Indonesia's Stock Exchange (IHSG) Closed Lower Amidst Decline in Tobacco Stocks (Wednesday, November 8, 2023)
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The Jakarta Composite Index (JCI) (IHSG) closed down 39.68 points, or 0.58%, to 6,804.10 on Wednesday (8/11/2023).
The index weakening was partly supported by the correction of several of Indonesia's largest cigarette issuers, such as GGRM and HMSP. GGRM closed down 3.33%, while HMSP fell 1.55%.
Based on the IDX-IC Sectoral Index, ten issuers fell collectively. The basic materials sector fell the most, at -1.55%, followed by the energy and industrial sectors, which fell by -1.45% and -0.91%, respectively.
Only one sector increased, namely the health sector, by 0.69%.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.25 million transactions.
A total of 19.04 billion shares changed hands, with a transaction value of 8.36 trillion rupiah.
STRK was the top loser today, falling 14.65%, followed by MARI and MENN, which contracted by 12.66% and 9.23%, respectively.
Meanwhile, the top gainer today was OILS, which strengthened by 18.98%, followed by NZIA and AHAP, which strengthened by 16.50% and 10.78%, respectively.
The majority of stocks closed lower today. Specifically, 354 stocks weakened, 211 stocks were stagnant, and 186 stocks strengthened.
Regional Asian stock exchanges also closed lower this afternoon. The Nikkei Index fell 0.33% to 32,166.50, the Hang Seng Index fell 0.58% to 17,568.46, the Shanghai Index fell 0.16% to 3,052.37, and the Straits Times Index fell 1.39% to 3,129.72.
(Also read: IHSG Closed Down to 6,843 Level Due to 8 Weakening Sectors (Tuesday, November 7, 2023))
"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."