Indonesia's Composite Stock Price Index (IHSG) Closed Higher, with Financial Stocks Leading the Gains (Wednesday, October 25, 2023)

The Jakarta Composite Index (JCI) strengthened by 27.62 points or 0.41% to 6,834.388 at the close of trading on Wednesday (25/10/2023).

Today's index increase was partly supported by the surge in financial sector stocks.

Based on the IDX-IC Sectoral Index, five stock sectors strengthened today. The financial sector rose the highest, at 1.18%, followed by the transportation & logistics sector and the industrial sector, which rose by 1.01% and 0.95%, respectively.

Meanwhile, six stock sectors experienced corrections. The deepest decline was experienced by the technology sector, down 1.80%, followed by the health sector down 1.12%, and the basic materials sector down 0.47%.

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

A total of 18.68 billion shares changed hands, with a transaction value of Rp9.71 trillion.

AMAN, with code AMAN, became the top gainer after strengthening by 34.96%, followed by SULI and META, which strengthened by 30.28% and 26.26%, respectively.

Meanwhile, today's top loser was PCAR, which weakened by 20.48%, followed by GTBO and FIRE, which contracted by 20.42% and 13.38%, respectively.

The majority of stocks closed higher today. Specifically, 290 stocks closed higher, 260 stocks weakened, and 207 stocks weakened. (Note: There is a discrepancy here; the number of weakening stocks is listed twice).

Meanwhile, Asian regional stock exchanges showed varied movement this afternoon. The Nikkei index strengthened by 0.67% to 31,269.90, the Hang Seng index strengthened by 0.55% to 17,085.33, the Shanghai index strengthened by 0.40% to 2,974.11, and the Straits Times index weakened by 0.17% to 3,078.78.

(See also: Market Responds Positively to Israel-Palestine Resolution, JCI Closes Higher (Tuesday, October 24, 2023))