Indonesia's Stock Exchange (IHSG) Closes Higher Ahead of BI's Interest Rate Announcement (Wednesday, June 21, 2023)

The Jakarta Composite Index (JCI) rose 42.17 points, or 0.63%, to close at 6,702.62 on Wednesday (June 21, 2023).

This index strengthening occurred ahead of the announcement of the results of the Bank Indonesia Governor's Board (RDG) meeting regarding the benchmark interest rate, which took place on June 21-22, 2023.

As quoted from Antara, four stock sectors strengthened today. The property sector strengthened the most, at 1.01%, followed by the transportation and logistics sector, which strengthened by 0.89%, and the primary consumer goods sector, which rose by 0.18%.

Meanwhile, seven other stock sectors were corrected. The deepest decline occurred in the technology sector (-1.07%), followed by the health sector (-0.49%), and the energy sector (-0.28%).

Based on RTI Business data, the frequency of stock trading on the domestic exchange today was 1.12 million transactions.

A total of 15.03 billion shares changed hands, with a transaction value of Rp7.97 trillion.

The issuer with the code ESTA became the top loser after weakening by 14.81%, followed by issuers ELIT and HAJJ, which contracted by 9.43% and 7.19%, respectively.

Meanwhile, today's top gainer was AYLS, which strengthened by 15.87%, followed by HOMI and HRTA, which strengthened by 15.84% and 15.66%, respectively.

Although the index strengthened, the majority of shares closed lower today. The details are 240 shares weakened, 280 shares strengthened, and 218 shares were stagnant.