Major Bank Shares Rout Together Today

Jakarta, CNBC Indonesia – Major bank shares collectively plummeted at Friday’s close, with most large-cap banks closing in the red amid heavy selling pressure. The Jakarta Composite Index (IHSG) initially surged 87.69 points (1.43%) to 6,217.88 in the first session, but closed 2.8 points (0.05%) lower at 6,127.38, extending corrections since the pre-Idul Adha trading period. Trading value today reached a massive Rp50.15 trillion with 47.21 billion shares exchanged across 2.38 million transactions, marking one of the highest turnover figures in exchange history. Bank Tabungan Negara (BBTN) suffered the steepest drop among bank stocks, falling 5.22% to 1,270. Bank Central Asia (BBCA) also saw heavy selling pressure, declining 4.60% to 5,700 with a trading value of Rp5.82 trillion. Bank Rakyat Indonesia (BBRI) weakened 3.91% to 2,950 on Rp3.19 trillion in trades, while Bank Negara Indonesia (BBNI) fell 3.65% to 3,700. Bank Mandiri (BMRI) dropped 1.21% to 4,080, while private banks including Danamon (BDMN), Pan Indonesia (PNBN), and Maybank Indonesia (BNII) also closed in the red. Amid the banking sector’s pressure, only a few shares managed to rise. Bank Syariah Indonesia (BRIS) led gains with a 2.59% increase to 1,980, followed by Permata Bank (BNLI) up 0.97% and CIMB Niaga (BNGA) rising 0.31%. The top five bank stocks by decline today were: 1. Bank Tabungan Negara (BBTN): -5.22% to 1,270 2. Bank Central Asia (BBCA): -4.60% to 5,700 3. Bank Rakyat Indonesia (BBRI): -3.91% to 2,950 4. Bank Negara Indonesia (BBNI): -3.65% to 3,700 5. Danamon Indonesia (BDMN): -1.69% to 4,660