IDHSI Dips, Market Awaits Prabowo-Gibran Cabinet (Thursday, October 10, 2024)
- A Small
- A Medium
- A Bigger
The Jakarta Composite Index (JCI) weakened 0.28% to 7,480.08 at the close of trading on Thursday (10/10/2024).
According to Pilarmas Sekuritas, the index fell today because market players are still awaiting information about the new Prabowo-Gibran administration's cabinet.
"The market hopes that the ministers chosen will understand the global situation so that they can maintain the national economy," said the Pilarmas Sekuritas team, as reported by *Katadata*, Thursday (10/10/2024).
Based on the IDX-IC Sectoral Index, eight domestic stock sectors were corrected today. The basic materials sector fell the most, by 0.78%, followed by the technology and property sectors, which corrected by 0.73% and 0.37%, respectively.
Meanwhile, three other stock sectors strengthened. The non-primary consumer goods sector led the increase by 1.85%, followed by the transportation and primary consumer goods sectors, which rose by 1.43% and 0.22%, respectively.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.07 million transactions.
A total of 18.54 billion shares changed hands, with a total transaction value of Rp 9.08 trillion.
279 stocks closed lower today, 257 stocks rose, and 251 stocks were stagnant.
The issuer with the code LEAD was today's *top loser* after plunging 12.16%, followed by MANG and CITY, which fell by 9.82% and 7.61%, respectively.
On the other hand, today's *top gainer* was KOBX, which soared 34.19%, followed by LIVE and DMMX, which rose by 24.75% and 22.67%, respectively.
Unlike the JCI, almost all Asian stock exchanges this afternoon were in the green. The Nikkei index rose 0.26% to 39,380.9, the Hang Seng index rose 2.98% to 21,251.98, the Shanghai index rose 1.32% to 3,301.93, and the Strait Times index fell 0.29% to 3,585.29.
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