Indonesia's Composite Stock Price Index (IHSG) Closed in the Red, Construction State-Owned Enterprises (SOEs) Stocks Weaken (Monday, September 25, 2023)

The Jakarta Composite Index (JCI) closed down 18.46 points, or 0.26%, to 6,998.38 on Monday (September 25, 2023).

Today's weakening index coincided with the weakening of state-owned construction company stocks. ADHI contracted by 2.97%, followed by PTPP and WIKA, which fell by 3.09% and 0.83%, respectively.

Based on the IDX-IC Sectoral Index, six sectors were corrected today, particularly the infrastructure sector, which fell by 1.13%, the technology sector, which fell by 0.88%, and the transportation & logistics sector, which fell by 0.58%.

Meanwhile, five other sectors increased, led by the primary consumer goods sector, which rose by 0.49%, followed by the energy and health sectors, which rose by 0.46% and 0.32%, respectively.

According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.26 million transactions.

A total of 39.32 billion shares changed hands, with a transaction value of Rp 11.98 trillion.

ATAP was the top loser today after weakening by 20.51%, followed by TGUK and AEGS, which contracted by 14.20% and 9.72%, respectively.

The top gainers today were GPSO, which strengthened by 22.81%, followed by GZCO and DEWA, which rose by 19.15% and 14.93%, respectively.

The majority of stocks closed lower today. Specifically, 284 stocks weakened, 241 stocks strengthened, and 235 stocks were stagnant.