2017, Financial Sector Leads Stock Gains on the Jakarta Stock Exchange

The financial/banking sector led the rise in stock prices on the Jakarta Stock Exchange throughout 2017. Large banking profits that continued to grow, as well as corporate actions, made financial stocks highly sought after by investors. At the close of trading on December 15th, the financial stock index stood at 1,081.12, up 33.16 from its position of 811.89 on December 30, 2016. This was followed by the basic industry sector, which rose 24.99 percent to 672.71, and then the consumer sector, which also rose 16.4 percent to 2,705.37.

This increase is in line with the movement of the Indonesia Stock Exchange's Composite Stock Price Index (IHSG), which continuously set new highs throughout 2017, breaking through the 6,000 level. In trading on December 15th, the IHSG closed at 6,119.42, representing a 15.53 percent increase from its end-of-2016 position.

Meanwhile, the agribusiness sector index fell by 13.34 percent to 1,615.56, and the property index fell by 6.14 percent to 486.01. Stocks in these two sectors were less attractive and received less attention from investors.