Indonesia's Stock Exchange (IHSG) Weakens Following Asian Market Trend (Wednesday, October 30, 2024)
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The Jakarta Composite Index (IHSG) weakened by 0.48% to 7,569.85 at the close of trading on Wednesday (30/10/2024).
According to Pilarmas Sekuritas, today's index decline is in line with the weakening trend in Asian markets.
"The IHSG and regional Asian exchanges weakened as investors exercised caution ahead of the release of China's manufacturing data and a series of key US economic data releases this week," said the Pilarmas Sekuritas team, as reported by *Antara*, Wednesday (30/10/2024).
Almost all regional Asian exchanges closed in the red this afternoon. The Hang Seng Index fell 1.55% to 20,380.64, the Shanghai Index fell 0.61% to 3,266.23, the Straits Times Index fell 0.88% to 3,558.87, with only the Nikkei Index rising 1.01% to 39,298.
Based on the IDX-IC Sectoral Index, eight domestic stock sectors were corrected today. The primary consumer goods sector fell the most, by 1.20%, followed by the technology and raw materials sectors, which corrected by 1.14% and 0.31%, respectively.
Meanwhile, three other sectors strengthened, with the non-primary consumer goods sector leading with a 0.23% increase. The health and energy sectors rose by 0.17% and 0.12%, respectively.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.26 million transactions.
A total of 18.49 billion shares changed hands, with a total transaction value of Rp 11.80 trillion.
354 stocks closed lower today, 234 stocks rose, and 191 stocks were stagnant.
IBOS was today's *top loser* after plunging 9.89%, followed by LABA and TPMA, which fell 9.40% and 7.59%, respectively.
On the other hand, today's *top gainer* was GPSO, which soared 34.58%, followed by MPPA and SONA, which rose 18.09% and 17.44%, respectively.
"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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