- VIVAnews/Tri Saputro
VIVAnews - Market capitalization in the Indonesia Stock Exchange (IDX) has plunged by nearly Rp100 trillion in one day. The Friday trade (September 23) recorded Rp3,097 trillion of value, while yesterday's trade displayed the latest value at Rp2,998 trillion.
"Share prices fail to proceed with earlier rebound on Friday following the significant decline in index," said an analyst at PT Panin Sekuritas, Purwoko Sartono.
Based on IDX data, the market capitalization on yesterday's trade fell 3.1 percent compared to the day earlier of Rp3,097 trillion. The decrease was due to high stock sales, causing the index to crumble by 110.2 points to 3,316.13.
As of the beginning of the year, the composite stock price index in the domestic market has let up 10.46 percent. "The weakening index is affected by the European debt crisis," he said.
However, yesterday's panic selling finally dwindled following a rise in share prices in European markets.
"We are expecting that the index today will still be volatile," he said.
Foreign investors recorded purchases by Rp1.86 trillion yesterday and sales by Rp1.97 trillion, leading to a net selling of Rp115 billion.
Pembongkaran Pasar Kutabumi Diwarnai Kerusuhan, Sejumlah Orang Mengalami Luka-luka
Pembongkaran Pasar Kutabumi, Kecamatan Pasar Kemis, Kabupaten Tangerang, kembali diwarnai kerusuhan, Jumat, 19 April 2024.
