PALMOILMAGAZINE, JAKARTA – The collapse of the Composite Stock Price Index (IHSG) in a row lasted for 3 days. On Monday, the IHSG was still perched at 6,961.46. Then it fell sequentially from Tuesday to Thursday by 20.57 points, 54.31 points and 11.57 points.
The IHSG on Thursday, October 5, 2023 fell 11.75 points to 6,874.83, a total decline of 86.45 points until Thursday (5/10). This fall in the IHSG, further away from the 7,000 level that is the hope of stock investors.
Palm oil share prices that are still struggling to become the choice of stock investors are getting a positive response. Recorded stock trading on the Indonesia Stock Exchange (IDX), the presence of palm oil stocks also colored daily stock trading.
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Based on Palmoilmagazine.com monitoring, JAWA shares are leading the increase in the selling price of other palm oil stocks. It was not affected in the slightest by the fall of the JCI to a total of 86.45 points on Thursday (5/10).
In fact, JAWA shares rose by 38 points for three consecutive days. In total, the increase in JAWA’s share price has reached 114 points since last Tuesday (3/10).
Based on Palmoilmagazine.com observation, the increase in the selling price, which came from the bid price, was phenomenal. Moreover, there was no bid from the other side.
Will JAWA shares skyrocket again to its initial 2022 selling price of Rp. 248 per share? Or is it only experiencing a temporary bullish selling price?
Interested in the phenomenon of JAWA’s stock price skyrocketing? Keep up with the latest information on palm oil issuers only at Palmoilmagazine.com. Mitra Media Networks news network. (T1)