Indonesia's Stock Exchange (IHSG) Weakens Amidst Trade Surplus (Wednesday, March 15, 2023)

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Cindy Mutia Annur 15/03/2023 18:21 WIB
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Composite Stock Price Index (IHSG) February 15 – March 15, 2023
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The Jakarta Composite Index (IHSG) fell 13.67 points, or 0.21%, to close at 6,628.14 on Wednesday, March 15, 2023.

This weakening occurred despite the announcement of a trade surplus. Indonesia's Central Bureau of Statistics (BPS) reported a trade surplus of USD 5.48 billion in February 2023, up from USD 3.87 billion in January 2023.

"The trade surplus will provide a positive catalyst. However, the market seems to be adopting a wait-and-see approach, awaiting Bank Indonesia's (BI) policy direction regarding its benchmark interest rate, which will be released tomorrow, Thursday, and will provide clues to domestic monetary stability," said the research team at Pilarmas Investindo Sekuritas, as quoted by Antara news agency on Wednesday (15/3/2023).

Based on data from the Indonesia Stock Exchange (IDX), today's trading frequency reached 1.15 million transactions.

A total of 15.92 billion shares changed hands, with a transaction value of Rp 12.65 trillion.

NAYZ was the top loser, weakening by 9.52%. This was followed by PICO and NFCX, which contracted by 7% and 6.97%, respectively.

Today's top gainers were CUAN, which strengthened by 25%, followed by TRIN and IRSX, which strengthened by 24.3% and 12.22%, respectively.

The majority of stocks closed lower today. Specifically, 331 stocks weakened, 281 stocks were stagnant, and 243 stocks strengthened.

Editor : Adi Ahdiat

"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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