Interest Rates Hold Steady, Indonesia Stock Exchange Closes Higher (Wednesday, October 16, 2024)
- A Small
- A Medium
- A Bigger
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.
"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."
Related Data
Latest Data Stories
Trending Topics
Popular Data