Share prices weaken across the board on JSX
JAKARTA (JP): Sporadic selling throughout last week continued to weaken share prices across the board. As predicted, the Jakarta Stock Exchange (JSX) Composite Index broke the 500 points psychological support level, closing lower for a third week at 497.97, down 14.6 points from the previous week's close.
Despite the Fed's announcement that it would not currently raise the short-term interest rate, the worries remained as many see rate increases before the end of the year as inevitable. Many investors remained sidelined while others were still liquidating their position for the upcoming issues in October. The end of the week saw share prices closed mixed, as the index slightly rebounded from the preceding day's close. However, several market heavyweights such as Barito, Astra International and Indocement closed lower, indicating the potential downside for the index. Overall, sentiment will remain weak. However, selective buying by foreign investors will stay with the market projected to move sideways for another week.
The daily turnover on the regular board decreased to 5.95 million shares worth Rp 23.45 billion (US$10.75 million) from 7.91 million shares worth Rp 31.40 billion in the previous week. Total turnover for the week also decreased to 58.70 million shares valued at Rp 275.45 billion from 115.15 million shares valued at Rp 452.94 billion in the previous week.
Local investors largely exercised profit taking during the week. They were seen concentrating on counters such as Ganda Wangsa, Gadjah Tunggal, Inco, Indah Kiat, Hadtex, Pan Brothers, Astra International and Bank Danamon.
Foreign investors remained sidelined. Those who came in took profits early in the week in anticipation of the Fed's decision to raise the interest rate. Others bought selectively into bargain counters which had recently saw sharp corrections. Counters which saw large foreign activities were Lippo Land, Indocement, BDNI, Barito, Sampoerna, Kalbe Farma and Indocement.
Some of the best performers last week were Metro Supermarket (up Rp 1,450), Lippo Life (up Rp 600), Kabelindo (up Rp 500), Dynaplast (up Rp 450) and Panin Insurance (up Rp 350). The biggest losers were Panin Life (down Rp 1,300), Barito Pacific (down Rp 575), Tembaga Mulia (down Rp 500), Lippo Land, Kalbe Farma and Indocement (down Rp 450 each). Losers outnumbered gainers by 81 to 31, while 30 remained unchanged.
-- Sigma Batara
MARKET AS OF SEPT. 30, 1994
PER PER P/BV
Price Previous Change Volume Value 1993 1994 FY93
week
Company Name (Rp.) (Rp) (+/-Rp) (Shares) (Rp) (x) (x) (x)
ABDA ''' 1500 1500 0 0 0 36.4 19.7 0.70
Ades Alfindo PS ''' 2775 2625 150 115,000 317,175,000 n/a 10.4 1.34
AHAP Ins. ''' 3450 3450 0 0 0 18.9 10.7 2.00
ALKASA ''' 1200 1200 0 0 0 41.7 21.5 1.16 **^
Aqua Golden ''' 4300 4300 0 0 0 9.7 8.8 1.82
Andayani Megah ' 4475 4725 -250 106,000 487,100,000 26.1 9.4 1.97 **^
Anwar Sierad ''' 4175 4175 0 534,000 2,236,950,000 23.4 11.3 1.67
Argha Karya PI ' 3100 3175 -75 232,500 734,825,000 26.2 14.7 1.87 **^
Argo Pantes ''' 2725 2750 -25 19,500 53,450,000 78.7 26.5 1.21 **^
Aster Dharma ''' 1100 1125 -25 2,000 2,200,000 31.7 10.7 0.67
Astra Graphia ''' 4500 4500 0 0 0 13.3 11.3 0.98 **^
Astra Internat. ' 3475 3575 -100 731,000 2,572,825,000 29.3 17.7 1.91 **^
Asur Bintang ''' 2700 2450 250 2,500 6,750,000 20.6 17.7 0.89 **^
Asur Dayin M ''' 2400 2400 0 0 0 12.2 10.7 1.28 **^
Asur Ramayana ''' 5200 5250 -50 0 0 17.4 7.4 1.94 **^
Bakrie Bros '' 6900 6800 100 25,000 169,675,000 12.9 14.1 14.36 **^
Bakrie Sum Pl ''' 3200 3375 -175 34,000 112,175,000 10.3 7.8 0.81
Bank Bali ''' 5950 5950 0 4,500 26,775,000 21.1 16.1 3.22 **^
Bank BIRA ''' 2450 2450 0 124,000 303,987,500 n/a 11.6 2.59 **^
Bank Danamon ' 2950 3000 -50 239,000 700,287,500 27.8 17.5 1.82 **^
Bank Duta ''' 2475 2500 -25 144,000 365,962,500 27.6 14.7 1.28 **^
Bank Int. Ind. ' 7000 7000 0 24,000 168,000,000 24.3 14.7 2.74 **^
Bank Mashill '' 2125 2000 125 190,500 380,912,500 n/a 7.6 1.17 **^
Bank Niaga ''' 9000 9150 -150 346,500 3,169,525,000 20.2 13.1 2.12 **^
Bank Papan '' 2550 2575 -25 148,500 382,312,500 n/a 14.1 1.47 **^
Bank PDFCI ''' 2400 2375 25 38,000 91,075,000 16.2 10.9 1.27 **^
Bank Rama ''' 2375 2375 0 7,000 16,625,000 n/a 12.4 3.14 **^
Bank Surya ''' 2950 2950 0 0 0 21.3 15.2 1.92 **^
Bank Tiara '' 3950 4100 -150 32,000 127,062,500 28.8 14.7 2.25 **^
Bank Umum Nas. ''' 2700 2800 -100 500 1,350,000 20.9 12.3 1.56 **^
BAT ''' 4800 4800 0 0 0 9.8 6.3 1.74
Barito Pacific ' 3175 3750 -575 3,043,000 10,052,612,500 28.9 22.3 2.45
Bayer Ord. ''' 2200 2300 -100 0 0 6.5 4.2 1.06 **^
Bayer Pref. ''' 2300 2300 0 0 0 0.0 0.0 0.00
Bayu Buana ''' 3400 3425 -25 325,000 1,100,625,000 50.7 9.1 1.89 **^
BBL Dharmala ''' 4250 4275 -25 24,000 103,100,000 12.0 15.1 3.50 **^
BDNI ' 3700 3675 25 1,360,500 5,045,275,000 28.6 15.2 1.74 **^
Berlian Laju Tanker 1900 2000 -100 155,000 287,000,000 21.9 8.0 0.98 **^
Berlina ''' 2250 2000 250 5,000 11,250,000 21.8 11.3 1.23 **^
Bintang Kharisma ' 2950 2950 0 7,000 20,550,000 n/a 9.8 3.83 **^
Branta Mulia ''' 3600 3600 0 42,500 148,737,500 26.7 22.3 2.39 **^
Bumi Modern ''' 1700 1700 0 0 0 30.9 17.0 0.72
Bunas Finance ''' 2475 2400 75 10,000 24,000,000 16.8 15.3 4.03 **^
Centex ''' 1725 2000 -275 17,000 30,200,000 4.3 1.7 0.35 **^
CP Indonesia ''' 9650 9500 150 26,500 251,850,000 17.7 14.8 4.59 ^^*
Cipendawa ''' 3175 3150 25 78,500 248,525,000 18.2 11.3 1.97 **^
Ciputra Development 6400 6500 -100 442,500 2,827,425,000 n/a 16.0 2.85 **^
Citra Tubindo ''' 3700 3700 0 0 0 n/a n/a 4.45
Clipan Finance ''' 4700 4700 0 0 0 12.6 8.8 1.54 ^^*
Concord Benefit '' 4600 4600 0 0 0 17.8 12.2 2.27
CP Prima ' 2900 2900 0 76,500 220,537,500 33.7 13.5 1.64 **^
Dankos Labs. ''' 11250 11250 0 75,000 843,750,000 18.5 31.1 6.51 **^
Delta Djakarta ''' 5000 5000 0 1,000 5,000,000 8.5 5.8 1.86 **^
Dharmala Inti. ' 3050 3200 -150 724,000 2,286,162,500 43.2 13.7 2.25 **^
Dharmala Sak.Sej. 1900 2000 -100 683,000 1,201,137,500 17.7 14.2 2.22 **^
Dharmindo Adhiduta 900 975 -75 15,500 14,425,000 266.7 64.8 0.54
Duta Anggada ' 3800 4025 -225 1,477,500 5,916,825,000 78.5 12.9 1.70 **^
Duta Pertiwi ''' 1725 1725 0 0 0 12.9 6.8 1.14 **^
Dynaplast ''' 5150 4700 450 35,000 175,750,000 22.1 24.0 1.87 **^
Ekadharma ''' 4700 4700 0 0 0 15.7 35.0 2.94 **^
Enseval Putera M '' 7450 7850 -400 18,500 137,825,000 n/a 22.4 7.33 **^
Eratex Djaja ''' 1000 1200 -200 0 0 17.0 6.8 0.76 **^
Ever Shine Textile 2475 2725 -250 30,000 74,825,000 16.3 14.8 3.16 **^
Fast Food Indonesian 4000 4200 -200 72,000 288,000,000 27.0 19.2 3.45
Ficorinvest Bank ' 3225 3350 -125 2,500 8,062,500 23.2 8.3 0.93 ^^*
Gajah Surya ' 1525 1525 0 500,500 761,700,000 21.6 30.8 3.68
Gadjah Tunggal ' 3725 3800 -75 947,500 3,637,550,000 32.1 16.0 1.49 **^
Ganda Wangsa Utama 1400 1400 0 2,243,500 3,277,737,500 21.3 7.8 1.19 **^
Goodyear ''' 5900 5900 0 0 0 7.9 7.5 2.05
Great Gold Star '' 9900 9900 0 0 0 n/a 122.8 4.12 ***
Great River ' 1900 1850 50 453,500 833,487,500 28.4 12.7 1.03 **^
Gudang Garam '' 11900 12000 -100 258,000 3,098,750,000 26.7 31.0 3.52 **^
Hadtex ' 1250 1300 -50 745,500 944,875,000 25.1 9.9 0.66 **^
Hero Super ' 5025 5000 25 200,000 1,000,050,000 52.5 30.5 3.34 **^
HM Sampoerna ' 9250 10200 -950 903,500 8,536,425,000 21.9 24.4 5.83 **^
Hotel Prapatan ''' 1800 1850 -50 200,000 360,000,000 38.3 11.9 1.44 **^
H. Sahid Jaya ''' 1850 1875 -25 11,000 16,850,000 41.0 19.7 1.32 **^
Igar Jaya ''' 1100 1100 0 0 0 55.9 24.1 1.01 **^
IKI Kabel Ind. ''' 2250 2275 -25 33,000 73,550,000 41.4 21.9 1.88 **^
INCO ' 4050 4125 -75 133,000 540,262,500 19.3 17.6 1.06 **^
Indah Kiat ' 2625 2650 -25 401,500 1,051,487,500 32.9 31.9 2.42 **^
Indocement ''' 8100 8550 -450 326,500 2,756,925,000 29.5 27.0 4.97 **^
Indocitra ''' 1400 1400 0 0 0 38.8 15.1 0.66
Indofood SM ''' 9000 9150 -150 236,000 2,123,712,500 n/a 26.9 20.15
Indorama '' 8800 8700 100 71,000 625,050,000 14.1 13.5 3.06 **^
Indorayon ' 5600 5500 100 47,000 257,700,000 30.1 33.7 3.15 **^
Indosepamas ''' 3200 3300 -100 21,000 67,200,000 9.4 8.5 1.16 **^
Indospring ''' 1700 2000 -300 500 850,000 27.5 13.5 1.45 **^
Indovest Bank ''' 1400 1400 0 0 0 19.7 8.0 1.18 **^
Intan Wijaya ''' 1275 1325 -50 52,000 66,562,500 20.4 6.7 0.90 **^
Inter Delta ''' 2550 2600 -50 5,500 13,900,000 22.8 22.6 2.03 **^
Inter Pacific Bank 2400 2400 0 36,000 86,400,000 16.2 7.5 1.23 **^
Intinusa Selareksa 3250 3275 -25 15,500 51,025,000 n/a 13.1 4.61
Intraco Penta ''' 3000 3000 0 0 0 38.9 11.0 1.66 **^
Itamaraya ''' 2750 2750 0 0 0 110.9 162.6 2.09 **^
Jakarta Int. H. ' 3050 3025 25 175,000 533,037,500 58.8 93.4 0.79 **^
JAPFA ' 3275 3150 125 1,183,000 3,881,387,500 16.7 13.4 1.54 **^
Jaya Pari Steel '' 2300 2300 0 15,500 34,900,000 11.0 13.3 0.75 **^
Jaya Real Property 7900 7700 200 43,000 331,237,500 n/a 20.4 9.17
Jembo Cable ''' 3500 3500 0 0 0 34.8 27.9 2.87 **^
Kabel Metal ' 3450 3500 -50 219,500 763,075,000 33.8 17.6 2.47 **^
Kabelindo ''' 8500 8000 500 5,500 46,000,000 18.6 9.3 2.10 **^
Kalbe Farma ' 8500 8950 -450 246,000 2,086,700,000 35.5 30.9 6.11 **^
Kedaung Indah ''' 3300 3400 -100 18,000 58,562,500 27.8 14.7 2.19 **^
Kurnia Kapuas '' 1150 2350 -1,200 0 0 10.1 2.4 0.39 **^
Lionmesh ''' 1500 1500 0 1,000 1,500,000 13.6 6.5 0.91
Lion Metal ''' 1825 2000 -175 4,000 7,587,500 8.9 6.4 1.13
Lippo Bank ' 6500 6850 -350 126,500 837,175,000 32.1 20.6 2.97 **^
Lippo Industries ' 4900 5300 -400 14,000 70,500,000 14.7 8.1 0.60 **^
Lippo Land ''' 5000 5450 -450 796,500 4,114,950,000 18.8 38.6 3.11 **^
Lippo Life ''' 5500 4900 600 17,500 87,950,000 18.3 58.9 12.61 **^
Lippo Pacific ''' 3200 3200 0 0 0 14.4 11.2 2.58 **^
Lippo Securities ' 7500 7500 0 8,000 58,050,000 n/a 12.3 10.26
Marein ''' 900 900 0 0 0 15.8 10.9 0.72 **^
Mas Murni ' 1325 1325 0 178,000 236,462,500 n/a 6.2 0.84 **^
Matahari Putra Prima 4700 4675 25 388,500 1,800,325,000 26.6 24.8 3.77 ^^*
Mayatexdian ' 725 725 0 89,500 64,775,000 n/a 49.3 0.52 **^
Mayertex ''' 5500 5500 0 0 0 531.8 60.5 3.80 **^
Mayora Indah '' 11500 11700 -200 400,000 4,600,250,000 45.3 27.1 2.95 **^
Merck ''' 12500 12500 0 0 0 9.7 7.5 5.86 **^
Metrodata Elec. '' 2275 2275 0 12,000 27,025,000 11.5 4.6 0.81 **^
Metro Supermarket '' 6950 5500 1,450 2,500 17,375,000 28.5 14.7 2.65
Bakrie Finance Corp. 2400 2500 -100 1,000 2,200,000 37.2 103.3 2.31 **^
Modernbank ''' 2200 2225 -25 30,000 65,612,500 n/a 13.2 2.45
Modern Photo ''' 12200 12400 -200 0 0 28.3 32.2 7.44 ^^*
Modernland Realty ' 7900 7900 0 39,000 308,100,000 41.4 15.1 2.95
Mulia Industrindo ' 6200 6450 -250 113,000 695,100,000 n/a 22.7 3.46 **^
Mulialand ''' 2550 2900 -350 83,000 226,000,000 n/a 13.5 2.37 **^
Multibreeder Adirama 3700 3400 300 186,500 663,200,000 n/a 10.9 2.17 **^
Multi Bintang ''' 8000 8000 0 1,000 8,000,000 5.6 5.8 2.40 **^
Multipolar ' 2175 2125 50 53,500 112,425,000 18.8 13.3 1.02 **^
Nipress ''' 5400 5400 0 0 0 27.2 23.5 2.42
Ometraco Fin. ''' 3100 3100 0 0 0 48.0 9.1 0.98 **^
Ometraco Realty ''' 2100 2100 0 300,000 630,000,000 n/a 13.2 2.66 **^
Pakuwon Jati ' 2450 2500 -50 70,000 174,362,500 52.1 24.6 2.95
Pan Brothers ' 1125 1150 -25 688,500 785,712,500 n/a 6.8 1.20 **^
Panca Wiratama ''' 5500 5500 0 0 0 n/a 28.4 2.12 **^
Panin Bank ''' 2925 3000 -75 24,000 69,650,000 26.5 16.3 1.96 **^
Panin Insurance '' 1600 1250 350 500 625,000 13.8 9.7 1.14 **^
Panin Life ''' 2700 4000 -1,300 1,000 3,000,000 12.0 11.9 1.05
Perdana Finance '' 2425 2450 -25 40,000 98,062,500 n/a 14.4 1.99 **^
Petrosea ''' 7800 8000 -200 4,500 34,900,000 3.8 3.5 0.80 **^
Plaza Indonesia '' 1700 1700 0 0 0 46.3 17.1 1.14 **^
Polysindo ''' 4100 4100 0 2,500 9,650,000 15.0 10.5 1.77 **^
Pool Asuransi INA 3800 3800 0 0 0 135.7 33.0 4.02
Prima Alloy ''' 1150 1275 -125 6,000 7,350,000 25.0 12.8 0.80 **^
P&G Indonesia ''' 13000 13000 0 0 0 11.0 3.2 2.81
Pujiadi & Sons ''' 4300 4300 0 0 0 28.8 28.4 2.87
Putra Sejahtera P. ' 4900 4925 -25 525,000 2,573,125,000 n/a 14.5 2.03 **^
Putra Surya Perkasa 3175 3200 -25 1,549,000 4,977,975,000 n/a 14.2 1.71 **^
Rig Tenders ' 725 750 -25 33,000 24,387,500 7.7 4.7 0.49
Rimba Niaga ''' 1600 1600 0 0 0 n/a n/a 2.32
Roda Vivatex ''' 4000 4000 0 0 0 6.3 10.2 1.17 **^
Sarasa Nugraha''' 2500 2500 0 0 0 10.6 14.5 1.83 **^
Sari Husada ''' 10000 10000 0 1,000 10,000,000 33.4 17.1 6.80 ***
Schering Plough '' 6700 6700 0 0 0 7.7 5.3 2.00 **^
Sekar Bumi ' 3100 3175 -75 173,500 540,350,000 20.5 14.1 3.20 **^
Sekar Laut ''' 6000 6000 0 0 0 33.4 15.8 2.67 **^
Semen Cibinong ''' 5900 6000 -100 10,000 59,550,000 26.3 23.5 1.95 **^
Semen Gresik ''' 7100 6775 325 1,500 10,650,000 24.4 26.0 1.54 **^
Sepatu Bata ''' 3850 3850 0 0 0 7.3 3.5 1.51
SMART Corp. ' 3675 3650 25 335,000 1,230,037,500 27.0 17.9 2.71 **^
Soedarpo ''' 950 1000 -50 20,500 20,275,000 29.9 9.3 0.59 **^
Sona Topas ''' 7100 7100 0 0 0 22.4 20.2 5.00 **^
SORINI CORP ''' 8900 8900 0 0 0 26.9 21.5 6.25
Suba Indah ''' 4500 4450 50 2,000 9,000,000 27.6 16.9 2.68 **^
Squibb ''' 5700 5700 0 0 0 7.9 9.2 1.68 **^
SS Gas ''' 2750 2750 0 0 0 n/a 22.5 1.72
Steady Safe ''' 3900 4225 -325 0 0 n/a 10.9 4.71
SUCACO ''' 6300 6300 0 0 0 16.9 11.4 1.35
Sumalindo Lestari 6900 7100 -200 359,500 2,501,750,000 n/a 21.7 3.96
Summarecon ''' 4000 4000 0 8,000 32,137,500 20.2 14.1 2.22
Super Indah Makmur 2000 2000 0 0 0 n/a 21.2 1.52 **^
Super Mitory ''' 1400 1475 -75 51,500 72,575,000 20.1 7.9 0.85 **^
Surabaya Agung ' 2350 2550 -200 97,500 236,487,500 35.5 13.2 1.14 **^
Surya Toto ''' 7650 7650 0 0 0 22.7 15.4 3.01 **^
Tamara Bank ''' 1975 1975 0 0 0 6.4 10.4 1.19 **^
Tancho Indonesia ' 6200 5950 250 0 0 11.3 9.8 1.06 **^
Tembaga Mulia ''' 4500 5000 -500 1,000 4,500,000 10.6 5.8 0.96
Tempo Scan Pacific 11700 11700 0 58,500 684,450,000 n/a 27.8 3.93 **^
Texmaco Jaya ''' 4125 4125 0 0 0 n/a 11.1 1.99 **^
Texmaco Perkasa ''' 3100 3100 0 0 0 5.6 24.7 2.48 **^
Textronic ''' 3700 3700 0 0 0 246.6 164.4 2.01 ***
TIFICO ''' 3000 3000 0 0 0 10.1 62.0 0.52 **^
Tigaraksa ''' 9000 9200 -200 0 0 27.4 22.1 4.18 **^
Tira Austenite ''' 5000 5000 0 0 0 15.2 15.9 3.52 **^
Dharmala Agrifood ' 1450 1450 0 35,000 50,175,000 16.5 26.2 2.25 **^
Tjiwi Kimia ' 5300 5650 -350 394,500 2,138,012,500 21.4 12.8 2.41 **^
Toko Gunung Ag. '' 1800 1800 0 0 0 20.5 5.6 1.05 **^
Trafindo Perk. ''' 2075 2075 0 25,000 51,875,000 14.0 10.0 1.12 **^
Trias Sentosa '' 4600 4500 100 1,500 6,900,000 16.3 16.9 2.32 **^
Ugahari ''' 2750 2750 0 0 0 n/a 29.7 1.72 **^
Ultra Jaya ''' 6000 6000 0 0 0 26.3 59.3 6.01 **^
Unggul Indah ' 3100 3200 -100 246,500 785,725,000 19.0 13.2 1.93 **^
Unilever ''' 39000 39000 0 34,000 1,326,000,000 35.4 32.3 14.58 **^
United Tractors ' 5525 5650 -125 67,000 372,462,500 24.4 19.3 2.42 **^
Voksel Electric '' 4000 4000 0 0 0 52.1 16.6 2.90
Wicaksana OI ''' 5250 5125 125 395,000 1,979,125,000 n/a 29.1 7.23
Zebra Nusantara '' 1400 1400 0 29,500 41,300,000 8.9 8.6 1.20
_______________________________________________________________________________________________________
AVERAGE 25.7 19.1 3.22
_______________________________________________________________________________________________________
Volume Value
Regular transactions 29,732,500 117,232,200,000 ' Liquid stock
Block sale 400,000 2,260,000,000 " Semi liquid stock
Crossing transactions 25,585,472 139,165,725,225 ''' Illiquid stock
Transactions over foreign portion 2,966,000 16,723,300,000 ^ FY92
Odd lot transactions 1,489 33,989,000 ^* 1Q93
Cash trading 18,500 37,975,000 ** 1H93
Total transactions 58,703,961 275,453,189,225 *** 3Q93
^^* 1Q94
Rights transactions 0 0 **^ 1H94