After a Week-Long Climb, the IHSG Falls 1.4% (Thursday, May 8, 2025)

The Jakarta Composite Index (IHSG) fell 1.42% to 6,827.75 at the close of trading on Thursday (May 8, 2025).

The weakening occurred after the IHSG had strengthened for eight consecutive days, since Friday two weeks ago (April 25, 2025).

"Technically, the condition was already *overbought*, and the declining foreign exchange reserves triggered *profit-taking* after the IHSG experienced a rally for about the last month," said Valdy Kurniawan, Senior Equity Research Analyst at Phintraco Sekuritas, as reported by *Antara*, Thursday (May 8, 2025).

Based on the IDX-IC Sectoral Index, 9 out of 11 stock sectors fell today. The property sector fell the most, by 2.52%, followed by the basic materials and technology sectors, which corrected by 2.09% and 1.72%, respectively.

The other two sectors strengthened, namely the health sector, which rose 1.13%, and the transportation sector, which rose 1.01%.

According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.62 million transactions.

A total of 38.44 billion shares changed hands, with a total transaction value of Rp 14.86 trillion.

393 stocks closed lower today, 228 stocks rose, and 184 stocks were stagnant.

BATR and PPRI were today's top *losers*, falling 14.81%, followed by DMAS, which fell 14.77%.

Meanwhile, today's top *gainers* were TGUK, which soared 34.33%, followed by SURI and BEER, which rose 26% and 24.62%, respectively.

Unlike the IHSG, the majority of Asian markets were in the green this afternoon. The Nikkei index rose 0.41% to 36,928.63; the Hang Seng index rose 0.37% to 22,775.92; the Shanghai index rose 0.28% to 3,352; while the Straits Times index fell 0.44% to 3,848.22.