Indonesia's IDX Closes Higher, with Industrial Sector Stocks Leading (Monday, July 31, 2023)

The Jakarta Composite Index (JCI) strengthened by 31.13 points or 0.45% to 6,931.36 at the close of trading on Monday (31/7/2023).

Today's strengthening was led by stocks in the industrial sector, which rose by 1.83%, followed by the basic materials and infrastructure sectors, which increased by 1.63% and 0.85%, respectively.

Meanwhile, five sectors experienced corrections. The energy sector fell the most, weakening by 1.19%, followed by the transportation and logistics sector and the technology sector, which corrected by 0.89% and 0.20%, respectively.

Based on RTI Business data, the frequency of stock trading on the domestic exchange today was 1.28 million transactions.

A total of 22.19 billion shares changed hands, with a transaction value reaching Rp 13.67 trillion.

AXIO was the top gainer after strengthening by 33.33%, followed by PTMP and MAHA, which rose by 24.79% and 20.18%, respectively.

Meanwhile, today's top loser was JATI, which weakened by 14.55%, followed by DYAN and MPPA, which contracted by 14.29% and 14.16%, respectively.

The majority of stocks closed lower today. Specifically, 287 stocks weakened, 262 stocks strengthened, and 200 stocks were stagnant.