Indonesia's Composite Stock Price Index (IHSG) Closes Higher Following Central Bank's Interest Rate Cut (Wednesday, January 15, 2025)

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.