Investors Book Profits, IHSG Closes Lower (Monday, November 4, 2024)
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The Jakarta Composite Index (IHSG) weakened by 0.34% to 7,479.50 at the close of trading on Monday (November 4, 2024).
Ajaib Sekuritas assessed that this weakening was partly driven by profit-taking by foreign investors in the domestic equity market, amounting to Rp2.64 trillion.
"Market players need to consider the impact of the rupiah's renewed depreciation and the high-interest rate environment on consumer purchasing power," said the Ajaib Sekuritas team, as reported by Katadata, Monday (November 4, 2024).
Based on the IDX-IC Sectoral Index, 10 out of 11 stock sectors corrected today. The transportation sector fell the most, by 2.24%, followed by the basic materials and property sectors, which fell by 1.54% and 1.51%, respectively.
Only one sector strengthened, the primary consumer goods sector, which rose slightly by 0.09%.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.52 million transactions.
A total of 23.30 billion shares changed hands, with a total transaction value of Rp11.06 trillion.
444 stocks closed lower today, 173 stocks were stagnant, and 169 stocks strengthened.
The issuer with the code MPPA was today's top loser after plunging 25.47%, followed by BDKR and MLPL, which fell by 19.63% and 18.92%, respectively.
On the other hand, today's top gainer was DART, which soared 34.91%, followed by DIVA and NFCX, which rose by 34.71% and 24.68%, respectively.
Unlike the IHSG, the majority of Asian stock exchanges this afternoon were in the green. The Hang Seng Index rose 0.30% to 20,567.51; the Shanghai Composite Index rose 1.17% to 3,310.20; the Shenzhen Component Index rose 0.47% to 3,572.04; while the Nikkei index was closed for a holiday.
"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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