Dengan posisi IHSG yang berakhir di level 6.258, maka saat ini nilai kapitalisasi pasar (market cap) di BEI tersisa Rp10.882 triliun atau anjlok hingga 3,14% dibandingkan ketika penutupan perdagangan akhir pekan sebelumnya sebesar Rp11.235 triliun.
Pada perdagangan Jumat pekan lalu, investor asing melakukan aksi jual bersih (all market) sebesar Rp2,35 triliun. Dengan demikian, sepanjang tahun ini net foreign sell asing di BEI sudah mencapai Rp33,18 triliun.
Pada perdagangan Jumat pekan lalu, investor asing melakukan aksi jual bersih (all market) sebesar Rp2,35 triliun. Dengan demikian, sepanjang tahun ini net foreign sell asing di BEI sudah mencapai Rp33,18 triliun.
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TVTranscript
00:00We will now look at the Spotlight market on Monday, 24th of March, 2025.
00:09It is related to the closing of the trading session 2 yesterday.
00:12ESG fell by 2% to 6,258 levels, the lowest in Asia.
00:19And the BBC fell by 5.6% after the payment of dividends on Monday.
00:25Then the technology led the sectoral weakness, the DCII stock fell by 8.8% to level 152,025.
00:33The economic agenda is from Singapore, there is data on the IHK Inti year-on-year in February.
00:38And also from Malaysia, there is a deficit savings.
00:41Malaysia is in the US dollar.
00:43Then also from the emittance agenda, BBCA, DPS Dividend Tonight, Bufa, CNMA, Temas, and Merck will hold the RUPS.
00:55And next, we will look at the opening of the Asian Stock Exchange this morning.
00:59As you can see on the television screen, a preview of the opening of the Asian Stock Exchange.
01:11Asian Stock Exchange.
01:13Asian Stock Exchange.
01:21For the Asian Stock Exchange this morning, it opened mixed with Nikkei.
01:25It opened 0.21% at level 37,757.
01:29SEI Singapore opened 0.11% at level 3,922.
01:34And Kospikore opened 0.15% at level 2,647.
01:39And Hang Seng Hongkong opened 0.25% at level 23,749.
01:51And for our discussion this morning, we are already in contact with Mr. Raden Bagus Bima, the founder of WarCop Stock.
01:57Good morning, Mr. Bima.
02:00Good morning.
02:02Thank you, Mr. Bima, for joining us this morning on MarketBus.
02:05Have you bought the stock yet?
02:06Not yet.
02:08Okay.
02:09Just like the journalists at IDX Channel, we haven't bought it yet.
02:12Because we will be on holiday on the 29th, this Saturday.
02:16Okay.
02:17Mr. Bima, while waiting for the buyers and maybe for some of you who are still waiting for the liquid THR,
02:23if we look at the movement of ESG, last week the market cap was discounted significantly weekly.
02:31And if we talk about the decline of the market cap,
02:35the market cap is identical to the capital outflow from ASIC that did the net sale.
02:39And of course, this is related to the selling of big caps.
02:45BBCA, one of them, experienced a significant gain.
02:47The classic question is, is this the right moment for us to enter, Mr. Bima?
02:56Yes, I think if the question is related to whether we can enter or not,
03:01I think we can take advantage of this moment.
03:04Because as we know, the decline of ESG started from the beginning of last week, on Tuesday,
03:11where ESG fell to minus 5%.
03:14Then it was closed at the end of the week, on Friday, there was a FTSE rebalancing.
03:20So I think these are some sentiments that were accumulated in the last week.
03:28So I think this week, hopefully, the negative sentiment will not continue.
03:33And if we look at it yesterday, there were quite a few big cap stocks that experienced a correction at the last minute,
03:39on Friday yesterday, because there was a FTSE rebalancing,
03:42including, for example, in BBCA and others,
03:46the rebalancing value of the net sale was up to 1 trillion.
03:50And it's not just in one stock, it's in several stocks.
03:54So I think we can take advantage of this moment,
03:57so we can take the opportunity for technical rebounds, especially at the beginning of the week.
04:04Fundamentally, is there anything to worry about, Mr. Bima, in your opinion?
04:10Or is this just technical, because you are projecting that there will be rebounds in the week leading up to Eid?
04:17Yes, I think fundamentally, we should still be quite confident.
04:22As far as we know, when we took at least only in the ME10,
04:27but in our regulator, when yesterday's IHSG was minus 5%,
04:31the next day we held a press conference,
04:35exposing several policies.
04:37This means that although our market conditions have dropped,
04:41but we are still getting attention from regulators.
04:48Then if we look at the ME10,
04:50like some big caps that still have a stock that is still quite large,
04:56even though there is a decrease.
04:57But we see, for example, in the BBCA stock,
04:59which has been growing very well for the past two months.
05:03So I think the drop in the price of the stock,
05:06we will continue to see the rise in the financial report, which is still growing.
05:12So I think this could be an opportunity for us to accumulate in the big caps,
05:18of course, those who still have a positive stock.
05:21Okay, if we dig from the POV or maybe the point of view of the market itself,
05:26if we look at some of the past times,
05:28there are statements that are more or less vague,
05:31related to the capital market in Indonesia.
05:33How is this then enough to point to a conclusion,
05:38related to the concern or maybe the attention of the government itself to the capital market in Indonesia?
05:44And what should the government actually learn from the reaction that happened yesterday, Mr. Habib?
05:54Yes, we can't deny that.
05:56It didn't just happen last week,
05:58it has been happening since the end of the year in 2024.
06:02So indeed, the role of the government in the movement of IHSG is very important.
06:10We feel how investors, both local and foreign,
06:19really see and appreciate everything related to stock investment,
06:27which is conveyed by the government.
06:29This is how we can see the sensitivity of our current investors
06:33to whatever is conveyed by the government,
06:36whether by the ministry or even by the president.
06:40Even the smallest things are of great concern at least for now.
06:45So in my opinion, what the government is conveying right now is very much awaited by our investors.
06:51This is very much formed by itself,
06:56that the market wants policies,
07:01which may have been said yesterday,
07:04related to buyback without being dominated by the European Union.
07:08This is one of the positive signals,
07:10but it's not enough there.
07:12Investors want something that can reassure foreign investors.
07:17Because no matter what, the portion of foreign investors coming out,
07:21as mentioned earlier, is already relatively large.
07:25Okay. Net Forensics yesterday didn't show foreign investors, are you sure?
07:31Yes, of course.
07:33Yes, of course, foreign investors do sales,
07:38not even just last week.
07:39If we take it much longer, from the beginning of the year,
07:43of course, this should be a serious concern.
07:47Especially if we know that this is not just one or two issues.
07:54This is also related to what was said yesterday,
07:57related to the decrease in state income,
07:59then how our rupee value is now quite comfortable at 16,500,
08:04even though this is a very high level,
08:06which should be a very important concern for investors.
08:10Yes, I think we all agree with what happened at ISG,
08:14or maybe a very volatile fluctuation at ISG.
08:17This is enough to illustrate or perhaps reflect the investor's outlook,
08:22and also the economic conditions in Indonesia.
08:25So this should be considered by stakeholders,
08:30one of which is the government.
08:33Okay, you said earlier that looking at the potential for the future,
08:36there will be an upside potential.
08:39But if we look at it historically,
08:41let's say on the eve of Eid,
08:43what is the market movement usually like?
08:46And historically, is there always a pattern repetition, Mr. Bima?
08:55Yes, I think it's almost the same every year,
08:58only different during COVID.
09:01Because during COVID, when it entered 2021,
09:04in 2021, it became a market condition.
09:082020 and 2021 became a very crowded condition.
09:13Even though it entered the fasting month,
09:16even before Eid,
09:19the market conditions were very attractive,
09:22and the volume was increasing.
09:25But it didn't happen after that.
09:27After that, in 2023, and also last year, in 2024,
09:31and we can see that this year,
09:34the more sentiment, of course, the stock price movement can be maintained.
09:38As we know, from the beginning of the fasting month this year,
09:44until last week, it was still very crowded.
09:48Information that made the stock price quite crowded.
09:51So if we talk about habits in the fasting month,
09:55it depends on what sentiment there was that year.
09:58Coincidentally, this year, the sentiment is still quite hot,
10:01so the market condition is still quite volatile.
10:04In addition, in this fasting month,
10:07we are still colored with information about buybacks,
10:10and also investors are still afraid of the existence of foreign net sales
10:15that are still continuing, even getting bigger,
10:17like what happened last Friday.
10:19So this will still be,
10:21the condition is still crowded, in my opinion, in the last four days.
10:24Alright, trading this month, if I'm not mistaken,
10:26it's the same as Thursday, right, Mr. Bima?
10:28Yes, that's right.
10:29In terms of investment, we can then pay attention to it.
10:31Alright, in the next segment,
10:32we will start with a little discussion about the BBC,
10:34or maybe the recommendations related to the BBC,
10:36and also the IPO from UP, is it interesting or not, Mr. Bima?
10:39We will continue in the next segment,
10:41and investors, stay with us, we will be right back.