Indonesia's Stock Exchange (IHSG) Closed Lower Amidst Banking Stock Plunge (Friday, September 8, 2023)
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The Jakarta Composite Index (IHSG) closed down 30.02 points, or 0.43%, to 6,924.78 on Friday's (September 8, 2023) trading session.
Today's index weakening was partly influenced by several weakening banking stocks.
Bank Rakyat Indonesia Tbk (BBRI) shares fell 1.83% today, followed by banking stocks with codes BBNI and BBCA, which corrected by 1.32% and 0.54%, respectively.
Based on the IDX-IC Sectoral Index, seven stock sectors were corrected today. The deepest decline occurred in the property sector, which weakened by 0.72%, followed by the finance sector down 0.61%, and the transportation and logistics sector down 0.59%.
Meanwhile, only four stock sectors increased today, led by the infrastructure sector, which surged 1.23%, followed by the non-primary consumer goods sector up 0.28%, and the health sector up 0.21%.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.12 million transactions.
A total of 18.01 billion shares changed hands, with a transaction value of Rp10.95 trillion.
The issuer with the code RELF was today's top loser after weakening by 9.24%, followed by SMIL and APEX, which contracted by 7.28% and 7.03%, respectively.
Then, today's top gainer was GTBO, which strengthened by 24.56%, followed by issuers MSKY and NASI, which strengthened by 16.39% and 16.05%, respectively.
The majority of stock indices closed weaker in today's trading. Specifically, 279 stocks weakened, 241 stocks were stagnant, and 223 stocks strengthened.
"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."