Indonesia's Stock Exchange (IHSG) Closes Lower Ahead of The Fed's Interest Rate Announcement (Wednesday, June 14, 2023)
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The Jakarta Composite Index (JCI) weakened by 19.29 points or 0.29% to 6,699.71 at the close of trading on Wednesday, June 14, 2023.
This decline occurred ahead of the release of the The Federal Reserve (The Fed)'s benchmark interest rate.
According to Antaranews, The Fed is expected to maintain the Fed Funds Rate (FFR) at an estimated 5% to 5.25%, following 10 consecutive increases since March 2022.
Five sectors contracted, with the health sector experiencing the sharpest decline at 1.23%, followed by the technology and non-primary consumer goods sectors at 1.05% and 0.46%, respectively.
Based on RTI Business data, the frequency of stock trading on the domestic exchange today was 1.34 million transactions.
A total of 20.96 billion shares changed hands, with a transaction value of Rp9.44 trillion.
Today's top losers were RAAM, which weakened by 14.92%, followed by KLAS and HALO, which contracted by 14.88% and 13.22%, respectively.
Meanwhile, the stock with the code DEWA became the top gainer after strengthening by 22%, followed by VTNY and DMMX, which strengthened by 17.53% and 15.50%, respectively.
The majority of stocks closed lower today. The breakdown is: 279 stocks weakened, 253 stocks strengthened, and 206 stocks were stagnant.
"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."