Following the Asian Market Trend, the Indonesian Stock Exchange (IHSG) Closed Lower (Monday, January 6, 2025)

The Jakarta Composite Index (IHSG) fell 1.17% to 7,080.47 at the close of trading on Monday (January 6, 2025).

According to the research team at Phillip Sekuritas Indonesia, today's index weakness follows the majority of Asian stock exchanges, which are in the red.

"Market players are paying attention to the People's Bank of China (PBOC), which stated on Saturday (January 4, 2025) that it will implement a more accommodative monetary policy in 2025, as an effort to prevent and mitigate financial risks in key areas, and to deepen financial sector reforms," they said, as reported by Antara, Monday (January 6, 2025).

Today, the Nikkei index fell 1.47% to 39,307.05; the Hang Seng index fell 0.36% to 19,688.29; the Shanghai index fell 0.14% to 3,206.92; while the Straits Times index rose 0.53% to 3,821.84.

Based on the IDX-IC Sectoral Index, 9 out of 11 stock sectors were corrected today. The basic materials sector fell the most, by 1.65%, followed by the transportation and healthcare sectors, which fell 1.45% and 1.34%, respectively.

Meanwhile, the two other sectors strengthened, namely the technology and non-primary consumer goods sectors, which rose 1.29% and 0.23%, respectively.

According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.08 million transactions.

A total of 22.13 billion shares changed hands, with a total transaction value of Rp 8.07 trillion.

388 stocks closed lower today, 221 stocks rose, and 190 stocks were stagnant.

Citing Investing.com, the top losers today were MTFN, which plunged 25%, followed by SAPX and ACRO, which fell 24.87% and 21.90%, respectively.

On the other hand, the stock with the code MMIX became the top gainer after soaring 34.53%, followed by PZZA and ECII, which rose 34.51% and 25%, respectively.