IDX Strengthens Following BI's Decision to Hold Benchmark Interest Rate (Tuesday, July 25, 2023)

The Jakarta Composite Index (JCI) strengthened by 18.31 points or 0.27% to 6,917.71 at the close of trading on Tuesday (25/7/2023).

The strengthening of the stock index today is in line with the announcement of the results of the Bank Indonesia (BI) meeting, which maintained the benchmark interest rate at 5.75%.

In addition, BI also maintained the Deposit Facility interest rate at 5% and the Lending Facility interest rate at 6.50%.

Based on the IDX-IC Sectoral Index, today's JCI strengthening was led by the basic materials sector, which rose 0.72%, followed by the transportation and logistics sector, which rose 0.44%, and the industrial sector, which rose 0.13%.

On the other hand, eight sectors were corrected. The primary consumer goods sector fell the most, namely minus 1.29%, followed by the health and infrastructure sectors, which fell 0.61% and 0.41%, respectively.

Referring to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.46 million transactions.

A total of 17.51 billion shares changed hands, with transaction value reaching Rp9.51 trillion.

The issuer with the code MAHA became the top gainer after strengthening by 34.75%, followed by issuers INET and ERTX, which strengthened by 27.21% and 19.57%, respectively.

Meanwhile, today's top loser was AMAN, which weakened by 14.89%, followed by HELI and SULI, which contracted by 14.68% and 11.76%, respectively.