Prabowo-Gibran Lead in Quick Count; IHSG Closes Stronger at 7,335 (Friday, February 16, 2024)

The Jakarta Composite Index (IHSG) strengthened by 32.26 points or 0.44% to 7,335.54 at the close of trading on Friday (February 16, 2024).

This strengthening occurred two days after the quick count results indicated that the Prabowo Subianto and Gibran Rakabuming Raka pair were leading in the 2024 Presidential Election.

"The euphoria of the quick count results is still a positive catalyst for the domestic market, as it indicates that the Presidential Election will be held in one round," said the Pilarmas Investindo Sekuritas Research Team in its study, as reported by Antara, Friday (February 16, 2024).

Based on the IDX-IC Sectoral Index, three sectors increased, led by the industrial sector which increased by 0.51%, followed by the energy and health sectors which strengthened by 0.37% and 0.26%, respectively.

Meanwhile, eight other sectors declined, with the property sector falling the most at 1.17%, followed by the technology and logistics sectors and the primary consumer sector, which fell by 1.14% and 1.07%, respectively.

According to RTI Business data, the frequency of stock trading on the domestic exchange today reached 1.22 million transactions.

A total of 18.05 billion shares changed hands, with a total transaction value of Rp 16.57 trillion.

Then, 316 stocks weakened, accompanied by 226 stagnant stocks, and 221 stocks strengthened.

Today's top gainer was HUMI, which soared 21.12%, followed by TPIA and PTMP, which rose by 14.07% and 13.82%, respectively.

On the other hand, the stock with the code BAKI became today's top loser after plunging 24.76%, followed by PMMP and PTPS, which fell by 12.12% and 11.40%, respectively.

In line with the IHSG, the majority of regional Asian stock exchanges closed higher this afternoon. The Nikkei index strengthened by 0.86% to 38,487.19, the Hang Seng index strengthened by 2.48% to 16,339.96, and the Strait Times index strengthened by 1.42% to 3,221.94. The Shanghai index remained closed for the Lunar New Year holiday.