Indonesia's Composite Stock Price Index (IHSG) Weakens in Line with Asian Stock Markets (Wednesday, July 24, 2024)

The Jakarta Composite Index (JCI) weakened by 0.70% to 7,262.76 at the close of trading on Wednesday (24/7/2024).

According to Pilarmas Investindo Sekuritas, this weakening was partly triggered by external sentiment.

"Externally, regional Asian exchanges weakened; the market seems focused on assessing the contraction in Japanese and Australian manufacturing data," said the Pilarmas Investindo Sekuritas team, as reported by *Antara*, Wednesday (24/7/2024).

Today, Asian markets were collectively in the red. The Nikkei Index weakened by 1.11% to 39,154.89, the Hang Seng Index weakened by 0.91% to 17,311.05, the Shanghai Index weakened by 0.46% to 2,901.94, and the Straits Times Index weakened by 0.01% to 3,460.82.

Based on the IDX-IC Sectoral Index, eight domestic stock sectors were corrected today. The technology sector fell the most, by 1.67%, followed by the infrastructure and primary consumer goods sectors, which fell by 1.49% and 0.71%, respectively.

Meanwhile, three other stock sectors strengthened. The transportation sector rose the highest, by 0.77%, followed by the industrial and non-primary consumer goods sectors, which rose by 0.56% and 0.03%, respectively.

According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.04 million transactions.

A total of 16.42 billion shares changed hands, with a transaction value of Rp7.37 trillion.

323 stocks closed lower today, 237 stocks were stagnant, and 233 stocks strengthened.

The issuer with the code ISEA was today's *top loser* after plunging 16.98%, followed by BSBK and AREA, which fell by 11.7% and 10.11%, respectively.

On the other hand, today's *top gainer* was HELI, which soared 34.62%, followed by BCIC and LUCK, which rose by 21.88% and 13.46%, respectively.