Technology Sector Leads, IHSG Closes Higher Ahead of Weekend (Friday, February 24, 2023)
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The Jakarta Composite Index (IHSG) strengthened by 17.12 points or 0.25% to 6,856.576 at the close of trading on Thursday, February 24, 2023. The index's strengthening ahead of the weekend was led by the technology sector.
"The technology sector led the strengthening, followed by health, energy, transportation and logistics, industrial, non-primary consumer, and infrastructure sectors," said the Pilarmas Investindo Sekuritas team, as quoted by Antara on Friday (24/2/2023).
Domestically, the Pilarmas Investindo Sekuritas team stated that the market will be awaiting the release of Indonesia's February 2023 inflation data next week, which is expected to slow down again.
Externally, according to the analyst team, the market is digesting the FOMC Meeting, where almost all committee members agreed to raise the United States (US) interest rate by 25 basis points as a step towards achieving the 2% inflation target.
Based on data from the Indonesia Stock Exchange (IDX), today's trading frequency amounted to 976,370 transactions.
A total of 13.85 billion shares changed hands, with a transaction value reaching Rp8.9 trillion.
The issuer with the code SINI was the top gainer, strengthening by 13.37%. This was followed by BSBK and ESSA, which strengthened by 10.91% and 10.53%, respectively.
Meanwhile, today's top loser was MEDS, which contracted by 6.94%, followed by HOMI and CMRY, which weakened by 6.87% and 6.86%, respectively.
Although the stock index strengthened, the majority of stocks closed stagnant today. The details are: 328 stocks stagnant, 262 stocks weakened, and 257 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."
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