Indonesia's Composite Stock Price Index (IHSG) Closes Higher Following Central Bank's Interest Rate Cut (Wednesday, January 15, 2025)
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The Jakarta Composite Index (JCI) strengthened by 1.77% to close at 7,079.56 on Wednesday (January 15, 2025). This followed Bank Indonesia (BI)'s announcement of a 25 basis point cut to its benchmark BI-rate, bringing it down to 5.75% in January 2025.
"This decision is consistent with low inflation in 2025 and 2026, which remains controlled within the target of 2.5% plus or minus 1%," said BI Governor Perry Warjiyo in a press conference in Jakarta, as reported by Katadata on Wednesday (January 15, 2025).
Based on the IDX-IC Sectoral Index, 9 out of 11 stock sectors strengthened today. The finance sector led with a 3.12% increase, followed by the property and non-primary consumer goods sectors, which rose by 2.63% and 1.29%, respectively.
Meanwhile, the two other sectors weakened, namely the raw materials and industrial sectors, which corrected by 0.55% and 0.18%, respectively.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.38 million transactions.
A total of 19.07 billion shares changed hands, with a total transaction value of Rp 10.76 trillion.
330 stocks closed higher today, 264 stocks weakened, and 211 stocks were stagnant.
Today's top gainers were DOOH, which soared 35%, followed by INTD and KJEN, which rose 27.27% and 27.03%, respectively.
On the other hand, SMIL became the top loser after plunging 29.81%, followed by BRRC and GPSO, which corrected by 25% and 24.87%, respectively.
Unlike the JCI, the majority of Asian markets closed in the red this afternoon. The Nikkei index fell 0.08% to 38,444.58; the Straits Times index fell 0.43% to 3,772.58; the Shanghai index fell 0.43% to 3,227.12; while the Hang Seng index rose 0.34% to 19,286.07.
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Related Data
Market Data
| Name | Value | % | |
|---|---|---|---|
| Inflasi yoy (Mei) | 3,08% | +0.66 | |
| Inflasi mom (Mei) | 0,28% | +0.15 | |
| Economic growth | 5,11% | +0.08 | |
| Pertumbuhan ekonomi (yoy) (Q1) | 5,61% | +4.08 | |
| Persentase kemiskinan (Des) | 7,50% | -0.75 | |
| Gini rasio (Sem2) | 0,38 | 0.00 | |
| Nilai Tukar USDIDR | 17.936 | -0.32 | |
| PDB ADHK (Q1) | 3.447,70 | -0.77 | |
| Neraca perdagangan (Apr) | 89,10 | -97.32 | |
| Ekspor Migas (Apr) | 1,16 | -9.81 | |
| Impor Migas (Apr) | 4,60 | +45.09 | |
| Ekspor (Apr) | 25,30 | +12.32 | |
| Impor (Apr) | 25,21 | +31.28 | |
| Kunjungan Wisman (Apr) | 1,25 | +14.75 | |
| NTP (Mei) | 113,79 | +1.34 |