Indonesia's Stock Exchange (IHSG) Closes Higher Amidst Falling Domestic Inflation (Wednesday, March 1, 2023)
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The Jakarta Composite Index (JCI) strengthened by 1.69 points or 0.02% to 6,844.936 at the close of trading on Wednesday, March 1, 2023.
According to MNC Sekuritas analyst Herditya Wicaksana, the index's strengthening at today's stock market close is in line with the decline in domestic inflation on a monthly basis.
"On the other hand, the JCI movement is also influenced by global market movements, where the United States (US) stock exchange corrected due to declining consumer confidence, but the Asian stock exchanges moved positively due to the improvement in China's manufacturing PMI," said MNC Sekuritas analyst Herditya Wicaksana, as quoted by Antara, Wednesday (1/3/2023).
The Central Bureau of Statistics (BPS) reported that the Consumer Price Index (CPI) inflation in February 2023 was 0.16% month-to-month (mtm), lower than January 2023's 0.34% mtm.
Year-on-year (yoy), inflation reached 5.47% in February 2023, representing an increase in the Consumer Price Index (CPI) from 108.24 in February 2022 to 114.16 in February 2023.
Based on data from the Indonesia Stock Exchange (IDX), today's trading frequency was 1.09 million.
A total of 16.91 billion shares changed hands, with a transaction value of Rp 10.37 trillion.
The issuer with the code FUTR was the top gainer, strengthening by 34.71%. This was followed by MASA and AMAN, which strengthened by 24.86% and 24.63%, respectively.
Today's top loser was EURO, which contracted by 7.32%, followed by TFAS and BRPT, which weakened by 6.99% and 6.95%, respectively.
Although the stock index strengthened, the majority of stocks closed stagnant today. The breakdown is 322 stagnant stocks, 296 weakened stocks, and 231 strengthened stocks.
"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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