Indonesia's Stock Exchange (IHSG) Closes Up 0.02% Ahead of Weekend (Friday, January 3, 2025)

The Jakarta Composite Index (JCI) edged up 0.02% to 7,164.42 at the close of trading on Friday (January 3, 2025), ahead of the weekend.

Antaranews reported that the JCI strengthened amidst a weakening majority of Asian markets. This occurred since the first trading day of the new year, Thursday (January 2, 2025).

"Investors are starting to prepare to implement asset allocation strategies for this year after facing shocks at the end of 2024," said the Phillip Sekuritas Indonesia Research Team in its study in Jakarta, Friday (January 3, 2025).

The research team gave an example; recently, China's Ministry of Commerce included 28 United States (US) companies, one of which is General Dynamics, on its export control list to protect the country's security and interests.

China also added export restrictions on technologies used in the manufacture of battery components and the processing of important minerals, such as lithium and gallium.

Based on the IDX-IC Sectoral Index, only 3 out of 11 stock sectors strengthened today. The technology sector led with a 2.05% increase. This was followed by the infrastructure and transportation and logistics sectors, which rose by 0.88% and 0.66%, respectively.

The sector that fell the most was primary consumer goods, down 0.76%. This was followed by the finance sector, down 0.49%, and the industrial sector, down 0.35%.

The Indonesia Stock Exchange (IDX) also noted that the frequency of domestic stock trading today reached 995,000 transactions.

A total of 19.02 billion shares changed hands with a total transaction value of Rp7.8 trillion.

254 stocks closed higher today, 336 stocks weakened, and 206 stocks were stagnant.

Today's top gainers were DART, which strengthened by 34.94%, followed by MPXL and SEMA, which rose by 34.86% and 34.52%, respectively.

Meanwhile, the issuer with the code PTIS became the leader of the top losers after plunging 16.78%, followed by INET and INPS, which fell by 15.07% and 13.29%, respectively.

Most Asian stock exchanges closed mixed this afternoon. The Nikkei index fell 0.96% to 39,894.53; the Hang Seng index rose 0.7% to 19,760.27; the Shanghai index fell 1.57% to 3,211.43; the Straits Times index rose 0.03% to 3,801.83.

(Also read: [IHSG Ends Positively at the Start of the New Year to Level 7,163 (Thursday, January 2, 2025)])