Indonesia's State Budget Records Another Surplus, IHSG Closes Higher (Monday, June 26, 2023)

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Cindy Mutia Annur 26/06/2023 19:01 WIB
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Jakarta Composite Index (JCI) May 26 - June 26, 2023
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The Jakarta Composite Index (IHSG) strengthened by 24.93 points or 0.38% to 6,664.668 at the close of trading on Monday (26/6/2023).

The index's strengthening today is in line with the realization of the Indonesian State Budget (APBN) which again recorded a surplus in May 2023, amounting to Rp204.3 trillion. This five-month consecutive surplus was supported by strong state revenue from taxes, although it is starting to slow down.

This APBN surplus contributed 0.97% to the Gross Domestic Product (GDP).

Based on the IDX-IC Sectoral Index, two sectors increased: the finance sector by 0.61%, followed by the infrastructure sector which increased by 0.33%.

Meanwhile, nine sectors were corrected, with the transportation & logistics sector falling the most at minus 1.27%, followed by the non-primary consumer goods sector and the raw materials sector, which fell by minus 0.47% and 0.34%, respectively.

Based on RTI Business data, the frequency of stock trading on the domestic exchange today was 990.83 thousand transactions.

A total of 16.1 billion shares changed hands, with a transaction value reaching Rp7.49 trillion.

The issuer with the code ERTX became the top gainer after strengthening by 34.43%, followed by issuers MFIN and PTIS which strengthened by 24.65% and 22.88%, respectively.

Meanwhile, today's top loser was PTBA, which weakened by 14.86%, followed by NZIA and AWAN, which contracted by 14.59% and 9.83%, respectively.

Although the index closed stronger, the majority of stocks closed weaker in today's trading. The details are: 294 stocks weakened, 236 stocks strengthened, and 213 stocks were stagnant.

"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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