Indonesia's Stock Exchange (IHSG) Weakens After Central Bank Holds Benchmark Interest Rate (Wednesday, July 17, 2024)
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The Jakarta Composite Index (JCI) closed down 0.074 points or 0% to 7,224.21 at the end of trading on Wednesday (17/7/2024). This weakening occurred after Bank Indonesia (BI) decided to maintain its benchmark interest rate, or BI *rate*.
In July 2024, the BI *rate* remained at 6.25%. In addition, BI also maintained the *deposit facility* interest rate at 5.50% and the *lending facility* interest rate at 7%.
(See also: BI Maintains Benchmark Interest Rate at 6.25% in July 2024)
Based on the IDX-IC Sectoral Index, six sectors experienced corrections today. The health sector fell the most, by 0.42%, followed by the basic materials and technology sectors, which fell by 0.32% and 0.25%, respectively.
Meanwhile, five other sectors strengthened. The non-primary consumer goods sector rose the highest, by 0.76%, followed by the transportation and finance sectors, which rose by 0.57% and 0.38%, respectively.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.09 million transactions.
A total of 28.04 billion shares changed hands, with a transaction value of Rp 11.68 trillion.
251 stocks closed lower today, 287 stocks rose, and 250 stocks were stagnant.
RICY was today's *top loser*, plunging 11%, followed by KIJA and BREN, which fell by 8.67% and 8.53%, respectively.
On the other hand, today's *top gainer* was IOTF, which soared 34.94%, followed by MSKY and BSBK, which rose by 34.38% and 22.08%, respectively.
Asian stock exchanges closed mixed this afternoon. The Nikkei index fell 0.43% to 41,097.69, the Hang Seng Index rose 0.06% to 17,739.41, the Shanghai index fell 0.45% to 2,962.86, and the Straits Times index rose 0.05% to 3,489.57.
(See: 270 Stocks in the Red, JCI Closes Down 0.75% (Tuesday, July 16, 2024))
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Related Data
Market Data
| Name | Value | % | |
|---|---|---|---|
| Inflasi yoy (Jun) | 3,34% | +0.26 | |
| Inflasi mom (Jun) | 0,44% | +0.16 | |
| Economic growth | 5,11% | +0.08 | |
| Pertumbuhan ekonomi (yoy) (Q1) | 5,61% | +4.08 | |
| Persentase kemiskinan (Des) | 7,50% | -0.75 | |
| Gini rasio (Sem2) | 0,38 | 0.00 | |
| Nilai Tukar USDIDR | 18.067 | +0.11 | |
| PDB ADHK (Q1) | 3.447,70 | -0.77 | |
| Ekspor Migas (Mei) | 758,10 | -34.38 | |
| Neraca perdagangan (Mei) | -1,61 | -1,907.18 | |
| Impor Migas (Mei) | 4,51 | -1.82 | |
| Ekspor (Mei) | 23,20 | -8.30 | |
| Impor (Mei) | 24,81 | -1.59 | |
| Kunjungan Wisman (Mei) | 1,38 | +10.69 | |
| NTP (Jun) | 114,65 | +0.76 |