Indonesia's Composite Stock Price Index (IHSG) Closed Down Slightly by 0.03%, Weighted Down by Large-Cap Stocks (Monday, July 8, 2024)

The Jakarta Composite Index (IHSG) closed slightly weaker at 7,250.97 on Monday (8/7/2024), down 0.03%.

Financial Market Analyst Gunawan Benjamin stated that the IHSG fluctuated within a limited range today. However, the majority of stocks traded in the red during the session.

"Large-cap stocks today showed considerable diversity in movement, with a very limited performance range," said Gunawan in a statement, as reported by *IDX Channel*, Monday (8/7/2024).

Among the large-cap stocks that experienced corrections today were BRPT, down 8.20%; CUAN, down 5.80%; BMRI, down 3.11%; and BRIS, down 1.61%.

Based on the IDX-IC Sectoral Index, three sectors experienced corrections today. The energy sector fell the most, by 0.44%, followed by the basic materials and financial sectors, which fell by 0.22% and 0.20%, respectively.

Meanwhile, eight other sectors strengthened. The property sector saw the highest increase, at 2.55%, followed by the infrastructure and consumer staples sectors, which rose by 1.55% and 1.29%, respectively.

According to RTI Business data, there were 1.27 million transactions on the domestic stock exchange today.

A total of 18.85 billion shares changed hands, with a transaction value of Rp 10.76 trillion.

318 stocks closed higher today, 256 stocks closed lower, and 223 stocks were unchanged.

ATLA was the top loser today, plunging 22.22%, followed by ESTA and PART, which fell by 16.67% and 16.03%, respectively.

On the other hand, GOLF was the top gainer today, soaring 35%, followed by WIKA and BLES, which rose by 34.75% and 34.43%, respectively.

In line with the weakening stock index, all Asian stock exchanges closed in the red this afternoon. The Nikkei index fell 0.32% to 40,780.69, the Hang Seng index fell 1.55% to 17,524.06, the Shanghai index fell 0.93% to 2,922.44, and the Straits Times index fell 0.19% to 3,404.46.