Asian Currencies Weaken, Indonesian Stock Exchange (IHSG) Sees Slight Dip (Wednesday, September 11, 2024)

Amidst a weakening trend in Asian markets, the Jakarta Composite Index (IHSG) fell slightly by 0.01% to 7,760.96 at the close of trading on Wednesday (September 11, 2024).

Meanwhile, the Nikkei index weakened by 1.49% to 35,619.80 this afternoon, the Hang Seng index fell by 0.73% to 17,108.71, and the Shanghai index declined by 0.82% to 2,721.80. Only the Straits Times index strengthened, rising by 0.53% to 3,531.16.

"Asian markets were dominated by weakness amid a wait-and-see attitude among market players awaiting the release of US inflation data and the highly anticipated US presidential debate," said the Pilarmas Sekuritas team, as reported by Antara on Wednesday (September 11, 2024).

According to Pilarmas Sekuritas, the first debate between US presidential candidates Kamala Harris and Donald Trump is significant because it is predicted to influence long-term monetary policy, fiscal policy, and US economic plans.

Domestically, based on the IDX-IC Sectoral Index, six stock sectors were corrected today.

The non-primary consumer goods sector fell the most, by 2.24%, followed by the infrastructure and industrial sectors, which fell by 0.45% each.

Meanwhile, five other stock sectors strengthened. The technology sector rose the highest, by 1.66%, followed by the property and transportation sectors, which rose by 0.87% and 0.78%, respectively.

According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.21 million transactions.

A total of 19.15 billion shares changed hands, with a transaction value of Rp 11.15 trillion.

351 stocks closed lower today, 225 stocks rose, and 220 stocks were stagnant.

The issuer with the code MTWI was today's top loser, falling by 14.81%, followed by WIKA and KARW, which fell by 11.50% and 9.86%, respectively.

On the other hand, today's top gainer was OPMS, which soared by 33.33%, followed by HOMI and LABA, which rose by 32% and 24.56%, respectively.