Interest Rates Held Steady, Indonesia Stock Exchange Closes Lower (Wednesday, November 20, 2024)
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The Jakarta Composite Index (JCI) fell 0.21% to 7,180.33 at the close of trading on Wednesday (20/11/2024).
The index fell after Bank Indonesia (BI) announced it was holding its benchmark BI-rate at 6% in November 2024, with the deposit facility rate remaining at 5.25% and the lending facility rate at 6.25%.
"This decision is consistent with the direction of monetary policy to maintain controlled inflation within the target of 2.5% plus or minus 1% in 2024 and 2025, and to support sustainable economic growth," said BI Governor Perry Warjiyo, as reported by Katadata, Wednesday (20/11/2024).
Based on the IDX-IC Sectoral Index, seven domestic stock sectors were corrected today. The technology sector fell the most, by 1.94%, followed by the property and consumer staples sectors, which corrected by 0.71% and 0.52%, respectively.
Meanwhile, four other sectors strengthened, with the energy sector leading with a 0.37% increase. The financial and healthcare sectors rose by 0.33% each.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.08 million transactions.
A total of 19.52 billion shares changed hands, with a total transaction value of Rp 8.73 trillion.
310 stocks closed lower today, 250 stocks strengthened, and 229 stocks were stagnant.
The issuer with the code NAIK was the top loser today after plunging 15.91%, followed by DNAR and VERN, which fell 10.14% and 9.44%, respectively.
On the other hand, the top gainer today was BOAT, which soared 33.77%, followed by JMAS and DAAZ, which rose 28.32% and 24.62%, respectively.
Asian stock exchanges closed mixed this afternoon. The Nikkei Index fell 0.16% to 38,352.30; the Hang Seng Index rose 0.21% to 19,705.01; the Shanghai Index rose 0.66% to 3,367.99; and the Straits Times Index fell 0.38% to 3,743.64.
"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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