Positive Market Response to Fed Chair's Statement; IHSG Closes Up 1.74% (Wednesday, February 12, 2025)

The Jakarta Composite Index (JCI) rose 1.74% to 6,645.78 at the close of trading on Wednesday (February 12, 2025). This strengthening occurred after the JCI had weakened for five consecutive days, since Wednesday (February 5, 2025).

Pilarmas Investindo Sekuritas assessed that the JCI strengthened as market players responded positively to statements made by Federal Reserve Chairman Jerome Powell.

"The market is digesting Chairman Jerome Powell's statement emphasizing the central bank's focus on inflation control, and signaling that policymakers are in no rush to cut interest rates," wrote the Pilarmas Investindo Sekuritas Research Team in its study, as reported by *Antara*, Wednesday (May 12, 2025).

In a statement delivered before the US Senate Banking Committee, Powell said the overall economy was strong and the labor market remained solid.

However, market players are also continuing to evaluate the impact of the latest tariff increases imposed by US President Donald Trump.

Based on the IDX-IC Sectoral Index, all 11 stock sectors strengthened today, with the infrastructure sector leading the way with a 2.90% increase. This was followed by the health and technology sectors, which rose 2.23% and 1.71%, respectively.

According to RTI Business data, the frequency of domestic stock trading today reached 1.09 million transactions.

A total of 16.69 billion shares changed hands, with a total transaction value of Rp 10.93 trillion.

367 stocks closed higher today, 217 stocks were stagnant, and 212 stocks weakened.

Today's top gainers were BBRC, which soared 33.33%, followed by BUVA and CGAS, which rose 30.23% and 26.92%, respectively.

On the other hand, the stock with the code SKLT was the top loser after plunging 20.18%, followed by MTFN and TAXI, which corrected 16.67% and 14.29%, respectively.

In line with the JCI, all Asian markets closed in the green this afternoon. The Nikkei index rose 0.42% to 38,963.70; the Hang Seng index rose 2.64% to 21,857.92; the Shanghai index rose 0.85% to 3,346.39; and the Straits Times index rose 0.36% to 3,874.62.