Indonesia's Economic Growth Slows, IHSG Closes Lower (Wednesday, February 5, 2025)

The Jakarta Composite Index (IHSG) fell 0.70% to 7,024.23 at the close of trading on Wednesday (February 5, 2025).

Panin Sekuritas attributed this decline to the release of data by the Central Bureau of Statistics (BPS) showing a slowdown in Indonesia's economic growth in 2024.

According to the BPS report, Indonesia's economic growth in 2024 was 5.03%, slower than the previous year's 5.05% (cumulative-to-cumulative/ctc). This is the lowest since 2022 and below the 2024 State Budget target of 5.2%.

"The release of this data negatively impacted the psychology of the domestic market, especially in the short term," wrote Panin Sekuritas in its analysis, as reported by Bloomberg Technoz on Wednesday (February 5, 2025).

Based on the IDX-IC Sectoral Index, eight sectors fell today. The financial sector fell the most, by 1.40%, followed by the health and transportation sectors, which corrected by 1.13% and 0.94%, respectively.

Three other sectors strengthened. The basic materials sector led with a 0.64% increase. The property and technology sectors rose by 0.42% and 0.34%, respectively.

According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.27 million transactions.

A total of 26.82 billion shares changed hands, with a total transaction value of Rp 11.59 trillion.

327 stocks closed lower today, 243 stocks rose, and 231 stocks were stagnant.

The stock with the code BTEK was the top loser today after plunging 16.67%, followed by LION and DNAR, which fell 16.03% and 15%, respectively.

On the other hand, the top gainer today was SONA, which soared 24.93%, followed by SAFE and OBAT, which rose 24.79% and 24.74%, respectively.

In line with the IHSG, most Asian markets fell this afternoon. The Hang Seng Index fell 0.93% to 20,597.09; the Shanghai Index fell 0.65% to 3,229.49; the Straits Times Index fell 0.20% to 3,815.37; while the Nikkei Index rose 0.09% to 38,831.48.