Indonesia's IDX Closes Higher, GOTO and BUKA Shares Surge (Tuesday, October 31, 2023)

The Jakarta Composite Index (IHSG) strengthened by 16.31 points or 0.24% to 6,752.211 at the close of trading on Tuesday (31/10/2023).

Today's index strengthening was supported by a number of issuers such as GOTO and BUKA. GOTO closed up 7.14%, while BUKA rose 6.06%.

Based on the IDX-IC Sectoral Index, nine stock sectors strengthened today. The technology sector rose the highest, at 2%, followed by the infrastructure and property sectors, which rose by 1.87% and 0.86%, respectively.

Meanwhile, two stock sectors were corrected, namely the health sector, which was down 0.44%, and the non-primary consumer goods sector, which fell 0.25%.

Based on RTI Business data, the frequency of stock trading on the domestic exchange today was 1.43 million transactions.

A total of 28.17 billion shares changed hands, with transaction value reaching Rp11.74 trillion.

The issuer with the code STRK became the top gainer after strengthening by 24.54%, followed by issuers MRAT and NSSS, which strengthened by 24.46% and 23.85%, respectively.

Meanwhile, today's top loser was MEDS, which weakened by 19.35%, followed by SOTS and KKGI, which contracted by 16.35% and 14.35%, respectively.

Although the index strengthened, the majority of stocks closed lower today. Specifically, 291 stocks closed lower, 252 stocks strengthened, and 210 stocks were stagnant.

Meanwhile, Asian regional stock exchanges showed varied movement this afternoon. The Nikkei index strengthened by 0.53% to 30,858.80, the Hang Seng index weakened by 1.69% to 17,112.48, the Shanghai index weakened by 0.09% to 3,018.77, and the Strait Times index strengthened by 0.11% to 3,067.74.

(See also: IHSG Closed Down, 376 Stocks Enter Red Zone (Monday, October 30, 2023))