Indonesia's Stock Exchange (IHSG) Strengthens Ahead of US Inflation Announcement (Wednesday, December 11, 2024)
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The Jakarta Composite Index (IHSG) strengthened by 0.15% to 7,464.75 at the close of trading on Wednesday (11/12/2024), ahead of the announcement of United States (US) inflation.
"Market players are anticipating the release of US inflation data, namely the CPI on Wednesday (11/12) and the PPI on Thursday (12/12), which could influence the US Federal Reserve's interest rate decisions," said the research team at Phillip Sekuritas Indonesia, as reported by *Antara*, Wednesday (11/12/2024).
Based on the IDX-IC Sectoral Index, five sectors strengthened today. The property sector led with a 1.4% increase, followed by the energy and finance sectors, which rose by 0.4% and 0.28%, respectively.
Meanwhile, six other sectors were corrected. The technology sector fell the most, by 1.29%. This was followed by the transportation and basic materials sectors, which fell by 1.24% and 1.04%, respectively.
According to RTI Business data, the frequency of domestic stock trading today reached 1.35 million transactions.
A total of 28.94 billion shares changed hands, with a total transaction value of Rp16.31 trillion.
293 stocks closed higher today, 285 stocks weakened, and 218 stocks were stagnant.
Today's top gainers were SSTM, which soared 34.12%, followed by CINT and TRUS, which rose by 34.08% and 25%, respectively.
On the other hand, the stock with the code SHIP became the top loser after plunging 12.13%, followed by RSGK and DSNG, which corrected by 11.02% and 7.59%, respectively.
Asian stock exchanges closed mixed this afternoon. The Nikkei index rose 0.01% to 39,372.23; the Hang Seng index fell 0.77% to 20,155.05; the Shanghai index rose 0.29% to 3,432.49; and the Straits Times index fell 0.54% to 3,792.82.
"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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