Indonesia's IDX Closes Higher, Driven by Large Bank Stocks (Tuesday, January 30, 2024)

The Jakarta Composite Index (IHSG) strengthened by 35.04 points or 0.49% to 7,192.21 at the closing of Tuesday's trading (30/1/2024).

The index's strengthening was driven, among other things, by a number of large domestic bank stocks that rose today. BMRI rose 2.70%, followed by BNGA 2.04%, BRIS 1.87%, and BBNI 1.35%.

Based on the IDX-IC Sectoral Index, four sectors increased, led by the technology sector, which rose 2.97%. This was followed by the non-primary consumer and healthcare sectors, which rose 0.89% and 0.64%, respectively.

Meanwhile, seven sectors weakened, with the transportation and logistics sector falling the most at 2.17%, followed by the finance and infrastructure sectors, which fell by 0.91% and 0.51%, respectively.

According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.10 million transactions.

A total of 20.92 billion shares changed hands, with a total transaction value of Rp 10.59 trillion.

The majority, or 276 stocks, weakened, while 253 stocks strengthened and 239 stocks were stagnant.

Today's top gainer was SMGA, which soared 34.29%, followed by MSKY and GOTO, which rose 31.51% and 11.54%, respectively.

Meanwhile, the stock with the code CGAS was today's top loser after plunging 18.44%, followed by SMLE and BPTR, which fell 16.30% and 12.20%, respectively.

Regional Asian stock exchanges showed varied movement this afternoon. The Nikkei index strengthened by 0.11% to 36,065.89, the Hang Seng index weakened by 2.32% to 15,703.45, the Shanghai index weakened by 1.83% to 2,830.53, and the Straits Times index strengthened by 0.31% to 3,150.04.