US Presidential Election Results Awaited, Indonesian Stock Exchange Closes Lower (Wednesday, November 6, 2024)
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The Jakarta Composite Index (IHSG) weakened by 1.44% to 7,383.86 at the close of trading on Wednesday (November 6, 2024).
The weakening occurred as market players awaited the results of the United States presidential election (US Presidential Election).
According to AP News, Donald Trump was temporarily leading with 267 electoral votes, while Kamala Harris had 224 electoral votes. Trump only needed three more electoral votes to win the presidential election.
Based on the IDX-IC Sectoral Index, 9 out of 11 stock sectors were corrected today. The technology sector fell the most, by 2.97%, followed by the property and financial sectors, which fell by 2% and 1.77%, respectively.
Meanwhile, the two other sectors strengthened, namely the industrial and raw materials sectors, which rose by 0.38% and 0.18%, respectively.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.35 million transactions.
A total of 26.41 billion shares changed hands, with a total transaction value of Rp 11.99 trillion.
398 stocks closed lower today, 197 stocks rose, and 195 stocks were stagnant.
The issuer with the code MPPA was today's top loser after plunging 20.10%, followed by ASRI and ACES, which fell by 7.25% and 6.56%, respectively.
On the other hand, today's top gainer was FMII, which soared 25%, followed by CITY and DKFT, which rose by 17.50% and 16.35%, respectively.
Asian stock exchanges closed mixed this afternoon. The Nikkei index rose 2.61% to 39,480.69; the Hang Seng index fell 2.23% to 20,538.38; the Shanghai index fell 0.09% to 3,383.81; and the Straits Times index rose 0.60% to 3,602.98.
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