Indonesia's Stock Exchange (IHSG) Closes Lower Ahead of Independence Day (Wednesday, August 16, 2023)

Ahead of Indonesia's Independence Day, the Jakarta Composite Index (IHSG) weakened by 14.56 points or 0.21% to 6,900.54 at the close of trading on Wednesday (16/8/2023).

Based on the IDX-IC Sectoral Index, eight stock sectors weakened today. The technology sector fell the most, namely minus 1.25%.

The non-primary consumer goods sector also fell 0.67%, followed by the basic materials and energy sectors, which contracted by 0.50% and 0.40%, respectively.

Meanwhile, three other stock sectors strengthened, led by the infrastructure sector, which rose 0.48%, followed by the health sector, which strengthened by 0.31%.

Based on RTI Business data, the frequency of stock trading on the domestic exchange today was 1.10 million transactions.

A total of 20.04 billion shares changed hands, with transaction value reaching Rp11.92 trillion.

The issuer with the code KLAS was among the top losers after weakening by 14.78%, followed by issuers MPXL and DMMX, which contracted by 9.68% and 9.63%, respectively.

Meanwhile, today's top gainers were MSKY, which strengthened by 34.74%, followed by HUMI and ARII, which rose by 32.45% and 18.88%, respectively.

The majority of stocks also closed weaker in today's trading. The details are: 300 stocks weakened, 221 stocks strengthened, and 219 stocks were stagnant.