10 Most Profitable Stocks in a Week when JCI Breaks Record, WIKA & WTON Enter the List
20 Aug 2024
Several stocks recorded significant price declines and entered the top losers list amid the strengthening of the Jakarta Composite Index (IHSG) during the trading week of September 9—13, 2024. State-Owned Enterprises (SOEs) WIKA, ADHI, and WTON were included in the list. Based on data from RTI Business, during the week, PT Harta Djaya Karya Tbk. (MEJA) led the decline, dropping 35.86% or 71 points to Rp127 per share. This was followed by PT Sarana Mitra Luas Tbk. (SMIL), which fell 22.46% to Rp214 per share. In third place among the biggest losers was PT Cipta Perdana Lancar Tbk. (PART), which corrected by 19.63% to Rp131 per share. It was followed by PT Koka Indonesia Tbk. (KOKA), which weakened by 16.90% to Rp59 per share. Next, PT Wijaya Karya (Persero) Tbk. (WIKA), an SOE, tumbled 14.41% to Rp392 per share. INET dropped by 12.64% to Rp76 per share. The subsequent top losers were BINO, which fell by 12.03%, SILO, which weakened by 11.38%, while SOEs ADHI and WTON declined by 10.19% and 9.24%, respectively. The Top 10 Biggest Losers for the Week of September 9—13, 2024: - MEJA: Rp127 (-35.86%) - SMIL: Rp214 (-22.46%) - PART: Rp131 (-19.63%) - KOKA: Rp59 (-16.90%) - WIKA: Rp392 (-14.41%) - INET: Rp76 (-12.64%) - BINO: Rp234 (-12.03%) - SILO: Rp2,880 (-11.38%) - ADHI: Rp282 (-10.19%) - WTON: Rp108 (-9.24%) IHSG Hits Record High This Week Despite the decline in these 10 stocks, the IHSG closed the week of September 9—13, 2024, by hitting a new record level of 7,812.13, surpassing the previous record of 7,798.15 on Thursday (September 12). The Secretary of the Indonesia Stock Exchange (IDX), Kautsar Primadi Nurahmad, said that the IHSG strengthened by 1.17% this week, closing at 7,812.13 from 7,721.84 in the previous week. Market capitalization also increased by 1.31%, from Rp13,217 trillion last week to Rp13,390 trillion, marking the highest market capitalization ever, surpassing the previous record of Rp13,384 trillion on Thursday (September 12). "The highest increase this week occurred in the average daily transaction value, which rose 40.10% to Rp14.98 trillion from Rp10.69 trillion last week," Kautsar said, quoted on Saturday (September 14, 2024). Meanwhile, the average daily transaction frequency also strengthened by 1.66% to 1.14 million transactions from 1.12 million transactions in the previous week. As of Friday (September 13, 2024), foreign investors recorded a net buy of Rp17.95 trillion, bringing the year-to-date net buy to Rp51.40 trillion.
