Indonesian Rupiah Weakness Weighs on Jakarta Composite Index, Closing at 7,130 (Wednesday, April 17, 2024)
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The Jakarta Composite Index (JCI) closed down 33.96 points, or 0.47%, to 7,130.84 on Wednesday (April 17, 2024). Today's weakening of the stock market was partly due to the Indonesian Rupiah depreciating by 0.28%.
“The JCI's condition is still overshadowed by the continued weakening of the Rupiah exchange rate to Rp16,215/US$ on Wednesday (April 17, 2024) afternoon,” said Phintraco Sekuritas in its official statement, as reported by *Katadata*, Wednesday (April 17, 2024).
Based on the IDX-IC Sectoral Index, all eleven stock sectors experienced corrections today. The decline was led by the basic materials sector, which fell by 2.48%, followed by the technology and transportation & logistics sectors, which fell by 2.42% and 1.13%, respectively.
According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.48 million transactions.
A total of 20.33 billion shares changed hands, with a transaction value of Rp12.30 trillion.
362 stocks closed lower today, 215 stocks were stagnant, and 208 stocks rose.
The issuer with the code CGAS was the *top loser* today after plunging 11.11%, followed by ASLC and MBMA, which fell by 11.01% and 9.24%, respectively.
On the other hand, the *top gainer* today was ATLA, which soared 34.81%, followed by PTPS and IOTF, which jumped 34.57% and 31.08%, respectively.
Meanwhile, Asian regional stock exchanges closed mixed this afternoon. The Nikkei index weakened by 1.32% to 37,961.80, the Hang Seng index strengthened by 0.02% to 16,251.83, the Shanghai index strengthened by 2.14% to 3,071.37, and the Straits Times index strengthened by 0.32% to 3,154.37.
"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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