When will JCI Recover from a 6% Slump?
Indonesia’s benchmark stock index and other Asian stocks plunged deeper as oil prices plummeted. The massive drop in oil prices drove investors in domestic stock markets to cash in almost everything.
As of 2.28 PM on Monday (3/9), the Jakarta Composite Index (JCI) was down 6,58 percent to 5.136,81. A total of 367 stocks were down, 44 rebounded, and 87 others stagnated. The sum of recorded transactions reached Rp 4.15 trillion, while foreign investors in all markets reaped up to Rp 44.27 billion of net sales.