Indonesia's IDX Closed Lower Amid Declining US Inflation (Thursday, April 13, 2023)

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Cindy Mutia Annur 13/04/2023 20:44 WIB
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Jakarta Composite Index (JCI) March 13 – April 13, 2023
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The Jakarta Composite Index (IHSG) fell 13.36 points, or 0.2%, to close at 6,785.598 on Thursday, April 13, 2023.

This weakening occurred alongside a decrease in US inflation.

"The IHSG and regional Asian exchanges tended to weaken amid easing US inflation; however, the market seems concerned after the Fed showed concerns about a recession," said the Research Team of Pilarmas Investindo Sekuritas, as quoted by Antara, Thursday (13/4/2023).

US inflation in March 2023 fell from 0.4% month-to-month (mtm) to 0.1% mtm, while year-on-year (yoy) it decreased from 6% yoy to 5% yoy.

Meanwhile, core inflation fell from 0.5% mtm to 0.4% mtm, but rose year-on-year from 5.5% yoy to 5.6% yoy.

Based on RTI Business data, the frequency of stock trading on the domestic exchange today was 1.27 million transactions.

A total of 17.43 billion shares changed hands, with a transaction value of Rp9.63 trillion.

ESSA was the top loser, weakening by 6.94%, followed by CHEM and BSML, which contracted by 6.82% and 6.81%, respectively.

Today's top gainer was TRIS, strengthening by 15.79%, followed by KAYU and DGIK, which strengthened by 8.93% and 8.77%, respectively.

The majority of stocks closed lower today. Specifically, 317 stocks weakened, 211 stocks strengthened, and 198 stocks were stagnant.

"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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