Indonesia's Composite Stock Price Index (IHSG) fell 0.94% amid market optimism over a US interest rate cut (Thursday, December 12, 2024)
- A Small Font
- A Medium Font
- A Bigger Font
The Jakarta Composite Index (IHSG) weakened by 0.94% to 7,394.23 at the close of trading on Thursday (12/12/2024). The decline occurred amidst market optimism regarding a potential cut in the US Federal Reserve's benchmark interest rate.
"Asian regional exchanges were dominated by gains after US inflation data met expectations, strengthening the likelihood of a rate cut by the Fed next week," wrote the Pilarmas Investindo Sekuritas Research Team in its analysis, as reported by *Antara* on Thursday (12/12/2024).
US annual inflation increased from 2.6% (year-on-year/yoy) to 2.7% (yoy). On a monthly basis, it rose from 0.2% (month-to-month/mtm) to 0.3% (mtm).
Based on the IDX-IC Sectoral Index, eight stock sectors declined today. The transportation sector fell the most, by 1.71%, followed by the finance and healthcare sectors, which corrected by 1.41% and 1.37%, respectively.
Three other sectors strengthened. The non-primary consumer goods sector led with a 0.59% increase. The basic materials and energy sectors rose by 0.12% and 0.09%, respectively.
According to RTI Business data, the frequency of stock trades on the domestic exchange today totaled 1.22 million transactions.
A total of 20.98 billion shares changed hands, with a total transaction value of Rp12.12 trillion.
347 stocks closed lower today, 234 stocks were stagnant, and 210 stocks strengthened.
The stock with the code SAPX was the top loser today after plummeting 24.90%, followed by KREN and MDRN, which fell by 16.67% and 14.29%, respectively.
On the other hand, the top gainer today was TRUS, which soared 25%, followed by SSTM and MTFN, which rose by 24.56% and 20%, respectively.
Unlike the IHSG, all Asian stock exchanges closed higher this afternoon. The Nikkei index rose 1.21% to 39,849.14; the Hang Seng index rose 1.120% to 20,397.05; the Shanghai index rose 0.85% to 3,461.50; and the Straits Times index rose 0.43% to 3,809.27.
"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."
Related Data
Latest Data Stories
Trending Topics
Popular Data