New Record High, IHSG Closes at 7,436 (Wednesday, August 14, 2024)

The Jakarta Composite Index (JCI) hit a new all-time closing high today. At the end of trading on Wednesday (August 14, 2024), the index closed up 1.08% to 7,436.04.

According to Pilarmas Investindo Sekuritas, the JCI and regional Asian exchanges tended to strengthen, following the positive trend of the United States (US) stock market, in line with the release of US producer inflation data that was lower than expected.

"Market players responded to the release of this data, which indicates that US producer growth is slowing down, so this will be a consideration for the Fed in its monetary policy," quoted from Pilarmas Investindo Sekuritas's analysis, as reported by *Katadata.co.id*, Wednesday (August 14, 2024).

Based on the IDX-IC Sectoral Index, 10 out of 11 stock sectors strengthened today. The consumer staples sector led with a 3.42% increase, followed by the infrastructure and basic materials sectors, which rose by 1.51% and 1.27%, respectively.

Only one sector weakened today, the property sector, which fell by 0.25%.

According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.1 million transactions.

A total of 17.6 billion shares changed hands, with a total transaction value of Rp 10.96 trillion.

333 stocks closed higher today, 241 stocks weakened, and 220 stocks were stagnant.

Today's top gainers were WIKA, which soared 18.80%, followed by RICY and VKTR, which rose 17.72% and 13.93%, respectively.

On the other hand, HALO was the top loser, contracting 6.67%, followed by INET and APLN, which fell 6.58% and 5.31%, respectively.

Asian stock exchanges closed mixed this afternoon. The Nikkei index strengthened by 0.58% to 36,442, the Hang Seng index weakened by 0.35% to 17,113, the Shanghai index weakened by 0.60% to 2,850, and the Straits Times index strengthened by 0.85% to 3,286.