The Jakarta Composite Index (JCI) faced downward pressure during Monday’s (May 11) first trading session, closing in the red. Market data from Stockbit indicates that the index fell by 79.12 points, or 1.14%, settling at the 6,890.27 level.
Trading activity remained substantial throughout the session, with a total transaction value reaching Rp11.45 trillion. This movement was supported by a trading volume of 24.18 billion shares across 1.70 million transactions. Meanwhile, in the foreign exchange market, the Indonesian Rupiah weakened by 38 points, or 0.22%, against the US Dollar, closing at Rp17,420 per USD.
Despite the broader market decline, several individual stocks saw significant gains. The top performers included LABS (UBC Medical Indonesia), which climbed 55 points (34.16%) to 216, followed by MEDS (Hetzer Medical Indonesia), which rose 36 points (30.77%) to 153. Other notable gainers were IKPM (Ikapharmindo Putramas) with a 29.65% increase, DPUM (Dua Putra Utama Makmur) up by 27.33%, and FIRE (Alfa Energi Investama), which advanced 22.06%.
Conversely, some stocks experienced notable corrections. The top losers list was led by NIKL (Pelat Timah Nusantara), which dropped 15.00% to 340, followed by ASPR (Asia Pramulia) with a 14.91% decline. Other stocks facing sell-offs included SHIP (Sillo Maritime Perdana), MGNA (Magna Investama Mandiri), and ELPI (Pelayaran Nasional Ekalya Purnamasari).
In terms of trading activity, investors focused heavily on large-cap stocks. The top value category was dominated by BMRI (Bank Mandiri) with a turnover of Rp1.12 trillion, followed by BUMI (Bumi Resources) at Rp510.86 billion, and BBCA (Bank Central Asia) at Rp417.90 billion. Rounding out the top five by value were BRPT (Barito Pacific) and BBRI (Bank Rakyat Indonesia).
When measuring by trading volume, PADI (Minna Padi Investama Sekuritas) led the market with 27.02 million shares traded. It was followed by BUMI (Bumi Resources) at 23.99 million shares, GOTO (GoTo Gojek Tokopedia) with 10.20 million shares, BNBR (Bakrie & Brothers) with 9.90 million shares, and MEDS (Hetzer Medical Indonesia) with 9.48 million shares.
Regional market sentiment remained mixed during the first session, according to data from Stockbit and Yahoo Finance:
- Nikkei 225 (Japan): Fell 0.07% to 62,668.22
- Hang Seng (Hong Kong): Dropped 0.29% to 26,318.37
- SSE Composite (China): Rose 0.93% to 4,219.13
- Straits Times (Singapore): Gained 0.31% to 4,937.14
Summary
The Jakarta Composite Index (JCI) declined by 1.14% to settle at 6,890.27 during Monday’s trading session. This downturn occurred alongside a weakening Indonesian Rupiah, which fell 0.22% to reach 17,420 against the US Dollar. Total transaction value for the day reached Rp11.45 trillion, reflecting significant market activity.
While the broader market faced pressure, individual stocks such as LABS and MEDS recorded substantial gains, whereas companies like NIKL and ASPR experienced notable corrections. Investors concentrated their trading efforts on large-cap stocks, with Bank Mandiri leading in total transaction value. Meanwhile, regional market sentiment remained mixed across major Asian stock exchanges.