Indonesia's IDX Closed Lower Amid Declining US Inflation (Thursday, 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."