Indonesia's Stock Exchange (IHSG) Falls Further; BMRI and KLBF Shares Corrected (Thursday, September 7, 2023)

The Jakarta Composite Index (IHSG) closed down 41.14 points, or 0.59%, to 6,954.81 on Thursday (September 7, 2023).

Today's weakening index was driven by a number of stocks that were corrected, such as BMRI and KLBF. BMRI closed down 2.89%, while KLBF fell 2.01%.

Based on the IDX-IC Sectoral Index, eight sectors experienced corrections today. The sharpest decline occurred in the transportation and logistics sector, which corrected by 1.72%, followed by the property and infrastructure sectors, which fell by 1.3% and 1.08%, respectively.

Meanwhile, only three sectors increased today, led by the technology sector with a 1.58% increase, followed by the healthcare sector up 0.31%, and the non-primary consumer goods sector up 0.2%.

According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.21 million transactions.

A total of 23.23 billion shares changed hands, with a transaction value of Rp 10.93 trillion.

EXCL was the top loser today after weakening by 8.06%, followed by KLAS and BIRD, which contracted by 7.63% and 6.1%, respectively.

The top gainers today were APEX, which strengthened by 34.74%, followed by MSKY and ARII, which strengthened by 20.79% and 17.24%, respectively.

The majority of stock indices closed weaker today. Specifically, 322 stocks weakened, 220 stocks were stagnant, and 210 stocks strengthened.

Most regional Asian stock exchanges tended to weaken this afternoon, with the following details:

* Nikkei Index weakened by 249.898 points or 0.75% to 32,991.10;
* Hang Seng Index weakened by 247.91 points or 1.34% to 18,202.07;
* Shanghai Index weakened by 35.73 points or 1.13% to 3,122.35;
* Strait Times Index strengthened by 3.71 points or 0.12% to 3,226.59.