Jakarta Composite Index (JCI) Strengthens, Nearing 7,000 Level (Monday, September 4, 2023)

The Jakarta Composite Index (JCI) strengthened by 19.09 points or 0.27% to 6,996.75, approaching the psychological level of 7,000 at the close of trading on Monday (4/9/2023).

Based on the IDX-IC Sectoral Index, seven stock sectors strengthened today, led by the energy sector, which rose 1.42%, followed by the basic materials sector, up 1.22%, and the industrial sector, up 0.58%.

On the other hand, four stock sectors were corrected today. The deepest weakening was experienced by the consumer staples sector, which fell 1.12%, followed by the health sector, down 0.90%, and the infrastructure sector, down 0.43%.

Based on RTI Business data, the frequency of stock trading on the domestic exchange today was 1.17 million transactions.

A total of 20.86 billion shares changed hands, with transaction value reaching Rp9.30 trillion.

The issuer with the code ELIT entered the top gainers after strengthening by 15%, followed by issuers SGER and MARI, which strengthened by 11.23% and 10.77%, respectively.

Meanwhile, today's top losers were ASHA, which weakened by 34.94%, followed by OKAS and IRSX, which contracted by 15.56% and 13.75%, respectively.

Although the stock index strengthened, the majority of stocks closed weaker today. The details are: 277 stocks weakened, 257 stocks strengthened, and 225 stocks were stagnant.

Meanwhile, Asian regional stock exchanges closed higher this afternoon. The Nikkei index strengthened by 0.70% to 32,939.1, the Hang Seng index strengthened by 2.51% to 18,844.160, the Shanghai index strengthened by 1.40% to 3,177.06, and the Straits Times index strengthened by 0.18% to 3,238.9.

(Also read: IHSG Remains Weak, Health Sector Falls the Most (Thursday, August 31, 2023))