Indonesian Stocks Cap Biggest Monthly Loss in Almost Two Years
(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.
Indonesian stocks posted the biggest monthly decline since March 2018 as concerns over the impact of the spread of a deadly virus from China triggered a selloff.
The Jakarta Composite Index tumbled 1.9% to 5,940.048 on Friday, the biggest daily drop since Aug. 5, extending losses this week alone to 4.9%. The index lost 5.7% this month.
While the selloff was triggered by investor concerns over the novel coronavirus from China, it may only be temporary and provide investors a buying opportunity, Mirae Asset Sekuritas analyst Hariyanto Wijaya said by phone.
Finance stocks led the market lower, as all sectors lost; 306 of 676 shares fell, while 145 rose.
Private lender PT Bank Central Asia contributed the most to the index decline, decreasing 3.9%. Information technology company PT Envy Technologies Indonesia had the largest drop, falling 24.9%.
Terminal users can read more in our markets live blog.
- In the past year, the index had a similar or greater loss once
- So far this week, the index fell 4.9%, heading for the biggest decline since the week ended May 17
- This month, the index fell 5.7%, heading for the biggest decline since March 2018
- The index declined 9.1% in the past 52 weeks. The MSCI AC Asia Pacific Index gained 5.7% in the same period
- The Jakarta Composite Index is 10.5% below its 52-week high on April 18, 2019 and 3% above its low on May 20, 2019
- Jakarta Composite Index is trading at a price-to-earnings ratio of 18.6 on a trailing basis and 13.9 times estimated earnings of its members for the coming year
- The index’s dividend yield is 2.6% on a trailing 12-month basis
- Jakarta Composite Index’s members have a total market capitalization of IDR7.03 quadrillion
- 30-day price volatility rose to 11.05% compared with 9.74% in the previous session and the average of 9.82% over the past month
|Sector Name||Index Points Move||% Change||Adv/Dec|
|Construction Property and Real Estate||-7.2854||-1.9||12/39|
|Basic Industry and Chemicals||-5.7083||-0.9||22/36|
|Trade Services and Investment||-3.8834||-0.8||34/74|
To see other sector information, click here.
|Top Contributors||Index Points Move||% Change||Volume VS 20D AVG (%)||YTD Change (%)|
|Bank Central Asia||-28.4600||-3.9||156.1||-3.1|
|Bank Rakyat Indonesia||-13.1400||-2.6||27.7||1.4|
|Biggest Gainers||% Change||Index Points Move||Volume VS 20D AVG (%)||YTD Change (%)|
|Rig Tenders Indonesia||35.0||0.0380||9,402.6||27.4|
|Pollux Investasi Internasional||24.8||0.4690||14.6||-12.1|
|Biggest Losers||% Change||Index Points Move||Volume VS 20D AVG (%)||YTD Change (%)|
|Envy Technologies Indonesia||-24.9||-0.1490||577.0||-69.1|
|Ayana Land International||-24.5||-0.7500||-97.3||-67.7|
|Maha Properti Indonesia||-24.5||-4.3700||1,730.1||-34.3|
- The Indonesian rupiah strengthened against the U.S. dollar to 13,655 from 13,657
- The benchmark 10-year bond fell and the yield rose 1.8 basis points to 6.665%
- The MSCI AC Asia Pacific Index declined 0.2%
- The S&P 500 rose 0.3% in the previous session. The MSCI Emerging Markets Index closed at 1,068.61, down 0.4%
For a full list of how stocks have performed, click here.
Related News headlines:
- Indonesia to Send Evacuation Team to Wuhan Within 24 Hours
- Medco Energi Plans 1.5T Rupiah Bond Issuance in February
- J Resources Asia Pasifik to Issue 800B Rupiah Bonds in Feb.
- Stocks Mixed as Investors Weigh Earnings, Virus: Markets Wrap
- Indonesia’s Credit Ratings Upgraded at JCR, Stable Outlook
©2020 Bloomberg L.P.