Jakarta's PSBB Announcement Causes IHSG to Plunge

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Dwi Hadya Jayani 10/09/2020 12:52 WIB
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The Jakarta Composite Index (JCI) opened sharply lower on Thursday's (September 10th) trading session following the Jakarta Provincial Government's announcement of a large-scale social restriction (PSBB) to take effect next Monday. At the opening, the JCI plunged to 5,084.03, down from the previous day's (September 9th) closing of 5,149.38. Subsequently, the JCI's movement declined further, reaching a 5% drop.

Jakarta first implemented PSBB on Monday, April 13, 2020. On Monday, September 13th's closing, the JCI fell 0.54% to 4,623.89. However, its movement subsequently improved until the last day of the PSBB and the transition to a transitional PSBB on June 5, 2020, reaching 4,947.78.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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