US Recession Fears Weigh on Weakening Indonesian Stock Exchange (Thursday, December 8, 2022)
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The Jakarta Composite Index (JCI or IHSG) corrected 14.52 points, or 0.21%, to close at 6,804.23 on Thursday, December 8, 2022.
This weakening of the index has lasted for six consecutive days, allegedly due to market concerns about a recession in the United States (US).
"The weakening of the IHSG is still caused by external factors related to the weakening on Wall Street due to concerns about a recession in the US. In addition, the correction in several commodity prices, especially coal, also became an additional negative sentiment," said Mino, an analyst at Indo Premier Sekuritas, as quoted by Antara news agency on Thursday (8/12/2022).
Based on the Indonesia Stock Exchange report, the frequency of stock trading on the domestic exchange today was recorded at 1.16 million transactions.
A total of 21.95 billion shares changed hands, with a transaction value reaching Rp 15.14 trillion.
The issuer with the code NINE was the top loser, with a weakening of 8.77%. This was followed by issuers ARTA and AMRT, which contracted by 6.96% and 6.94%, respectively.
Meanwhile, the issuer GPSO strengthened by 34.23% and became the top gainer. Following this were CHEM and KMTR, which strengthened by 27.61% and 25%, respectively.
The majority of shares in today's trading closed weaker. The details are: 326 shares weakened, 268 shares were stagnant, and 232 shares strengthened.
"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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