Textile issuer PT Trisula International Tbk (TRIS) and issuer engaged in the energy sector providing solar panels, PT Sky Energy Indonesia Tbk (JSKY) topped the list of top gainers in the first half of trading Thursday (28/10/2021). Meanwhile, shares of state-owned palm oil issuer Malaysia Felda and Rajawali Group PT Eagle High Plantations Tbk (BWPT) and 3 coal issuers, one of which is PT Indo Tambangraya Megah Tbk (ITMG), fell to the top losers. According to data from the Indonesia Stock Exchange (IDX), the JCI fell 1.02% to 6,535,076 with a transaction value of Rp 7.72 trillion and a trading volume of 13.74 billion shares at the close of session I today.

Meanwhile, 125 stocks rose, 387 fell, and 136 stocks remained stagnant. In the midst of the JCI's correction, foreign investors flocked to the Indonesian stock exchange with a record net sale of Rp 203.04 billion in the regular market and a net sale of Rp. 18.71 billion in the negotiated and cash market.

Here are 5 stocks of the top gainers and losers in the first session today (28/10).

Top Gainers

Wahana Pronatural (WAPO), +27.78% shares, to Rp 92, transaction Rp 4.2 M

Trisula International (TRIS), +17.39%, to Rp. 189, transaction of Rp. 6.9 M

Andalan Sakti Primaindo (ASPI), +16.42%, to Rp 78, transaction Rp 13.2 M

Sky Energy Indonesia (JSKY), +13.68%, to Rp 133, transaction Rp 49.7 M

Karya Bersama Anugerah (KBAG), +8.20%, to Rp. 66, transaction of Rp. 40.7 M

Top Losers

Eagle High Plantations (BWPT), shares -6.38%, to Rp 88, transaction Rp 10.0 M

Steel Pipe Industry of Indonesia (ISSP), -6.32%, to Rp 356, transaction Rp 31.2M

Indo Tambangraya Megah (ITMG), -6.21%, to Rp 22,650, transaction Rp 147.4 B

United Tractors (UNTR), -5.51%, to Rp 23,150, transaction Rp 110.7 M

Bumi Resources (BUMI), -5.33%, to Rp 71, transaction Rp 16.7 M

According to the data above, TRIS shares rose 17.39%, after sinking for 2 consecutive days. In a week this stock soared 38.97%, while in a month it rose 11.18%.

Second, JSKY shares rose 13.68% to Rp 133/share, rebounding from the 4.10% correction in yesterday's trading. In a week this stock rose 10.83% and in a month appreciated 8.13%.

In contrast, BWPT shares fell 6.38% to Rp 88/share, continuing the 4.08% correction in yesterday's trading. BWPT shares sank along with the majority of other major CPO shares amid the CPO price sinking in morning trading towards noon today.

On Thursday (28/10) at 10:08 WIB, the price of the CPO futures contract on the Bursa Malaysia was recorded at MYR 4,857/ton. Dropped 2.19% compared to the previous day's closing position.

It seems that profit-taking is still the background for the CPO price correction. Although today's decline, CPO prices still posted an increase of 9.02% in the last month. Since the end of 2020 (year-to-date), prices have skyrocketed 34.92%.

Then, 3 coal stocks, ITMG, UNTR, and BUMI, which both collapsed. The three shares fell by 6.21%, 5.51%, and 5.33%, respectively.

The third weakening coincided with the correction of coal stocks today. Coal futures contract prices fell again.

Yesterday, the price of coal on the ICE Newcastle (Australia) market was recorded at US$ 183.15/ton. A fall of 8.88% compared to the previous day's position.

There are at least two factors that make coal prices plummet. The first is profit taking.

Understandably, the price of this commodity has skyrocketed. In the last month, coal prices still posted an increase of 9.08% point-to-point. Since the end of 2020 (year-to-date), the price has skyrocketed by 177.45%.