CSPI /IHSG Moves Stagnant in First of Week
August 17, 2010 by admin
Composite Stock Price Index (CSPI) was eventually closed down just 0.4 points in thin trading earlier in the week. Inverting the direction of Asia regional bourses lifted CSPI follow-up from its lowest point.
Composite Index opened down to the level of thin 3052.911 and 3032.425 had weakened to a new level, down 21 points from yesterday’s closing weekend at the level of 3053.010.
Since the beginning of trading, CSPI is in the selling pressure and continue to survive in the negative zone. Although the chance to enter positive territory, but selling pressure continued in the end return CSPI to the red zone.
Only the index stocks and consumption of various industry sectors that are still strong. The rest struggled in the red zone. Correction of the plantation sector and the share of coal into the main stressor CSPI.
Toward the close of the hard battle occurred between the seller and buyer sides. Sudden strengthening of the sectoral stock indexes managed to make a thin Composite Index fell only on the trade earlier in the week.
Foreign transaction was dominated the purchase action amounting to Rp 6.164 trillion, with foreign sales transactions amounting to Rp 6.080 trillion. The total transaction value of net purchases (foreign net buy) of Rp 84.132 billion.
In trading Monday (8/16/2010), Jakarta Composite Index closed down weakened thin 0.411 points (0.01%) to the level of 3052.599. LQ45 index also fell 0.380 points (0.06%) to a level of 579.554.
The tradinge runs moderate with transactions frequency across the market was only 70 729 times the volume of 7.875 billion shares worth Rp 8.098 trillion. A total of 81 shares rose, 125 stocks fell and 83 shares remain stagnant.
The amount of volume and value of this transaction due to transaction crossing over 19.67% stake in CIMB Niaga (BNGA) conducted by the CIMB Group, which realize the purchase of Khazanah Nasional Berhad amounting to Rp 5.438 trillion.