Indonesia's IDX Strengthens Amid Hopes of Slowing US Inflation (Thursday, January 12, 2023)
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The Jakarta Composite Index (JCI) strengthened by 45.48 points or 0.69% to 6,629.93 at the close of trading on Thursday, January 12, 2023.
According to the research team at Phillip Sekuritas Indonesia, this stock index strengthening occurred amid market players' expectations of a slowdown in inflation in the United States (US).
"Most Asian stock indices closed higher this afternoon ahead of the release of US inflation data tonight," said Phillip Sekuritas, as quoted by Antara, Thursday (12/1/2023).
"Investors expect that inflation began to cool in December, signaling to the US central bank that the series of interest rate hikes carried out last year have successfully achieved their goals," it continued.
Based on a report from the Indonesia Stock Exchange (IDX), the frequency of stock trading on the exchange today was 1.11 million transactions.
A total of 17.94 billion shares changed hands, with a transaction value reaching Rp12.43 trillion.
The issuer with the code WMUU became the top gainer with a strengthening of 25.49%. Followed by WINE and MIDI, which strengthened by 24.79% and 24.75%, respectively.
Meanwhile, today's top loser was BMBL, which contracted by 10%, followed by GOLD and GTBO, which weakened by 7% and 6.99%, respectively.
The majority of stocks closed higher in today's trading. The details are 306 stocks strengthened, 296 were stagnant, and 234 stocks weakened.
"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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