Indonesia's IDX Closes Higher, Following Global Market Trend (Tuesday, February 14, 2023)
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The Jakarta Composite Index (JCI) strengthened by 41.71 points or 0.6% to 6,941.85 at the close of trading on Tuesday, February 14, 2023.
"Today's JCI strengthening is in line with the majority of strengthening global stock market movements," said MNC Sekuritas analyst Herditya Wicaksana, as quoted by Antara, Tuesday (14/2/2023).
On the other hand, the market is still awaiting the release of the United States (US) inflation data, which will be announced on Tuesday (14/2/2023) local time.
According to Herditya, several parties predict that US inflation in January 2023 slowed to 6.2% (year-on-year/yoy), compared to the previous month's 6.5% (yoy).
He also assessed that the domestic market is still awaiting the results of the Bank Indonesia (BI) Board of Governors Meeting (RDG BI) on Thursday (16/1), which is expected to maintain the benchmark interest rate at 5.75%.
Based on data from the Indonesia Stock Exchange (IDX), today's stock trading frequency was 1.09 million transactions.
A total of 17.97 billion shares changed hands, with a transaction value of Rp 8 trillion.
The issuer with the code MEDS became the top gainer with a strengthening of 22.3%. Followed by IPPE and BPTR which strengthened by 16% and 15.52% respectively.
Meanwhile, today's top loser was EURO, which contracted by 9.74%, followed by PGJO and PACK, which weakened by 9.21% and 8.93% respectively.
Although the stock index strengthened, the majority of stocks closed stagnant today. The details are 323 stagnant stocks, 277 strengthening stocks, and 245 weakening stocks.
"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."