Interest Rates Hold Steady, Indonesia Stock Exchange Closes Higher (Wednesday, October 16, 2024)

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Nabilah Muhamad 16/10/2024 19:01 WIB
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Composite Stock Price Index (JCI) September 16 - October 16, 2024
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The Jakarta Composite Index (JCI or IHSG) strengthened by 0.29% to 7,648.94 at the close of trading on Wednesday (16/10/2024).

This increase occurred after Bank Indonesia announced that its benchmark interest rate (BI-rate) would remain at 6% in October 2024. The deposit facility interest rate remained at 5.25%, and the lending facility interest rate remained at 6.75%.

Based on the IDX-IC Sectoral Index, seven stock sectors strengthened today. The infrastructure sector led with a 1.20% increase, followed by the property and technology sectors, which rose by 1.18% and 1.07%, respectively.

Meanwhile, four other stock sectors experienced corrections, with the non-primary consumer sector falling the most, by 0.69%. This was followed by the finance and healthcare sectors, which fell by 0.39% and 0.21%, respectively.

According to RTI Business data, the frequency of domestic stock trades today reached 1.24 million transactions.

A total of 22.03 billion shares changed hands, with a total transaction value of Rp11.60 trillion.

320 stocks closed higher today, 245 stocks weakened, and 231 stocks were stagnant.

Today's top gainers were CITY, which soared 34.83%, followed by DNAR and LUCK, which rose by 34.78% and 24.64%, respectively.

On the other hand, the stock with the code MANG became the top loser after falling 9.35%, followed by MSIN and BCIP, which corrected by 8.47% and 8.20%, respectively.

In line with the IHSG, almost all Asian stock exchanges closed in the green this afternoon. The Hang Seng Index rose 0.90% to 20,501.77, the Shanghai Index rose 0.40% to 3,214.01, the Straits Times Index rose 0.42% to 3,610.74, while the Nikkei fell 1.65% to 39,252.80.

Editor : Adi Ahdiat

"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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