Indonesia's IDX Closes Higher on Optimism Over US Debt Deal (Friday, May 19, 2023)
Lite
Sorry, an error has occurred
For now, this data cannot be displayed. We are trying to fix it.
Back to Home- A Small Font
- A Medium Font
- A Bigger Font
The Jakarta Composite Index (IHSG) closed up 37.44 points, or 0.56%, to 6,700.561 at the end of trading on Friday (May 19, 2023).
This strengthening of the stock index occurred in line with the optimism of market players regarding the US debt ceiling agreement, which is expected to be successfully resolved.
"(The reason for the IHSG's strengthening) is primarily external, where market players are optimistic that the dynamics regarding the US debt ceiling negotiations can be resolved well, or yield results," said Mirae Asset Sekuritas analyst Nafan Aji Gusti, as quoted by Antara, Friday (May 19, 2023).
According to Nafan, clarity regarding the US debt agreement will provide a positive catalyst for global investors.
US President Joe Biden and House Speaker Kevin McCarthy reiterated their goal of reaching a swift agreement to raise the $31.4 trillion federal debt ceiling and agreed to speak as soon as possible.
Meanwhile, domestically, Nafan continued, the relatively solid domestic economic fundamentals provided a positive catalyst for market players.
Based on RTI Business data, the IHSG today moved in the range of 6,664.085 to 6,715.031.
The frequency of domestic stock trading today reached 1.35 million transactions. A total of 20.22 billion shares changed hands, with a total transaction value of Rp10.41 trillion.
The issuer with the code SAGE became the top gainer after strengthening by 13.38%. This was followed by MPXL and GTRA, which strengthened by 10.66% and 8.63%, respectively.
On the other hand, today's top loser was HAJJ, which contracted by 10%, followed by NCKL and IMAS, which weakened by 6.98% and 6.95%, respectively.
Although the stock index strengthened, the majority of stocks closed lower today. The details are 323 stocks weakened, 241 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."
Related Data
Latest Data Stories
Trending Topics
Popular Data