Iran-Israel Tensions Flare, Indonesian Stock Exchange Closes Down 1.74% (Monday, June 23, 2025)
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The Jakarta Composite Index (JCI) fell 1.74% or 119.99 points to close at 6,787.14 today, Monday (June 23, 2025).
Previously, David Kurniawan, Equity Analyst at PT Indo Premier Sekuritas (IPOT), urged stock investors to observe geopolitical conditions and their impact on energy prices this week.
“The Israel-Iran geopolitical situation remains crucial. If the conflict subsides, oil prices will fall and consumer stocks will rise. Conversely, if the escalation increases, energy markets will rise and the defense sector will receive support,” David said in his statement, quoted on Monday (June 23, 2025).
Based on the IDX-IC Sectoral Index, all 11 stock sectors closed in the red. The consumer cyclicals sector fell the most, by 3.36%, followed by the properties and real estate sector, which weakened by 2.97%, and the technology sector, which fell by 2.54%.
Domestic stock trading frequency today reached 1.36 million transactions. A total of 24.79 billion shares changed hands, with a total transaction value of Rp 12.78 trillion.
Based on RTI Business data, 128 stocks closed higher today, 533 stocks down, and 140 stocks were stagnant.
Today's top gainer was SICO, which soared 27.36%, followed by PNSE and PTMR, which both rose 25%.
On the other hand, the stock with the code IOTF became the top loser after plunging 14.97%, followed by PTBA and SSTM, which each corrected by 14.92% and 14.91%.
Meanwhile, Asian markets this afternoon included: the Straits Times Index STI weakened 0.11% to 3,879.26; the Nikkei 225 weakened 0.13% to 38,354.09; the SSE Composite Index strengthened 0.65% to 3,381.58; and the Hang Seng Index strengthened 0.67% to 23,689.13.
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