Indonesia's IDX Closed Lower Amidst a "Wait-and-See" Market Awaiting US Inflation Data Release (Thursday, January 11, 2024)
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The Jakarta Composite Index (IHSG) weakened by 7.33 points or 0.1% to 7,219.96 at the close of trading on Thursday (January 9, 2024). This weakening is in line with market players adopting a wait-and-see approach ahead of the release of the United States Consumer Price Index (CPI) on Thursday evening.
“Today, market attention is focused on the US Consumer Price Index (CPI) report, which is expected to decline,” said the Pilarmas Investindo Sekuritas Research Team, as reported by Antara, Thursday (January 11, 2024).
Based on the IDX-IC Sectoral Index, four sectors declined, led by the primary consumer goods sector, which fell by 0.75%, followed by the basic materials and energy sectors, which fell by 0.56% and 0.36%, respectively.
Meanwhile, seven sectors increased, led by the transportation and logistics sector by 1.29%, followed by the finance and non-primary consumer sectors, which rose by 0.91% and 0.87%, respectively.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.32 million transactions.
A total of 23.21 billion shares changed hands, with a transaction value of Rp9.62 trillion.
The issuer with the code STRK was the top loser today after plunging 16.67%, followed by HUMI and BREN, which fell by 11.63% and 11.01%, respectively.
On the other hand, the top gainer today was ACRO, which jumped 34.26%, followed by CGAS and MAYA, which increased by 24.76% and 24.65%, respectively.
A total of 267 stocks closed lower today, 252 stocks were stagnant, and 249 stocks strengthened.
The majority of regional Asian stock exchanges closed higher this afternoon. Specifically, the Nikkei index rose 608.19 points or 1.77% to 35,049.89, the Hang Seng index rose 204.76 points or 1.27% to 16,302.04, the Shanghai index fell 8.95 points or 0.31% to 2,886.65, and the Straits Times index fell 21.45 points or 0.67% to 3,201.41.
"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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