Indonesia's IDX Closes Up 0.07% on US News (Friday, May 9, 2025)

The Jakarta Composite Index (IHSG) strengthened by 5.05 points or 0.07% to 6,832.8 at the close of trading on Friday (May 9, 2025).

According to *Antaranews*, this strengthening of the IHSG is in line with growing optimism among market players regarding a trade agreement between the United States (US) and China.

"Investors are speculating that the US will reach more trade agreements with other countries, so that the US central bank, the Fed, does not need to sharply cut interest rates to support the economy," stated the Phillips Sekuritas Indonesia Research Team in Jakarta on Friday (May 9, 2025).

Previously, a trade agreement with the UK was finalized by US President Donald Trump. A 10% import duty or tariff for the UK remains in effect, but the US will cut import tariffs on cars and steel.

Trump claims that other US trading partners are also eager to make deals, as evidenced by US Treasury Secretary Scott Bessent's upcoming trip to Switzerland to speak with Chinese officials.

Further news from the US: the central bank, the Fed, through the Federal Open Market Committee (FOMC), also decided to maintain the benchmark interest rate in the range of 4.25%-4.5%. This is in line with market expectations.

Based on the IDX-IC Sectoral Index, 6 out of 11 stock sectors fell today. The transportation and logistics sector, and the non-primary consumer goods sector, fell the most, by 0.8%, followed by the industrial sector at 0.53%.

Meanwhile, the other five sectors strengthened. The strongest was the health sector, which rose by 1.63%, followed by the property and real estate sector at 0.33%.

The Indonesia Stock Exchange (BEI) also reported that the frequency of stock trading on the domestic exchange today was 1.07 million transactions.

A total of 18.47 billion shares changed hands, with a total transaction value of Rp 9 trillion.

247 stocks closed higher today, 341 stocks weakened, and 217 stocks were stagnant.

Today's top gainers were TAYS, which soared 34.62%, followed by MPOW and SKBM, which rose 34.23% and 24.84% respectively.

Meanwhile, issuers with codes PPRI and DKHH were today's top losers after falling 14.78% and 14.61%, respectively, followed by PNLF, which fell 14.44%.

Most Asian markets were in the green this afternoon. The Nikkei index rose 1.56% to 37,503.32; the Hang Seng index rose 0.40% to 22,867.74; while the Strait Times index fell 0.73% to 3,876.16. Only the Shanghai index fell, by 0.3% to 3,341.99.

(Also read: [After Rising for Over a Week, IHSG Falls 1.4% (Thursday, May 8, 2025)])