Investors Book Profits Ahead of Year-End, IHSG Weakens (Friday, December 29, 2023)

The Jakarta Composite Index (JCI) closed down 31.09 points, or 0.43%, to 7,272.79 on Friday's (29/12/2023) trading session.

MNC Securities analyst Herditya Wicaksana estimates that the decline in the JCI on the last trading day of 2023 was influenced by global market movements, world commodity prices, and profit-taking by investors.

"We predict profit-taking ahead of the year-end, especially since the JCI's strengthening since November 2023 has been quite significant," said Herditya, as reported by Antara, Friday (29/12/2023).

Based on the IDX-IC Sectoral Index, six sectors experienced corrections today. The basic materials sector fell the most, by 2.36%. This was followed by the transportation and infrastructure sectors, which fell by 1.54% and 1.28%, respectively.

Meanwhile, five sectors increased, led by the technology sector with a 1.60% increase. The consumer staples and health sectors followed, rising 0.99% and 0.90%, respectively.

According to RTI Business data, the frequency of stock trading on the domestic exchange today was 869,450 transactions.

A total of 17.30 billion shares changed hands, with a total transaction value of Rp 9.17 trillion.

273 stocks declined, 263 stocks rose, and 228 stocks were stagnant.

BBSS was today's top loser, plunging 18.56%, followed by TPIA and AISA, which weakened by 12.50% and 11.11%, respectively.

Today's top gainer was BAPA, which soared 34%, followed by DMMX and TRIN, which rose 24.60% and 19.05%, respectively.

Meanwhile, regional Asian stock exchanges generally strengthened this afternoon. The Hang Seng Index rose 0.02% to 17,047.39, the Shanghai Index rose 0.68% to 2,974.93, the Straits Times Index rose 0.80% to 3,240.27, while the Nikkei Index weakened 0.22% to 33,464.19.