Protests Continue, Indonesian Stock Exchange Closes Down 1.53% (Friday, August 29, 2025)
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The Jakarta Composite Index (JCI) closed down 1.53% at 7,830.49 on Friday, August 29, 2025.
Kiwoom Sekuritas Capital Market Analyst Oktavianus Audi assessed that the JCI's weakening was driven by a combination of factors. One of them is domestic political instability due to widespread demonstrations since Thursday (August 28, 2025).
"Domestic political instability, market concerns about the widespread impact and sustainability of the actions that have occurred in recent days," said Oktavianus in his statement, as reported by *Antara*, Friday (August 29, 2025).
Based on the IDX-IC Sectoral Index, 10 out of 11 stock sectors fell today. The consumer goods sector fell the most, by 3.06%, followed by the infrastructure and technology sectors, which corrected by 2.27% and 2.25%, respectively.
Only one sector strengthened, namely the industrial sector, which rose 0.73%.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 2.50 million transactions.
A total of 51.64 billion shares changed hands, with a total transaction value of Rp 22.75 trillion.
610 stocks closed lower today, 122 stocks rose, and 70 stocks were stagnant.
The stock with the code TIRA was today's top loser, plunging 14.76%, followed by ADCP and BSBK, which fell 12.70% and 12.63%, respectively.
Meanwhile, today's top gainer was PIPA, soaring 34.21%, followed by BMAS and PGUN, which rose 25% and 24.70%, respectively.
Unlike the JCI, the majority of Asian markets closed in the green this afternoon. The Hang Seng Index rose 0.32% to 25,077.62; the Shanghai Index rose 0.37% to 3,857.93; the Straits Times Index rose 0.37% to 4,269.70; while the Nikkei Index fell 0.26% to 42,718.47.
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