Trade Surplus, IHSG Up 0.7% (Monday, January 16, 2023)

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Cindy Mutia Annur 16/01/2023 18:10 WIB
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Composite Stock Price Index (JCI) December 16, 2022 – January 16, 2023
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The Jakarta Composite Index (IHSG) strengthened by 46.22 points or 0.7% to 6,688.06 at the close of trading on Monday, January 16, 2023. This index increase occurred following the release of data showing a surplus in the national trade balance.

"Domestically, investors appreciated the performance of Indonesia's trade surplus in December 2022," said Senior Investment Information Mirae Asset Nafan Aji Gusta, as quoted by Antara, Monday (16/1/2023).

Statistics Indonesia (BPS) reported that Indonesia's trade balance had a surplus of US$54.46 billion throughout 2022, a 53.76% increase from the previous year. The surplus was supported by export performance reaching US$291.98 billion, higher than imports of US$237.52 billion.

Nafan also assessed that the IHSG's rise was also influenced by positive sentiment from the slowing US inflation in December 2022. Investors expect this to encourage the Fed to ease its monetary policy.

The frequency of share trading on the Indonesia Stock Exchange (IDX) today was 1.01 million transactions.

A total of 18.22 billion shares changed hands, with a transaction value of Rp9.93 trillion.

The issuer with the code PBRX was the top gainer, strengthening by 22.58%. This was followed by OKAS and BRMS, which strengthened by 21% and 19.11% respectively.

Meanwhile, today's top loser was SOUL, which contracted by 9.52%, followed by BMBL and RUIS, which weakened by 9.42% and 6.98% respectively.

The majority of shares closed higher today. Specifically, 287 shares strengthened, 283 shares were stagnant, and 266 shares weakened.

Editor : Adi Ahdiat

"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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