IDEX Falls Amidst Trade Surplus (Monday, April 17, 2023)
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The Jakarta Composite Index (IHSG) closed down 30.99 points, or 0.45%, to 6,787.58 on Monday, April 17, 2023.
This weakening occurred after the government released data showing a trade surplus. The Central Bureau of Statistics (BPS) reported a trade surplus of USD 2.91 billion in March 2023, marking the 35th consecutive surplus since May 2020.
The March 2023 surplus was supported by non-oil and gas exports reaching USD 4.58 billion, with the main contributing commodities being mineral fuels HS 27, animal and vegetable fats and oils HS 15, and iron and steel HS 72.
According to the Research Team at Pilarmas Investindo Sekuritas, today's index weakening was due to profit-taking ahead of the upcoming Eid al-Fitr 2023 holidays.
Based on RTI Business data, the frequency of stock trading on the domestic exchange today was 1.17 million transactions.
A total of 13.81 billion shares changed hands, with a transaction value of Rp 8.97 trillion.
PADA was the top loser, weakening by 6.67%, followed by MARI and SAGE, which contracted by 6.49% and 6.34%, respectively.
Today's top gainers were NASI, which strengthened by 11.9%, followed by OASA and WIFI, which strengthened by 9.93% and 9.89%, respectively.
The majority of stocks closed lower today. Specifically, 282 stocks weakened, 227 stocks strengthened, and 214 stocks were stagnant.
"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."