Jakarta Composite Index Closes Higher Amidst US Presidential Election (Tuesday, November 5, 2024)
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The Jakarta Composite Index (IHSG) strengthened by 0.17% to 7,491.93 at the close of trading on Tuesday (November 5, 2024).
Pilarmas Sekuritas assessed that this increase occurred amid market participants focusing on the United States presidential election. Polls show a tight race between Donald Trump and Kamala Harris.
"Furthermore, the market reacted positively to private survey data showing China's service sector grew at its fastest pace in three months in October," said the Pilarmas Sekuritas team, as reported by *Katadata* on Tuesday (November 5, 2024).
Based on the IDX-IC Sectoral Index, five sectors strengthened today. The energy sector led with a 0.82% increase, followed by the consumer staples and finance sectors, which rose by 0.74% and 0.59%, respectively.
Then six other sectors corrected. The technology sector fell the most, by 0.97%, followed by the transportation and infrastructure sectors, which fell by 0.95% and 0.81%, respectively.
According to RTI Business data, the frequency of domestic stock trading today reached 1.29 million transactions.
A total of 20.35 billion shares changed hands, with a total transaction value of Rp 11.48 trillion.
327 stocks closed lower today, 252 stocks strengthened, and 211 stocks were stagnant.
Today's top gainers were BOBA, which soared 17.92%, followed by DNAR and KOBX, which rose 15.45% and 14.89%, respectively.
On the other hand, FORU became the top loser after plunging 19.84%, followed by DART and DIVA, which corrected by 19.30% and 17.79%, respectively.
In line with the IHSG, all Asian regional exchanges closed higher. The Nikkei index rose 1.11% to 38,474.89; the Hang Seng index rose 2.14% to 21,006.97; the Shanghai index rose 2.32% to 3,386.98; and the Straits Times index rose 0.27% to 3,581.61.
"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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