Ahead of Donald Trump's Inauguration, Indonesian Stock Exchange Closes Higher (Monday, January 20, 2025)

The Jakarta Composite Index (IHSG) rose 0.22% to close at 7,170.74 on Monday (January 20, 2025).

Pilarmas Investindo Sekuritas assessed that the IHSG strengthened amid a wait-and-see attitude among market players ahead of the inauguration of the US President-elect, Donald Trump.

"The IHSG and regional Asian exchanges strengthened, with the rise of the US stock market also supporting positive sentiment as the market focuses on awaiting Donald Trump's inauguration," said the research team of Pilarmas Investindo Sekuritas, as reported by Antara, Monday (January 20, 2025).

Based on the IDX-IC Sectoral Index, eight stock sectors strengthened today. The technology sector led with a 1.20% increase, followed by the basic materials and energy sectors, which rose 1.18% and 0.91%, respectively.

Meanwhile, three other stock sectors experienced corrections. The primary consumer goods sector fell the most, by 0.88%. This was followed by the industrial and health sectors, which fell 0.74% and 0.43%, respectively.

According to RTI Business data, the frequency of domestic stock trading today reached 1.22 million transactions.

A total of 19.6 billion shares changed hands, with a total transaction value of Rp 10.6 trillion.

320 stocks closed higher today, 277 stocks weakened, and 214 stocks were stagnant.

Today's top gainers were PYFA, which soared 34.48%, followed by INDO and KJEN, which rose 34.21% and 28.67%, respectively.

On the other hand, the stock with the code GPSO became the top loser after plunging 13.89%, followed by PTIS and GULA, which corrected 12.59% and 11.86%, respectively.

In line with the IHSG, the majority of Asian stock exchanges closed higher. The Nikkei index rose 1.17% to 38,902.50; the Hang Seng index rose 1.75% to 19,925.81; the Shanghai index rose 0.08% to 3,244.38; while the Straits Times index fell 0.07% to 3,807.97.