Foreign Exchange Reserves Increase, IHSG Strengthens (Friday, September 6, 2024)
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The Jakarta Composite Index (JCI) strengthened by 0.53% to 7,721.85 at the close of trading on Friday (September 6, 2024).
According to Pilarmas Sekuritas, this JCI strengthening is a positive market response to the increase in foreign exchange reserves.
Foreign exchange reserves grew from US$145.4 billion (July 2024) to US$150.2 billion (August 2024).
According to the IDX-IC Sectoral Index, six domestic stock sectors strengthened today. The finance sector led with a 1.91% increase, followed by the health and property sectors, which rose by 0.55% and 0.27%, respectively.
Meanwhile, five other stock sectors experienced corrections. The industrial sector fell the most, by 0.65%, followed by the energy and infrastructure sectors, which fell by 0.61% and 0.48%, respectively.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was approximately 1.08 million transactions.
A total of 24.26 billion shares changed hands, with a total transaction value of approximately Rp 9.67 trillion.
311 stocks closed higher today, 281 stocks weakened, and 201 stocks were stagnant.
Today's top gainers were PICO, which soared 34.38%, followed by BINO and PYFA, which rose 17.29% and 15.32%, respectively.
On the other hand, the stock with the code LABA was the top loser after plunging 9.68%, followed by DOID and SICO, which fell 5.80% and 5.51%, respectively.
Unlike the JCI, almost all Asian stock exchanges experienced corrections this afternoon. The Nikkei index weakened by 0.72% to 36,391.50, the Shanghai index weakened by 0.81% to 2,765.81, the Straits Times index weakened by 0.12% to 3,454.46, while the Hang Seng index was closed for the national holiday.
"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."