Indonesia's IDX Closes Higher After Perry Warjiyo's Reappointment as BI Governor (Wednesday, May 24, 2023)

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Cindy Mutia Annur 24/05/2023 18:52 WIB
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Composite Stock Price Index (JCI) April 24 - May 24, 2023
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The Jakarta Composite Index (IHSG) closed up 9.12 points or 0.14% to 6,745.804 at the end of trading on Wednesday (24/5/2023).

Today's index strengthening was partly influenced by the reappointment of Perry Warjiyo as Governor of Bank Indonesia (BI).

"The market seems to be responding positively (to the reappointment of BI Governor Perry Warjiyo), as this provides an indication of how the synergy in fiscal and monetary policymaking is becoming increasingly solid amidst global uncertainty," said the Research Team of Pilarmas Investindo Sekuritas, as quoted by Antara, Wednesday (24/5/2023).

According to the Research Team of Pilarmas Investindo Sekuritas, the reappointment of Perry Warjiyo as Governor of Bank Indonesia (BI) for the 2023-2028 period is a positive development for the Indonesian stock market. They stated that the market hopes for continued synergy in maintaining domestic financial stability from external pressures.

From abroad, the Research Team of Pilarmas Investindo Sekuritas continued, market players were anxious when the Speaker of the US House of Representatives, Kevin McCarthy, left negotiations on Tuesday (23/5/2023) US time, stating that no agreement had been reached on the debt ceiling issue.

Based on RTI Business data, the IHSG today moved in the range of 6,713.893 to 6,755.883.

The frequency of domestic stock trading today reached 1.34 million transactions. A total of 18.64 billion shares changed hands, with a total transaction value of Rp9.82 trillion.

The issuer with the code NICL became the top gainer after strengthening by 24.79%. This was followed by BAJA and MPOW, which strengthened by 21.13% and 15.85%, respectively.

On the other hand, the top loser today was HAJJ, which contracted by 9.49%, followed by NCKL and UNIQ, which weakened by 6.88% and 6.82%, respectively.

Although the stock index strengthened, the majority of stocks closed lower today. The details are: 273 stocks weakened, 230 stocks strengthened, and 231 stocks were stagnant.

Editor : Padjar Iswara

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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