Israel Attacks Iran, Indonesian Stock Exchange (IHSG) Enters Red Zone (Friday, April 19, 2024)

The Jakarta Composite Index (JCI) weakened by 1.11% to 7,087.32 at the close of trading on Friday (April 19, 2024).

The index closed in the red after Israel retaliated against an Iranian attack.

Israel reportedly launched a missile attack on the Iranian city of Isfahan on April 18, 2024.

Prior to this attack, Iran had launched hundreds of drones and missiles into Israeli territory on April 14, 2024.

This Iranian action was in retaliation for an attack on its embassy complex in Syria on April 1, 2024, allegedly perpetrated by Israel.

"The escalating tensions between Israel and Iran have been negatively received by Asian stock exchanges, including Indonesia," said Irvan Susandy, Director of Trading and Membership Regulation at the Indonesia Stock Exchange (IDX), as reported by *Katadata*, Friday (April 19, 2024).

Based on the IDX-IC Sectoral Index, 10 out of 11 domestic stock sectors were corrected today.

Technology stocks weakened the most, falling by 2.78%, followed by the transportation and consumer goods sectors, which fell by 2.46% and 1.76%, respectively.

Only one sector strengthened today, the healthcare sector, which rose by 1.10%.

According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.21 million transactions.

A total of 18.92 billion shares changed hands, with a transaction value of Rp 13.78 trillion.

456 stocks closed lower today, 204 stocks were stagnant, and 115 stocks strengthened.

BLTZ was today's top loser, plunging 17.05%, followed by PYFA and SOTS, both down around 16%.

On the other hand, today's top gainer was PEGE, which soared 34.18%, followed by TALF and MHKI, which rose 24.65% and 21.43%, respectively.

Several regional Asian stock exchanges also closed in the red this afternoon. The Nikkei Index weakened by 2.66% to 37,068.39, the Hang Seng Index weakened by 0.99% to 16,224.13, the Shanghai Index weakened by 0.29% to 3,065.26, and the Straits Times Index weakened by 0.35% to 3,176.51.