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Berita Terkini - Posted on 15 January 2025 Reading time 5 minutes
DIGIVESTASI - Banking Stocks Experience Decline in Early 2025
Banking stocks have seen a decline at the beginning of 2025. However, analysts remain optimistic about the long-term prospects of bank stocks.
At the time of writing this report, shares of Bank Rakyat Indonesia (Persero) Tbk (BBRI) were down by 0.52 percent to 3,830. Shares of Bank Central Asia Tbk (BBCA) also fell by 0.78 percent, standing at 9,600, while shares of Bank Mandiri Tbk (BMRI) dropped by 1.81 percent to 5,425.
Shares of Bank Negara Indonesia Tbk (BBNI) declined by 2.38 percent, reaching 4,110. Mirae Asset's Head of Research and Chief Economist, Rully Arya Wisnubroto, stated that the movement of banking stocks at present is influenced by a massive sell-off by foreign investors amidst global uncertainty. Rully explained that most foreign investments flow into Indonesia’s capital market through banking stocks. Therefore, when foreign investors sell off their holdings, the banking sector is the one most affected.
Rully identified that uncertainty surrounding the policies of U.S. President-elect Donald Trump, along with the expectation that the Federal Reserve (The Fed) will not be too aggressive in lowering interest rates, has led to the strengthening of the U.S. dollar, which in turn triggered foreign capital outflows. "This caused foreign investors to pull out, and banking stocks were the ones sold off. As we know, large stocks like BRI, Bank Mandiri, BCA, and BNI were the most affected," said Rully.
Source: liputan6.com
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