Indonesia's IDX Closes Higher as US Inflation Eases (Wednesday, November 15, 2023)
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The Jakarta Composite Index (IHSG) strengthened by 96.14 points or 1.4% to 6,958.21 at the close of trading on Wednesday (15/11/2023).
The strengthening of the stock index today is in line with the easing of inflation in the United States (US) last month.
"The main factor is the decline in US inflation, so investors are optimistic that the US central bank will not raise interest rates again. This is certainly good for the stock market," said Jono Syafei, Analyst at Henan Putihrai Sekuritas, as reported by Antara, Wednesday (15/11/2023).
US inflation in October 2023 eased to 3.2% year-on-year (yoy), with core inflation at 4% (yoy) and 0.2% month-to-month (mtm).
Based on the IDX-IC Sectoral Index, ten sectors increased, led by the infrastructure sector by 3.6%, followed by the technology and property sectors, which rose by 2.47% and 2.17%, respectively.
Meanwhile, only the health sector declined by -0.49%.
Based on RTI Business data, the frequency of stock trading on the domestic exchange today was 1.19 million transactions.
A total of 20.77 billion shares changed hands, with a transaction value of Rp10.96 trillion.
The issuer with the code ARTO became the top gainer after surging 12.2%, followed by issuers BULL and LAJU at 11.24% and 11.11%, respectively.
On the other hand, the top loser today was CARE, which plunged 16.06%, followed by STRK and MENN at 9.63% and 8.89%, respectively.
A total of 319 stocks closed higher today, 227 stocks were stagnant, and 207 stocks weakened.
Regional Asian stock exchanges this afternoon include: the Nikkei index strengthened by 823.79 points or 2.52% to 33,519.69, the Hang Seng index strengthened by 682.14 points or 3.92% to 18,079, the Shanghai index strengthened by 16.76 points or 0.55% to 3,072.83, and the Strait Times index strengthened by 27.46 points or 0.88% to 3,132.12.
"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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