Indonesia's IDX Strengthens Amidst a Sea of Red in Asian Markets (Wednesday, September 4, 2024)
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The Jakarta Composite Index (JCI) strengthened by 0.74% to 7,672.9 at the close of trading on Wednesday (4/9/2024). This strengthening occurred amidst a weakening of Asian regional stock exchanges.
"Asian regional exchanges experienced a correction, seemingly influenced by the release of US manufacturing data, which fell from 48 to 47.9," said the research team at Pilarmas Investindo Sekuritas, as reported by *Antara*, Wednesday (4/9/2024).
This afternoon, the Nikkei index weakened by 4.24% to 37,047, the Hang Seng index weakened by 1.10% to 17,457, the Shanghai index weakened by 0.67% to 2,784, and the Straits Times index weakened by 1.12% to 3,441.
According to the IDX-IC Sectoral Index, seven domestic stock sectors strengthened today. The non-primary consumer goods sector led with a 1.83% increase, followed by the health and infrastructure sectors, which rose by 1.6% and 1.18%, respectively.
Four other stock sectors then experienced corrections. The basic materials sector fell the most, by 0.92%, followed by the transportation and primary consumer goods sectors, which fell by 0.45% and 0.32%, respectively.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was approximately 1.18 million transactions.
A total of 36.75 billion shares changed hands, with a total transaction value of approximately Rp 11.46 trillion.
A total of 331 stocks closed lower today, 268 stocks strengthened, and 193 stocks were stagnant.
Today's top gainers were BINO, which soared 34.59%, followed by AKSI and KJEN, which rose by 34.44% and 23.19%, respectively.
On the other hand, the stock with the code GULA became the top loser after plunging 17.21%, followed by OASA and RAAM, which fell by 8.61% and 7.29%, respectively.
"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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