Indonesia's Stock Exchange (IHSG) Falls Further Amidst Israel-Iran Tensions (Thursday, October 3, 2024)
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The Jakarta Composite Index (IHSG) weakened 0.26% to 7,543.83 at the close of trading on Thursday (October 3, 2024), continuing the decline from yesterday.
"The stock index performance was pressured by the escalating tensions between Israel and Iran, triggering concerns about a wider conflict in the Middle East," said the research team at Phillip Sekuritas Indonesia, as reported by Antara, Thursday (October 3, 2024).
Based on the IDX-IC Sectoral Index, five sectors declined today. The technology sector fell the most, by 1.12%, followed by the energy and health sectors, which fell 0.71% and 0.69%, respectively.
Meanwhile, six other sectors strengthened. The non-primary consumer goods sector led with a 0.64% increase, followed by the property and industrial sectors, which rose 0.44% and 0.31%, respectively.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.26 million transactions.
A total of 20.69 billion shares changed hands, with a total transaction value of Rp 12.14 trillion.
296 stocks closed lower today, 284 stocks rose, and 216 stocks were stagnant.
HEXI was today's top loser, plunging 10.81%, followed by BRMS and IBOS, which fell 8.96% and 8.46%, respectively.
On the other hand, today's top gainer was KRAS, soaring 24.06%, followed by LABA and HOMI, which rose 22.49% and 14.85%, respectively.
Asian stock exchanges closed mixed this afternoon. The Nikkei index rose 1.97% to 38,552.10, the Hang Seng index fell 1.47% to 22,113.50, and the Straits Times index fell 0.20% to 3,577.42, while the Shanghai index was closed for a 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."
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