Weekend Close: IHSG Strengthens to 7,009 (Friday, November 24, 2023)

The Jakarta Composite Index (JCI) strengthened by 5.28 points or 0.08% today, surpassing the psychological level of 7,000 to close at 7,009.69 on Friday (24/11/2023).

Based on IDX-IC Sectoral Index data, five sectors increased today, led by the technology sector which rose 2.01%, the non-primary consumer goods sector rose 0.96%, and the financial sector rose 0.96%.

Meanwhile, six sectors experienced corrections, particularly the infrastructure goods sector which fell 2.82%. This was followed by the health sector and the primary consumer goods sector, down 0.89% and 0.58% respectively.

Based on RTI Business data, the frequency of stock trading on the domestic exchange today was 1.30 million transactions.

A total of 27.49 billion shares changed hands, with a transaction value reaching Rp12.36 trillion.

BBYB was the top gainer after surging 25%, followed by HOKI and AGRO, which soared 22.63% and 17.42% respectively.

On the other hand, the top loser today was FUTR, which plummeted 16.67%, followed by URBN and PSDN, which weakened by 13.33% and 12.03% respectively.

A total of 276 stocks weakened, 245 stocks strengthened, and 231 stocks were stagnant.

Meanwhile, Asian regional stock exchanges showed varied movements this afternoon. The Nikkei index strengthened by 0.52% to 33,625.50, the Hang Seng index weakened by 1.96% to 17,559.42, the Shanghai index weakened by 0.68% to 3,040.97, and the Straits Times index weakened by 0.54% to 3,094.81.

(Also read: IHSG Closes Above Rp7,000, GOTO and ARTO Celebrate Gains (Thursday, November 23, 2023))