Ahead of Dividend Distribution, IHSG Closes Higher (Friday, February 14, 2025)
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The Jakarta Composite Index (IHSG) rose 0.38% to close at 6,638.46 on Friday (February 14, 2025).
According to Ratih Mustikoningsih, a Financial Expert at Ajaib Sekuritas, this strengthening of the IHSG occurred ahead of the Annual General Meeting of Shareholders (RUPS) and the dividend momentum.
"Market players are utilizing this momentum to buy on weakness in large-cap issuers, especially in the banking sector," wrote Ratih in her research, as reported by Katadata, Friday (February 14, 2025).
Based on the IDX-IC Sectoral Index, 10 out of 11 stock sectors strengthened today. The transportation sector led with a 1.71% increase, followed by the property and industrial sectors, which rose 1.19% and 1.15%, respectively.
Only one sector weakened, the healthcare sector, which corrected by 0.58%.
According to RTI Business data, the frequency of domestic stock trading today reached 1.15 million transactions.
A total of 14.76 billion shares changed hands, with a total transaction value of Rp 14.86 trillion.
304 stocks closed higher today, 244 stocks were stagnant, and 242 stocks weakened.
Today's top gainers were POLU, which soared 22.02%, followed by KDSI and MTFN, which rose 20.10% and 20%, respectively.
On the other hand, the stock with the code SAPX was the top loser after plunging 15.75%, followed by CNMA and FMII, which corrected by 14.37% and 13.22%, respectively.
Asian stock exchanges closed mixed this afternoon. The Nikkei index weakened 0.79% to 39,149.43; the Hang Seng index rose 3.69% to 22,620.33; the Shanghai index rose 0.43% to 3,346.72; and the Straits Times index fell 0.13% to 3,877.50.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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