Flooring Guide by Cinvex JAKARTA — The Jakarta Composite Index (JCI) experienced a significant downturn this past week, retreating by 4.63%. Amidst the broader market volatility, a specific set of stocks stood out as primary drivers of index performance, acting as either top leaders or major laggards.
Leading the pack of top performers was PT Mora Telematika Indonesia Tbk. (MORA), which contributed 50.04 points to the JCI. The stock surged by 59.24% over the week, supported by a free float market cap (MCFF) of IDR 60 trillion. Securing the second spot, PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) added 42.34 points, climbing 9.03% with an MCFF of IDR 228.04 trillion. Not far behind, PT Bank Central Asia Tbk. (BBCA) rounded out the top three, providing a 30.45-point lift with a 5.56% price increase and an MCFF of IDR 258.04 trillion.
Other key contributors included PT Bank Mandiri (Persero) Tbk. (BMRI) and PT Telkom Indonesia (Persero) Tbk. (TLKM). BMRI rose 5.47%, adding 18.78 points, while TLKM gained 5.34%, contributing 15.66 points. Furthermore, PT Barito Pacific Tbk. (BRPT) and PT DCI Indonesia Tbk. (DCII) also bolstered the index; BRPT climbed 11.72% for a 12.10-point contribution, and DCII advanced 5.42%, adding 10.66 points. Rounding out the list, PT Sumber Alfaria Trijaya Tbk. (AMRT), PT Bank Negara Indonesia (Persero) Tbk. (BBNI), and PT Sinar Mas Multiartha Tbk. (SMMA) provided additional stability with gains that contributed 6.13, 4.53, and 4.51 points respectively.
Conversely, the JCI’s performance was significantly hampered by several stocks that weighed heavily on the index. PT Amman Mineral Internasional Tbk. (AMMN) topped the list of laggards, pulling the index down by 27.04 points following a 17.45% decline and an MCFF of IDR 57.06 trillion. It was closely followed by PT Dian Swastatika Sentosa Tbk. (DSSA), which dragged the JCI down by 26.90 points after a sharp 18.89% price drop.
Market pressure also stemmed from PT Barito Renewables Energy Tbk. (BREN), which shaved 13.28 points off the index following an 8.07% correction. Additionally, PT Merdeka Gold Resources Tbk. (EMAS) and PT Merdeka Copper Gold Tbk. (MDKA) saw notable declines of 13.45% and 13.93%, respectively. The list of laggards continued with PT Bumi Resources Tbk. (BUMI) and PT Bumi Resources Minerals Tbk. (BRMS), both exerting significant downward pressure with an 8.26-point negative contribution each, as their stock prices fell by 10% and 6.83% respectively.
Rounding out the underperformers, PT GoTo Gojek Tokopedia Tbk. (GOTO) declined 7.41%, subtracting 7.87 points from the index. Finally, PT Adaro Andalan Indonesia Tbk. (AADI) and PT Vale Indonesia Tbk. (INCO) also contributed to the negative sentiment, pulling the JCI down by 7.25 points and 6.87 points respectively, as their shares dropped by 18.75% and 20.8% over the course of the week.
Summary
The Jakarta Composite Index (JCI) declined by 4.63% this past week amidst significant market volatility. Despite the downturn, top performers such as PT Mora Telematika Indonesia Tbk. (MORA), PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI), and PT Bank Central Asia Tbk. (BBCA) provided notable support to the index, with MORA leading the gains with a 59.24% surge.
Conversely, the index faced downward pressure from several laggards, led by PT Amman Mineral Internasional Tbk. (AMMN) and PT Dian Swastatika Sentosa Tbk. (DSSA). Other major underperformers included PT Barito Renewables Energy Tbk. (BREN), PT GoTo Gojek Tokopedia Tbk. (GOTO), and PT Vale Indonesia Tbk. (INCO), all of which recorded significant price corrections throughout the week.