Big Cap Stocks Slump, JCI Opens 0.33% Lower This Morning

The Jakarta Composite Index (JCI) opened lower on Tuesday morning, falling 19.34 points or 0.33% to 5,801.45. Meanwhile, the LQ45 index of 45 leading stocks dropped 4.02 points or 0.70% to 568.99.

Tuesday’s correction continues the negative trend seen in recent sessions. The JCI’s decline was also triggered by the continued fall in big bank stocks, such as BBCA, BBRI, BMRI, and BBNI this morning. The drop was also spurred by weakness in other big-cap stocks, such as EMAS and AMMN.

Conversely, rapid gains hit RSCH shares, which rose 22.88% to Rp 376, DEPO surged 19.81% to Rp 254, and ASPI climbed 16.11% to Rp 422.

On Monday, the JCI closed down 1.28%, or 75.34 points, at 5,820.79. This decline indicated that selling pressure still dominated nearly all stock trading sectors. The majority of sectoral indices ended in the red with varying declines. The heaviest pressure occurred in the infrastructure sector, which fell 1.58%. Below it, the basic materials sector corrected 1.42%, followed by the financial sector, which weakened 1.14%. The transportation sector also closed down 0.90%, while the non-primary consumer goods sector lost 0.80%. The primary consumer goods sector corrected 0.75%.