Sluggish Commodity Prices Cause Decline in Stock Index of 30 Companies

Minggu, 12 Maret 2023 | 16:15 WIB
Sluggish Commodity Prices Cause Decline in Stock Index of 30 Companies
[ILUSTRASI. Capturing the prospects of stock indices comprising 30 companies' shares.. ANTARA FOTO/Sigid Kurniawan]
Reporter: Ridwan Nanda Mulyana | Editor: Hasbi Maulana

KONTAN.CO.ID - JAKARTA. The sluggish commodity prices have triggered a decline in the stock market index of 30 companies listed on the stock exchange. The stock market is still under pressure, as the Composite Stock Price Index has weakened by 0.74% since the beginning of the year.

Both value stocks and growth stocks are affected, as evidenced by the movements of the IDX Value30 and IDX Growth30 indices, which have weakened by 3.91% and 0.73%, respectively, since the beginning of the year.

Research Analyst from Reliance Sekuritas, Lukman Hakim, observes that energy and coal stocks are weighing down the IDX Value30 and IDX Growth30 indices. The negative sentiment stems from the global drop in commodity prices.

Integra Indocabinet (WOOD) Sets Aside Rp 50 Billion for Stock Buyback

The IDX Value30 index is the most affected due to its large weight of energy sector companies.

"Coal stocks have experienced the highest decline in the index, and coal prices have been trending downward," said Lukman.

ADRO had the largest decline among the IDX Value30 stocks, plummeting by 24.68% since the beginning of the year. ENRG and INDY also had poor performance, declining by 19.05% and 18.68%, respectively.

ENRG and INDY were also among the worst-performing stocks in the IDX Growth30 index. ADRO was the worst performer in the IDX Quality30 index as well.

More Regional Banks to Go Public, Competition Heats Up!

However, the IDX Quality30 index has still strengthened by 1.46% since the beginning of 2023. The increase was supported by the rise in consumer goods stocks. Senior Investment Information from Mirae Asset Sekuritas, Martha Christina, believes that stocks in all three indices are still worth considering, but their growth potential will be limited.

"With the normalization of commodity prices, the prices of stocks in this sector will decline," she said.

Martha views stocks in the IDX Quality30 index as more attractive than those in the IDX Value30 and IDX Growth30 indices. IDX Quality30 includes stocks from various sectors, mostly market leaders. Martha recommends buying BBCA, BMRI, CPIN, and INTP stocks.

Lukman also believes that stocks in the mining sector are still worth considering due to their low valuation. He recommends buying UNTR with a target of Rp 31,250, INDY at Rp 2,650, and PNLF at Rp 496 per share.

Bagikan

Berita Terbaru

BPI Danantara Kantongi Rp 50 Triliun untuk Proyek Sampah Lewat Patriot Bond
| Senin, 20 Oktober 2025 | 14:00 WIB

BPI Danantara Kantongi Rp 50 Triliun untuk Proyek Sampah Lewat Patriot Bond

Patriot Bond dijual secara private placement kepada konglomerat Tanah Air, dengan tawaran kupon 2% untuk tenor selama 5 tahun dan 7 tahun.

Menanti Taji BPI Danantara Mendorong Ekonomi dan Investasi
| Senin, 20 Oktober 2025 | 12:49 WIB

Menanti Taji BPI Danantara Mendorong Ekonomi dan Investasi

Salah satu upayanya mendongkrak ekonomi Indonesia adalah dengan melahirkan Danantara, sekaligus menandai babak baru cara pengelolaan aset negara.

Saham Big Banks Kompak Naik, BBCA Mendahului Ditopang Ekspektasi Kinerja Kuartal III
| Senin, 20 Oktober 2025 | 12:14 WIB

Saham Big Banks Kompak Naik, BBCA Mendahului Ditopang Ekspektasi Kinerja Kuartal III

Rebound saham BBCA ini sejalan dengan akumulasi oleh sejumlah investor asing institusi selama beberapa hari belakangan. 

 Market Kripto Masih Crash, Performa Mayoritas Token Berbasis AI Malah Naik
| Senin, 20 Oktober 2025 | 08:50 WIB

Market Kripto Masih Crash, Performa Mayoritas Token Berbasis AI Malah Naik

Untuk jangka menengah investor disarankan untuk selektif ke proyek-proyek yang terdapat utilitas nyata.​

Vanguard Hingga Blackrock Perlahan Beli Saham UNVR, namun Potensi Kenaikan Terbatas
| Senin, 20 Oktober 2025 | 08:20 WIB

Vanguard Hingga Blackrock Perlahan Beli Saham UNVR, namun Potensi Kenaikan Terbatas

Mayoritas analis berdasar konsensus Bloomberg menyematkan rekomendasi hold saham PT Unilever Indonesia Tbk (UNVR).

 Modal Besar Memoles Bisnis Logam Mulia
| Senin, 20 Oktober 2025 | 07:34 WIB

Modal Besar Memoles Bisnis Logam Mulia

Indonesia menjadi salah satu produsen emas terbesar dunia yang konsisten masuk dalam jajaram 10 besar

Emiten Telekomunikasi Berebut Pangsa Pasar yang Ketat
| Senin, 20 Oktober 2025 | 07:08 WIB

Emiten Telekomunikasi Berebut Pangsa Pasar yang Ketat

Mengupas perubahan persaingan emiten industri telekomunikasi usai lelang pita frekuensi radio 1,4 GHz

Rupiah Hari Ini Dibayangi Sentimen Eksternal
| Senin, 20 Oktober 2025 | 06:35 WIB

Rupiah Hari Ini Dibayangi Sentimen Eksternal

Pelemahan nilai tukar rupiah ke dolar AS sejalan sentimen risk-off di pasar keuangan, terutama di pasar saham

Soal Kualitas Kinerja
| Senin, 20 Oktober 2025 | 06:15 WIB

Soal Kualitas Kinerja

Pemeirntah diharapkan jangan mengerjar angka dan statistik sebagai patokan kinerja namun juga mengedepankan kualitas. 

Perbankan Tetap Pertimbangkan Rilis Obligasi
| Senin, 20 Oktober 2025 | 06:10 WIB

Perbankan Tetap Pertimbangkan Rilis Obligasi

Sejumlah bank tetap mempertimbangkan untuk menerbitkan surat utang sebagai salah satu sumber pendanaan tahun depan.​

INDEKS BERITA

Terpopuler