Indonesia's Composite Stock Price Index (IHSG) Closed Lower After BI Holds Interest Rates (Wednesday, December 18, 2024)
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The Jakarta Composite Index (IHSG) closed down 0.70% at 7,107.88 on Wednesday (18/12/2024).
The index fell today after Bank Indonesia (BI) announced it was holding its benchmark interest rate.
"The Bank Indonesia Board of Governors meeting on December 17 and 18, 2024, decided to maintain the BI *rate* at 6%," said BI Governor Perry Warjiyo in a press conference, as reported by *Katadata*, Wednesday (18/12/2024).
Based on the IDX-IC Sectoral Index, 10 out of 11 domestic stock sectors were corrected today. The transportation sector fell the most, by 1.37%, followed by the basic materials and infrastructure sectors, which fell by 1.03% and 0.93%, respectively.
The only sector to strengthen today was non-primary consumer goods, with a 0.58% increase.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 995,930 transactions.
A total of 16.88 billion shares changed hands, with a total transaction value of Rp 11.05 trillion.
381 stocks closed lower today, 211 stocks rose, and 199 stocks were stagnant.
The stock with the code SAPX was the *top loser* today after plunging 25%, followed by POLU and BEBS, which fell by 24.89% and 20%, respectively.
On the other hand, the *top gainer* today was KJEN, which soared 34.55%, followed by DOSS and LION, which rose by 27.55% and 25%, respectively.
Asian stock exchanges closed mixed this afternoon. The Nikkei index fell 0.72% to 39,081.71; the Hang Seng index rose 0.83% to 19,864.55; the Shanghai index rose 0.62% to 3,382.21; and the Straits Times index fell 0.53% to 3,779.62.
"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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