JAKARTA (TheInsiderStories) - President director of Indonesian Stock Exchange (IDX) Tito Sulistio says the domestic capital market in good condition and investors should not worry on the weakened index in two days trading.
“It’s all just psychology effect as trump effect, uncertainty whether it will break up of trade relations with China as well as its attitude towards Europe, “He said at the press conference with the press on Monday.
In the first session of Monday trading, Jakarta Composite Index (JCI) dropped 124.66 points or 2.38 percent to 5,107.309 compared to Friday’s level. 10 big capital stocks like TLKM dropped 5.8%, BBRI 5.8%, BMRI 5%, INDF 4.2%, GGRM 3.9%, ICBP 3.9%, ASII 3.5%, BBCA 3.4%, UNVR 1.95%, HMSP 1%.
According to IDX data, Tito said, foreign net buying recorded around Rp28 trillion and foreign net selling Rp975 billion in the first session of Monday’s trading.
He continued to give market confidence, IDX will provide information as much as possible to the investors, monitoring if there is cornering in the market, no short selling and margin all by brokers and running with the existing rules.
The next step, He added, IDX will multiply issuers, strengthening broker and if necessary use the capital market protocol to calm down the market.