 500.65. The market was closed on Thursday, due to the Indonesian Independence Day. The overall sentiment was weak, having been deteriorated by falls in the regional bourses throughout the week.",
        "content": "<p>Share prices drop 18.5% percent on JSX<\/p>\n<p>JAKARTA (JP): Share prices closed lower amidst consolidation<br>\non the Jakarta Stock Exchange last week, with its composite index<br>\ndropping 18.5 points (3.6 percent) from the week's opening of<br>\n519.18 to close at 500.65.<\/p>\n<p>The market was closed on Thursday, due to the Indonesian<br>\nIndependence Day.<\/p>\n<p>The overall sentiment was weak, having been deteriorated by<br>\nfalls in the regional bourses throughout the week. There were<br>\nbouts of selling seen across the board with support only on few<br>\nselective blue-chip consumer stocks.<\/p>\n<p>The release of several positive first-half corporate results<br>\nfailed to boost sentiment. The market which has risen well above<br>\nits support level of 500, seemed to run out of steam. Most large<br>\ncapped and blue-chip stocks have been over-bought for quite<br>\nsometime. The problem lay in a lack of availability of first-line<br>\nstocks which were liquid and undervalued.<\/p>\n<p>This week, the market will likely continue to weaken. Although<br>\nwe expect that further release of positive first-half corporate<br>\nresults should lend limited support.<\/p>\n<p>Local players were very active last week, with a particular<br>\nfocus on the financial sector. The counters which were actively<br>\ntraded included Astra International, Surya Hidup Satwa,  SMART<br>\nCorp, Bimantara Citra, Gadjah Tunggal, Barito Pacific, Indah<br>\nKiat, Dharmala Intiland, Summarecon and PSP.<\/p>\n<p>Foreign investors took the sidelines and dominated the selling<br>\non the market. Counters which saw active foreign trading included<br>\nAstra International, Surya Hidup Satwa, SMART Corp, Bimantara<br>\nCitra, Matahari Putra Prima, Bakrie Brothers, Gadjah Tunggal,<br>\nEnseval Putera M, Barito Pacific, Indosat, Indah Kiat and BDNI.<\/p>\n<p>Average daily turnover on the regular board decreased to 18.2<br>\nmillion shares worth Rp 61.8 billion (US$27.3 million) last week<br>\nfrom 20.8 million shares worth Rp 66.6 billion the previous week.<br>\nTotal turnover for the week decreased to 147.0 million shares<br>\nvalued at Rp 546.9 billion from 168.2 million shares valued at Rp<br>\n572.6 billion the previous week.<\/p>\n<p>Some of last week's best performers were Darya-Varia Lab. (up<br>\nRp 1,000), BAT (up Rp 550), KIA (up Rp 450), Aneka Kimia Raya (up<br>\nRp 300) and Matahari PP (up Rp 225). The biggest losers were<br>\nMayora Indah (down Rp 1,750), Gudang Garam (down Rp 1,700),<br>\nModern Photo (down Rp 750), Indosat (down Rp 525) and Tjiwi Kimia<br>\n(down Rp 475).<\/p>\n<p>Losers outnumbered gainers by 110 to 26, while 26 counters<br>\nremained unchanged.<\/p>\n<p>-- Sigma Batara<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/share-prices-drop-185-percent-on-jsx-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}