Investors Book Profits, IHSG Closes Lower (Tuesday, September 3, 2024)
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The Jakarta Composite Index (JCI) weakened by 1.01% to 7,616.52 at the close of trading on Tuesday (September 3, 2024).
Pilarmas Sekuritas' analyst team assessed that this decline was driven by profit-taking by investors after the JCI hit an all-time high (ATH) in yesterday's trading.
"On the other hand, the market also views this as being inseparable from the potential decline in the quality of public purchasing power," said the Pilarmas Sekuritas team, as reported by Katadata.co.id, Tuesday (September 3, 2024).
Based on the IDX-IC Sectoral Index, 10 out of 11 stock sectors were corrected today. The non-primary consumer goods sector fell the most, by 4.27%, followed by the technology and infrastructure sectors, which fell by 2.51% and 1.11%, respectively.
Only one sector strengthened, namely the health sector, which rose by 0.49%.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.08 million transactions.
A total of 21.98 billion shares changed hands, with a transaction value of Rp 10.58 trillion.
364 stocks closed lower today, 227 stocks rose, and 203 stocks were stagnant.
KPIG was today's top loser, plunging 20.30%, followed by BCAP and GWSA, which fell by 16.19% and 13.07%, respectively.
On the other hand, today's top gainer was INTD, soaring 34.56%, followed by AKSI and PGLI, which rose by 33.33% and 28.57%, respectively.
In line with the JCI, almost all Asian markets closed in the red this afternoon. The Nikkei Index weakened by 0.04% to 38,686.30, the Hang Seng Index weakened by 0.23% to 17,651.49, the Shanghai Index weakened by 0.29% to 2,802.97, while the Straits Times Index strengthened by 0.50% to 3,480.34.
"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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