Indonesia's IDX Closes Higher Amidst Weakness in Most Asian Markets (Tuesday, May 9, 2023)
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The Jakarta Composite Index (JCI) closed up 10.34 points or 0.15% to 6,779.980 on Tuesday (May 9, 2023). This increase in the stock index occurred despite the weakening of the majority of Asian stock exchanges.
Quoting Katadata.co.id, Pilarmas Investindo Sekuritas stated that most Asian stock exchanges corrected in line with the cautious stance of market players ahead of the release of US inflation data on Wednesday (May 10, 2023) local time. This data will be a reference for the Fed regarding the direction of its monetary policy in controlling inflation.
Meanwhile, from the domestic market, according to Pilarmas Investindo Sekuritas, the JCI moved variably in line with external pressure. However, the JCI received a positive catalyst from the release of the April 2023 Consumer Confidence Index (CCI), which increased to 126.1 from 123.3 in March 2023. This then provided an optimistic indication in line with the improving economy.
According to RTI Business data, the JCI today moved in the range of 6,742.179 to 6,793.766.
The frequency of domestic stock trading today reached 1.5 million transactions.
A total of 22.22 billion shares changed hands, with a total transaction value of Rp 10.18 trillion.
The issuer with the code IRSX became the top gainer with a strengthening of 34.97%. Followed by JATI and KDTN which strengthened by 34.81% and 25.93% respectively.
Today's top loser was TYRE, which contracted by 6.99%, followed by AMAN and TRJA, which weakened by 6.8% and 6.74% respectively.
The majority of stocks today also closed higher. The details are 297 stocks strengthened, 236 stocks weakened, and 204 stocks were stagnant.
Most Asian stock exchanges moved negatively this afternoon. Here's the movement of Asian exchanges this afternoon:
* Nikkei up 292.9 points or 1.01% to 29,242.801
* Hang Seng down 429.449 points or 2.12% to 19,867.58
* Shanghai Composite down 37.33 points or 1.1% to 3,357.67
* Straits Times down 14.71 points or 0.45% to 3,242.95
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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