Benchmark Interest Rate Remains Stable, IHSG Closes Lower (Thursday, February 16, 2023)
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The Jakarta Composite Index (IHSG) fell 18.87 points, or 0.27%, to close at 6,895.66 on Thursday, February 16, 2023.
According to Jono Syafei, an analyst at Henan Putihrai Sekuritas, today's index weakening was influenced by Bank Indonesia (BI) policy.
"The IHSG today seems to be affected by the correction in large banks, especially after BI's decision to hold the benchmark interest rate," said Jono Syafei, as quoted by Antara, Thursday (16/2/2023).
Today, BI announced that it would maintain the benchmark BI 7-Days Reverse Repo Rate (BI7DRR) at 5.75%.
"This decision is consistent with the pre-emptive and forward-looking monetary policy stance to realize a decline in inflation expectations and future inflation," said BI Governor Perry Warjiyo in a press conference.
Based on the Indonesia Stock Exchange (IDX) report, the frequency of stock trading on the domestic exchange today was 1.12 million transactions.
A total of 18.87 billion shares changed hands, with a transaction value of Rp9.46 trillion.
The issuer with the code IBOS was the top loser after weakening by 7.33%. This was followed by issuers LAJU and SLIS, which contracted by 7% and 6.99%, respectively.
Today's top gainers were UANG, which strengthened by 14.91%, followed by ERTX and ASSA, which strengthened by 12.82% and 12.36%, respectively.
Although the stock index weakened, the majority of stocks closed stagnant today. The details are 317 stagnant stocks, 280 weakening stocks, and 249 strengthening stocks.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."