IHSG and the Nikkei-KOSPI Index both Down

On the first trading day after the Idul Fitri holiday, the JCI closed down 1.76% to 5,833.86. External indexes such as the Nikkei and KOSPI also suffered the same fate. The Nikkei index from Japan ended down 0.92% to 27,824.83, while that of South Korea the KOSPI fell 0.6% to 3,134.52.

But behind that there were also those that strengthened, it was noted that the Hong Kong Hang Seng Index closed up 0.59% to the level of 28,194.09, China's Shanghai Composite shot 0.78% to 3,517.62 and Singapore's Straits Times shot 0.76 to the level of 3,078.31.

The number of indexes that weakened occurred in line with global market players still worried about the risk of rising inflation in the United States (US) as well as the increasing spread of the Covid-19 virus from individuals to various other countries.

For the JCI itself, today's transaction value was Rp. 8.1 Trillion. Foreign investors were observed to sell net of Rp. 139 billion on the regular market, 124 shares appreciated, 368 corrected and the remaining 132 stagnant.

Foreign investors purchase shares of PT Bank Central Asia Tbk (BBCA) for as much as Rp. 159 billion and PT Bank Mandiri (BMRI) Rp. 57 billion. Meanwhile, what was sold net was in the shares of PT Perusahaan Gas Negara Tbk (PGAS), which was sold for Rp. 156 billion and PT Bank Rakyat Indonesia (BBRI) which sold 120 billion.

As for the crypto market it is also a special concern, especially Bitcoin, bitcoin is observed to have dropped below US $ 44,000 in the week (16/5/2021). After the Tesla CEO tweeted again saying he was exploring opportunities to release his Bitcoin.

We can imagine what would happen if Elon Musk, with so much Bitcoin he released, would greatly affect the market price to continue to fall.