Indonesia's Composite Stock Price Index (IHSG) Closes Lower After a Week of Gains (Wednesday, October 23, 2024)
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The Jakarta Composite Index (IHSG) closed slightly weaker at 7,787.56 on Wednesday (23/10/2024), down 0.02%. This decline ended the IHSG's rally, which had shown positive growth in the previous week.
Based on the IDX-IC Sectoral Index, five domestic stock sectors were corrected today. The property sector experienced the sharpest decline at 1.04%, followed by the basic materials and infrastructure sectors, which corrected by 0.57% and 0.42%, respectively.
Meanwhile, six other stock sectors strengthened. The transportation sector led the gains with a 1.08% increase, followed by the consumer staples and industrial sectors, which rose by 0.87% and 0.49%, respectively.
According to RTI Business data, today's domestic stock market trading frequency reached 1.37 million transactions.
A total of 33.99 billion shares changed hands, with a total transaction value of Rp14.79 trillion.
323 stocks closed lower today, 243 stocks rose, and 228 stocks were stagnant.
UNIQ was today's top loser, plunging 24.49%, followed by PSAB and JARR, which fell by 10.55% and 10.50%, respectively.
On the other hand, AGRS was today's top gainer, soaring 34.57%, followed by BIPI and HOMI, which rose by 26.76% and 24.49%, respectively.
Unlike the IHSG, almost all Asian stock exchanges closed in the green this afternoon. The Hang Seng Index rose 1.27% to 20,760.15; the Shanghai Index rose 0.52% to 3,302.80; the Straits Times Index rose 0.37% to 3,600.78; while the Nikkei Index fell 0.80% to 38,104.89.
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