{
    "success": true,
    "data": {
        "id": 1184966,
        "msgid": "share-prices-plunge-on-jsx-1447893297",
        "date": "1995-09-11 00:00:00",
        "title": "Share prices plunge on JSX",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Share prices plunge on JSX JAKARTA (JP): Share prices closed lower across the board on the Jakarta Stock Exchange (JSX) last week, amid deteriorating sentiment. The JSX composite index closed the week plunging by 12.01 points from the week's opening of 502.004. Lack of fresh incentives and support from foreign investors finally dragged the index below its support level of 500.",
        "content": "<p>Share prices plunge on JSX<\/p>\n<p>JAKARTA (JP): Share prices closed lower across the board on<br>\nthe Jakarta Stock Exchange (JSX) last week, amid deteriorating<br>\nsentiment.<\/p>\n<p>The JSX composite index closed the week plunging by 12.01<br>\npoints from the week's opening of 502.004.<\/p>\n<p>Lack of fresh incentives and support from foreign investors<br>\nfinally dragged the index below its support level of 500. With<br>\nmost foreign investors on the sideline, local investors switched<br>\ntheir focus on the speculative small-capped stocks, trading below<br>\ntheir par value.<\/p>\n<p>Shoe producer Ganda Wangsa saw active trading on takeover<br>\nrumors by Salim Group-owned shoe producer Indosepamas. The rumor<br>\nwas later officially denied by Indosepamas. Rig Tenders also saw<br>\nunusually active trading, following talks that the company had<br>\nsecured a long-term contract with a coal mining company.<\/p>\n<p>Towards the end of the week, sentiment deteriorated further on<br>\nthe news of the country's trade deficit for June. Meanwhile, news<br>\non the low inflation rate for August did little to improve<br>\nsentiment. Over the short-term, there is likelihood of rebound.<\/p>\n<p>Local players were seen active on speculative issues. The<br>\ncounters which were actively traded by them included SMART Corp,<br>\nRig Tenders, BDNI, Mayatexdian, Ganda Wangsa, Roda Vivatex,<br>\nBerlian Laju Tanker, Indah Kiat, Perdana Bangun Pusaka, PSP,<br>\nDharmala Intiland and Surya Hidup Satwa.<\/p>\n<p>Foreign investors were the net sellers during the week. They<br>\nwere responsible for strong selling pressure on large-capped<br>\ncounters such as BDNI, BII, Sinar Mas Multi Artha, Barito and<br>\nSemen Gresik. These counters fell due to uncertainty regarding<br>\ntheir ability to meet their 1995 profit projections. Other<br>\ncounters which saw active foreign trading included SMART Corp,<br>\nBimantara, Gadjah Tunggal, CMNP, Argha Karya and Astra<br>\nInternational.<\/p>\n<p>Average daily turnover on the regular board decreased to 23.6<br>\nmillion shares worth Rp 55.4 billion (US$24.4 million) last week,<br>\nfrom 21.4 million shares worth Rp 55.8 billion in the previous<br>\nweek. Last week's total turnover decreased to 164.5 million<br>\nshares valued at Rp 469.8 billion from 175.8 million shares<br>\nvalued at Rp 531.4 billion in the previous week.<\/p>\n<p>Some of last week's best performers were Trias Sentosa (up Rp<br>\n575), Budi Acid Jaya (up Rp 400), Dynaplast (up Rp 350), Super<br>\nIndah Makmur (up Rp 325) and Jaya Real Property (up Rp 300). The<br>\nbiggest losers were Gudang Garam (down Rp 800), Berlina (down Rp<br>\n775), Bank Int'l Ind. (down Rp 600), KIA (down Rp 550) and<br>\nSumalindo Lestari (down Rp 450). Losers outnumbered gainers by 78<br>\nto 39, while 38 counters remained unchanged.<\/p>\n<p>-- Sigma Batara<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/share-prices-plunge-on-jsx-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}