Indonesia's Composite Stock Price Index (IHSG) Closed Lower; Infrastructure Stocks Weigh Heavily (Wednesday, November 22, 2023)

The Jakarta Composite Index (IHSG) closed down 54.83 points, or 0.79%, to 6,906.953 on Wednesday (22/11/2023).

The weakening of the stock index was partly supported by the infrastructure sector, which closed with the most significant decline today.

Based on the IDX-IC Sectoral Index, nine sectors weakened today, led by the infrastructure sector, which fell the most at 5.44%, followed by the basic materials sector and the transportation & logistics sector, which fell by 2.52% and 1.11%, respectively.

Meanwhile, two other sectors increased, namely the technology and healthcare sectors, which rose by 2.66% and 0.44%, respectively.

Based on RTI Business data, the frequency of stock trading on the domestic exchange today was 1.02 million transactions.

A total of 23.53 billion shares changed hands, with a transaction value of Rp 8.56 trillion.

PTMP was the top loser today after plunging 24.75%, followed by MDKA and PGEO, which fell by 12.50% and 10.89%, respectively.

Meanwhile, the top gainer today was TRIN, which surged 34.57%, followed by CITY and JARR, which rose by 34.57% and 25%, respectively.

A total of 355 stocks weakened, 225 stocks were stagnant, and 180 stocks strengthened.

Regional Asian stock exchanges showed mixed movements this afternoon. The Nikkei index rose 0.29% to 33,451.80, the Hang Seng index rose 0% to 17,734.60, the Shanghai index fell 0.79% to 3,043.61, and the Straits Times index rose 0.60% to 3,114.92.