Indonesia's Stock Exchange (IHSG) Closes Higher at the Start of the Year Amid Stable Inflation (Tuesday, January 2, 2024)
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) strengthened by 50.79 points or 0.7% to 7,323.58 at the close of trading on Tuesday (January 2, 2024). The index's strengthening is in line with stable domestic inflation.
"The positive movement of the IHSG today was influenced by economic data such as the positive growth of the Manufacturing PMI and stable inflation," said Jono Syafei, Analyst at Henan Putihrai Sekuritas, as reported by Antara, Tuesday (January 2, 2024).
The Central Statistics Agency (BPS) reported that the Consumer Price Index (CPI) inflation was 0.41% month-to-month (mtm) in December 2023. The CPI increased from 116.08 in November 2023 to 116.56 in December 2023.
With this development, year-on-year (yoy) inflation was 2.6% and calendar year 2023 inflation was 2.6% year-to-date (ytd).
Based on the IDX-IC Sectoral Index, seven sectors increased, led by the transportation & logistics sector by 3.34%; followed by the energy and raw materials sectors, which rose by 2% and 1.89% respectively.
Meanwhile, four sectors declined, with the health sector falling the most at -1.64%, followed by the property and finance sectors, which fell by 0.5% and 0.43% respectively.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 932,960 transactions.
A total of 13.99 billion shares changed hands, with a total transaction value of Rp6.8 trillion.
The majority, or 320 stocks, strengthened, 240 stocks weakened, and 212 stocks were stagnant.
Today's top gainers were OKAS, which soared 34.41%, followed by DOOH and BAPA, which rose 32.53% and 17.91% respectively.
Meanwhile, the stock with the code VTNY was today's top loser after plunging 25%, followed by ESTA and PANR, which fell 23.08% and 12.31% respectively.
Most regional Asian stock exchanges weakened this afternoon. The Hang Seng Index weakened by 258.84 points or 1.52% to 16,788.55; the Shanghai Index weakened by 12.65 points or 0.43% to 2,962.28; and the Straits Times Index weakened by 10.32 points or 0.32% to 3,229.95.
"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