Indonesia's Composite Stock Price Index (IHSG) Falls 1.29% After the Fed Holds Key Interest Rate (Thursday, January 30, 2025)

The Jakarta Composite Index (IHSG) fell 1.29% to 7,073.48 at the close of trading on Thursday (30/1/2025).

According to Pilarmas Investindo Sekuritas, this weakening was triggered by the Fed's decision to maintain its benchmark interest rate at 4.25% to 4.5%.

"After the Fed's meeting in the early hours of this morning, it seems that market players and investors responded to the news with a negative connotation," wrote the Pilarmas Investindo Sekuritas Research Team in its study, as reported by *Antara*, Thursday (30/1/2025).

Based on the IDX-IC Sectoral Index, 9 out of 11 stock sectors were corrected today. The basic materials sector fell the most, by 2.55%, followed by the property and infrastructure sectors, which fell 1.61% and 1.32%, respectively.

Meanwhile, two sectors strengthened, namely the technology sector and the consumer staples sector, which rose 1.06% and 0.12%, respectively.

According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.23 million transactions.

A total of 18.45 billion shares changed hands, with a total transaction value of Rp 12.07 trillion.

389 stocks closed lower today, 213 stocks were stagnant, and 206 stocks strengthened.

The stock with the code BSML was today's top *loser* after falling 26.06%, followed by DATA and POLU, which fell 24.84% and 20.95%, respectively.

On the other hand, today's top *gainer* was INET, which soared 35%, followed by DOOK and LION, which rose 34.26% and 25%, respectively.

In line with the IHSG, the majority of Asian stock markets closed in the green. The Nikkei index rose 0.25% to 39,513.97; the Hang Seng index rose 0.14% to 20,225.11; the Strait Times index rose 0.11% to 3,801.07; while the Shanghai index fell 0.06% to 3,250.60.