Fed Raises Interest Rates, Indonesia's Composite Stock Price Index (IHSG) Closes Up 0.27% (Thursday, November 3, 2022)
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The United States Federal Reserve (The Fed) recently raised its benchmark interest rate by 75 basis points (bps) to a range of 3.75-4% on Wednesday evening local time (November 2, 2022).
This decision appears to have had no significant impact on the domestic stock exchange. On Thursday (November 3, 2022), the Jakarta Composite Index (IHSG) closed slightly up 0.27% at 7,034.57. This positive movement in the index follows two consecutive days of decline.
According to the Indonesia Stock Exchange (BEI) report, today's trading frequency was recorded at 1.13 million transactions.
A total of 21.24 billion shares changed hands, with a transaction value reaching Rp 12.21 trillion.
The issuer with the code PBRX was today's top gainer, strengthening by 27.91%. This was followed by issuers PICO and HITS, which strengthened by 24.84% and 24.42%, respectively.
Meanwhile, the issuer SKRN weakened by 6.89% today and became the top loser. Following this were UFOE and PSGO, which experienced contractions of 6.78% and 6.71%, respectively.
Although the index strengthened, the majority of stocks closed lower today. The breakdown is as follows: 288 stocks weakened, 271 stocks were stagnant, and 255 stocks strengthened.
"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."