IDEX Rises Despite Jokowi's Imposition of Emergency PPKM

President Joko Widodo (Jokowi) announced the implementation of Emergency Community Activity Restrictions (PPKM Darurat). However, the performance of the Jakarta Composite Index (JCI) was unaffected by this policy. The JCI closed up 0.34% to 6,005.96 today.

Maximilianus Nico Demus, Director of Research and Investment at Pilarmas Investindo Sekuritas, explained that the situation is not alarming because the essential sectors are still allowed to have 50% of their employees come to the office, thus not disrupting the economic momentum. Similarly, Janson Nasrial, SVP Research at Kanaka Hita Solvera, explained that the policy is not worrying the market because the government is not implementing a full lockdown.

For information, today's trading volume recorded 1.2 million transactions, 16.6 billion shares traded, and a transaction value of Rp 10.8 trillion. In addition, 259 stocks weakened, 215 strengthened, and 163 were stagnant. MASB was the top loser, closing down 6.9%, while the top gainer was TMAS, which strengthened by 24.58%.

Today, foreign investors made net sales of Rp 55.04 billion in the regular market. Meanwhile, in the negotiation and cash markets, net sales reached Rp 171.87 billion. As a result, foreign investors made net sales across all markets totaling Rp 226.91 billion.