Indonesia's Stock Exchange (IHSG) Weakens, in Line with Asian and Global Markets (Friday, March 10, 2023)
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The Jakarta Composite Index (IHSG) fell 34.49 points, or 0.51%, to close at 6,765.30 on Friday, March 10, 2023.
This weakening index mirrored the decline in Asian and global stock markets.
"The weakening of the IHSG and global markets is due to the increase in US unemployment data from 190 to 211, and the Fed is still signaling further Fed Funds Rate hikes to curb inflation," said MNC Securities analyst Herditya Wicaksana, as quoted by Antara, Friday (10/3/2023).
According to RTI Business data, regional Asian stock markets fell this afternoon, with the Nikkei index weakening 1.67% to 28,144, the Hang Seng index down 3.04% to 19,319.9, the Shanghai index down 1.40% to 3,230, and the Straits Times index down 1.33% to 3,171.8.
According to the Indonesia Stock Exchange (IDX) report, the frequency of stock trading on the domestic exchange today was 1.02 million transactions.
A total of 14.91 billion shares changed hands, with a transaction value of Rp 9.13 trillion.
BAPA was the top loser, weakening by 6.98%. This was followed by GLVA and SAGE, which contracted by 6.94% each.
The top gainers for the day were CUAN, which strengthened by 24.56%, followed by FUJI and PTIS, which strengthened by 24.07% and 15.96%, respectively.
The majority of stocks closed lower today. Specifically, 379 stocks weakened, 301 stocks were stagnant, and 175 stocks strengthened.
"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."