The Jakarta Composite Index (JCI) ended Wednesday’s trading session (May 20) in the red, mirroring the bearish sentiment observed across major Asian stock markets. According to data from Stockbit, the index retreated as investors exercised caution throughout the day.
The JCI concluded the session down by 52.18 points, or 0.82%, settling at 6,318.5. The LQ45 index followed a similar downward trajectory, declining by 0.65% to close at 630.677. Market activity remained robust, with a total transaction value reaching IDR 21.59 trillion, supported by a trading volume of 40.22 billion shares across 2.47 million transactions.
Market Movers: Top Gainers and Losers
Despite the broader market decline, several stocks saw significant gains. The top performers included LCKM, which surged 29.33% to 194, followed by SURE with a 24.89% increase to 2,960. APIC also posted strong results, climbing 24.81% to 1,610, while INTD and MORA rose by 24.35% and 19.75%, respectively.
Conversely, the list of top losers was led by RELI, which fell 15.00% to 510. TPIA followed with a 14.74% correction to 2,660, while WBSA, ASPR, and SMMT also experienced notable pullbacks, recording declines of 14.67%, 14.66%, and 14.59% respectively.
Activity Metrics: Value and Volume
In terms of transaction value, BUMI led the market with a total turnover of IDR 1.88 trillion. It was followed by major banking stocks, including BMRI (IDR 1.30 trillion) and BBCA (IDR 1.16 trillion). BRPT and BBRI rounded out the top five with values of IDR 838.94 billion and IDR 837.91 billion, respectively.
Regarding trading volume, BUMI again topped the charts with 106.01 million shares traded. Other heavily traded stocks included BIPI (16.04 million shares), DEWA (13.99 million shares), BNBR (12.68 million shares), and ASPR (10.47 million shares).
Currency Performance
In contrast to the equity market, the Indonesian Rupiah showed strength during the afternoon session. The currency closed at IDR 17,600 per US dollar, representing a significant appreciation of 114 points or 0.644% from its morning opening level of IDR 17,714.
Regional Market Outlook
Broadly, Asian markets followed the negative trend, with most major indices closing in negative territory, as reported by Stockbit and Yahoo Finance:
- Japan’s Nikkei 225 index declined 1.23% to 59,804.41.
- The Hang Seng index in Hong Kong fell 0.57% to 25,651.12.
- China’s SSE Composite index shed 0.18% to 4,162.18.
- The Straits Times index in Singapore dipped 0.51% to 5,046.30.
Summary
The Jakarta Composite Index (JCI) declined by 0.82% to close at 6,318.5 on May 20, reflecting a broader bearish trend across major Asian stock markets. Despite the overall market downturn, high transaction activity was recorded with a total value of IDR 21.59 trillion. While several individual stocks saw significant gains, the index was weighed down by notable losses in various sectors.
In contrast to the equity market decline, the Indonesian Rupiah strengthened, appreciating by 0.644% to reach 17,600 against the US dollar. Major market activity was driven by high-turnover stocks like BUMI, BMRI, and BBCA. Regional performance remained weak, with indices in Japan, Hong Kong, China, and Singapore all finishing the session in negative territory.