The Jakarta Composite Index (JCI) extended its losing streak on Tuesday (April 28), dipping 0.48% to close at 7,072. This latest decline marks the seventh consecutive day of losses, bringing the index down by 6.4% over the period and deepening its year-to-date (YTD) decline to 18.21%.
Trading activity on the Indonesia Stock Exchange (IDX) saw 339 stocks gain, while 350 declined and 129 remained unchanged. Total transaction value reached Rp 17.45 trillion, supported by a trading volume of 31.89 billion shares across 2.14 million transactions. With today’s market fluctuations, the total market capitalization for the JCI stood at Rp 12,617 trillion.
Despite the broader market slump, several stocks saw significant crossing transactions. PT Bumi Serpong Damai Tbk (BSDE) led the activity with a jumbo trade worth Rp 1.51 trillion at a price of Rp 880. This was followed by PT Abadi Lestari Indonesia Tbk (RLCO) at Rp 385 billion (Rp 5,500 per share), PT Bank Mandiri Tbk (BMRI) at Rp 283.31 billion (Rp 4,417 per share), and PT Bank Central Asia Tbk (BBCA) at Rp 272.43 billion (Rp 5,981 per share).
Other notable crossing transactions included PT Merdeka Copper Gold Tbk (MDKA) at Rp 175.48 billion (Rp 3,253 per share), PT Sinar Mas Multiartha Tbk (SMMA) at Rp 132.26 billion (Rp 9,766 per share), and PT Telkom Indonesia Tbk (TLKM) at Rp 102.78 billion (Rp 2,792 per share).
Sectorally, the market struggled as eight out of the eleven IDX sectors ended in the red. The non-cyclical sector recorded the sharpest decline, falling by 1.49%. Among the major drags in this sector, PT Unilever Indonesia Tbk (UNVR) plummeted by 2.30% to finish at Rp 1,485. The bearish sentiment was mirrored across Asia, where major indices faced downward pressure: the Hang Seng fell 0.95%, the Shanghai Composite retreated 0.19%, the Nikkei dropped 1.02%, and the Straits Times index slipped 0.14%.
Top Gainers:
- PT PP Presisi Tbk (PPRE) surged 34.75% to Rp 159
- PT Personel Alih Daya Tbk (PADA) rose 23.98% to Rp 212
- PT Leyand International Tbk (LAPD) climbed 34.21% to Rp 102
Top Losers:
- PT Bank CIMB Niaga Tbk (BNGA) declined 8.33% to Rp 1,705
- PT Japfa Comfeed Indonesia Tbk (JPFA) dropped 7.11% to Rp 2,350
- PT Sumber Alfaria Trijaya Tbk (AMRT) fell 5.69% to Rp 1,325
Summary
The Jakarta Composite Index (JCI) closed at 7,072 after falling 0.48% on Tuesday, marking seven consecutive days of losses and a 6.4% decline during this period. The overall market capitalization reached Rp 12,617 trillion amid significant trading activity, with eight out of eleven sectors closing in the red and negative sentiment reflecting broader trends across Asian markets.
Despite the market slump, the Indonesia Stock Exchange recorded substantial block trades in several key companies. Notable crossing transactions included PT Bumi Serpong Damai Tbk (BSDE) at Rp 1.51 trillion, along with significant trades for RLCO, BMRI, BBCA, MDKA, SMMA, and TLKM. These large-scale transactions occurred while the non-cyclical sector faced the sharpest decline, led by a drop in PT Unilever Indonesia Tbk shares.
