Indonesia's Trade Surplus Bolsters IHSG (Monday, May 15, 2023)
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The Jakarta Composite Index (JCI or IHSG) closed up 3.977 points or 0.06% to 6,711.74 at the end of trading on Monday (15/5/2023).
This increase in the stock index occurred in line with the announcement of Indonesia's trade surplus for April 2023.
"Domestic exports continued their contractive performance, with a deeper weakening to minus 29.4% in April 2023. The same happened to import performance, which was minus 22.32%, where the performance weakening became deeper. Nevertheless, the trade balance still recorded a surplus," said the Pilarmas Investindo Sekuritas Research Team, as quoted by Antara, Monday (15/5/2023).
The Central Bureau of Statistics (BPS) reported that Indonesia's trade balance recorded a surplus of USD 3.94 billion in April 2023. This is the 36th consecutive surplus in the last three years.
The surplus stemmed from the difference between export value in April 2023, which reached USD 18.03 billion, and import value of USD 15.35 billion.
Based on RTI Business data, the JCI today moved in the range of 6,656.648 to 6,729.3.
The frequency of domestic stock trading today reached 1.25 million transactions. A total of 19.47 billion shares changed hands, with a total transaction value of Rp10.43 trillion.
The issuer with the code SMIL became the top gainer after strengthening by 34.81%. Followed by OKAS and AYLS, which strengthened by 34.07% and 16.9%, respectively.
On the other hand, the top loser today was AWAN, which contracted by 6.98%, followed by PTMP and HALO, which weakened by 6.95% and 6.93%, respectively.
Although the stock index strengthened, the majority of stocks closed lower today. The details are 294 stocks weakened, 241 stocks strengthened, and 209 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."
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