Indonesia's Stock Exchange (IHSG) Closes Strong at 7,163 to Start the New Year (Thursday, January 2, 2025)
- A Small Font
- A Medium Font
- A Bigger Font
The Jakarta Composite Index (JCI) strengthened by 1.18% to 7,163.20 at the close of trading on Thursday (2/1/2025). This was the first trading day of the new year 2025.
According to Antaranews, the JCI's rise contrasts with the majority of Asian stock exchanges, which closed lower.
"Stock indices in the Asian region will remain under pressure, at least until the end of the first quarter of 2025. Investors believe that the 'America First' policy will boost growth and inflation in the United States (US), supporting the US dollar and limiting the room for central banks in Asia to cut interest rates," said the Phillip Sekuritas Indonesia Research Team in Jakarta, Thursday (2/1/2025).
The research team added that investors believe that the performance of Asian stock indices will not outperform US stock indices in the near future, despite the already very cheap valuations of Asian stocks compared to US stocks.
Based on the IDX-IC Sectoral Index, only 5 out of 11 stock sectors strengthened today. The basic materials sector led with a 1.78% increase. This was followed by the financial and energy sectors, which rose by 1.5% each.
The sector that fell the most was consumer staples, down 1.72%. This was followed by the health and industrial sectors, which fell by 1.43% and 1.34% respectively.
The Indonesia Stock Exchange (IDX) also recorded 1 million transactions today.
A total of 19.36 billion shares changed hands, with a total transaction value of Rp 9.02 trillion.
316 stocks closed higher today, 270 stocks weakened, and 210 stocks were stagnant.
Today's top gainers were PSDN, which strengthened by 34.67%, followed by INET and KEJU, which rose by 25.86% and 24.69% respectively.
Meanwhile, MFIN was the top loser, plunging 25%, followed by SSIA and HOMI, which fell by 16.73% and 10.81% respectively.
The majority of Asian stock exchanges closed lower this afternoon. The Nikkei index fell 0.96% to 39,894.53; the Hang Seng index fell 2.18% to 19,623.32; the Shanghai index fell 2.66% to 3,262.56; however, the Straits Times index rose 0.35% to 3,800.81.
(Also read: [Closing of 2024, JCI Ends on an Upward Trend (Monday, December 30, 2024)])
"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
