Ahead of the Long Holiday, IHSG Closes Lower (Wednesday, May 28, 2025)

The Jakarta Composite Index (IHSG) weakened by 0.32% to 7,175.82 at the close of trading on Wednesday (28/5/2025). The weakening occurred ahead of the national holiday and joint leave that will take place on Thursday and Friday.

According to Phillip Sekuritas Indonesia, today's index weakening is still related to trade tensions between the United States (US) and the European Union (EU).

"This weakening occurred along with the fading market optimism over trade tensions between the US and the EU," wrote the Phillip Sekuritas Indonesia research team in its study, quoted from Antara, Wednesday (28/5/2025).

Based on the IDX-IC Sectoral Index, four sectors strengthened today. The industrial sector led with a 1.47% increase, followed by the health sector at 0.98%, and the transportation and logistics sector at 0.90%.

Meanwhile, seven other stock sectors were corrected. The non-primary consumer goods sector fell the most at 1.28%, followed by the raw materials sector, which weakened by 1.07%, and the infrastructure sector, which was corrected by 1%.

The frequency of domestic stock trading today reached 1.25 million transactions. A total of 32.96 billion shares changed hands with a total transaction value of Rp 23.03 trillion.

According to RTI Business data, 245 stocks closed higher today, 335 stocks weakened, and 226 stocks were stagnant.

Today's top gainer was GTBO, which soared 34.86%, followed by INDX and MAPB, which rose 34.78% and 24.88%, respectively.

On the other hand, the stock with the code CSMI became the top loser after plunging 14.75%, followed by ZYRX and IKAN, which were corrected by 12.14% and 11.36%, respectively.

Meanwhile, the closing of Asian markets this afternoon varied. The Hang Seng Index weakened by 0.53% to 23,258.31; the Strait Times Index strengthened by 0.41% to 3,911.92; the Nikkei Index was stagnant at 0.00% to 37,722.39; while the Shanghai Index weakened by 0.02% to 3,339.93.