Indonesia's Composite Stock Price Index (IHSG) Closed Up at 7,328 Amidst Regional Asian Market Decline (Wednesday, February 28, 2024)

The Jakarta Composite Index (JCI) strengthened by 43.31 points or 0.59% to 7,328.63 at the close of trading on Wednesday (28/2/2024). The index's strengthening occurred amidst a correction in Asian regional stock markets.

"The market appears cautious ahead of the release of US economic data on Thursday (29/2/2024) local time, which could affect global interest rate prospects," said the Research Team of Pilarmas Investindo Sekuritas Investasi in its review, as reported by *Antara*, Wednesday (28/2/2024).

Based on the IDX-IC Sectoral Index, seven sectors increased. The primary consumer goods sector led the way with a 1.09% increase, followed by the infrastructure and finance sectors, which rose by 0.72% and 0.54%, respectively.

Meanwhile, four other sectors declined. The technology sector fell the most, by -1.99%, followed by the health and non-primary consumer goods sectors, which fell by 0.77% and 0.16%, respectively.

According to RTI Business data, the frequency of stock trading on the domestic exchange today totaled 1.29 million transactions.

A total of 25.09 billion shares changed hands, with a transaction value reaching Rp 10.75 trillion.

267 stocks closed lower today, while 260 stocks strengthened and 246 stocks were stagnant.

Today's top gainers were FIRE, which soared 34.15%, followed by MPOW and AHAP, which surged 33.33% and 17.48%, respectively.

Meanwhile, today's top losers were VISI, which plummeted 18.30%, followed by SMLE and ACRO, which fell 16.39% and 14.04%, respectively.

Amidst the strengthening of domestic stocks, Asian regional stock exchanges this afternoon were in the red.

It was recorded that the Nikkei index weakened by 0.08% to 39,208, the Hang Seng index weakened by 1.51% to 16,536.85, the Shanghai index weakened by 1.91% to 2,957.85, and the Straits Times index weakened by 0.58% to 3,138.93.