Indonesia's Composite Stock Price Index (IHSG) Closed Higher as the Market Awaits the Central Bank's (BI) Interest Rate Decision (Wednesday, December 20, 2023)
Lite
Sorry, an error has occurred
For now, this data cannot be displayed. We are trying to fix it.
Back to Home- A Small Font
- A Medium Font
- A Bigger Font
The Jakarta Composite Index (IHSG) rose 31.82 points or 0.44% to 7,219.66 at the close of trading on Wednesday (20/12/2023).
The index strengthened as market players observed Bank Indonesia's (BI) benchmark interest rate decision on Thursday (21/12/2023).
"Currently, market players are adopting a wait-and-see approach, awaiting the results of the BI Board of Governors (RDG) meeting to be released on Thursday regarding interest rate policy," said the Lotus Andalan Sekuritas Research Team, as reported by Antara, Wednesday (20/12/2023).
The consensus expects BI to hold the benchmark interest rate, the BI 7-Day Reverse Repo Rate (BI7DRR), at 6%.
In addition, the Lotus Andalan Sekuritas Research Team stated that market focus is also on the vice-presidential candidate debate to be held on Friday (22/12/2023).
This debate will feature three vice-presidential candidates: Muhaimin Iskandar, Gibran Rakabuming Raka, and Mahfud MD.
According to the Lotus Andalan Sekuritas Research Team, the debate is important for financial market players because it can at least provide an indication of the direction of each vice-presidential candidate's policies, which will have a significant impact on Indonesia's future economic policies.
Based on the IDX-IC Sectoral Index, eight sectors increased, led by the basic materials sector by 2.69%, followed by the transportation & logistics and infrastructure sectors, which rose by 1.88% and 0.92%, respectively.
Meanwhile, three sectors declined, with the consumer staples sector falling the most at -0.42%, followed by the industrial and health sectors, which fell by 0.3% and 0.09%, respectively.
Based on RTI Business data, the frequency of stock trading on the domestic exchange today reached 1.19 million transactions.
A total of 21.58 billion shares changed hands, with a total transaction value of Rp 14.37 trillion.
MEDS was today's top gainer, surging 33.96%, followed by GTBO and CARE, which rose 24.87% and 15.58%, respectively.
On the other hand, JTPE was the top loser after plunging 11.73%, followed by UDNG and NTBK, which fell 9.3% and 7.27%, respectively.
Regional Asian stock exchanges showed mixed movements this afternoon. The Nikkei index strengthened by 456.50 points or 1.37% to 33,675.89, the Hang Seng index rose 108.81 points or 0.66% to 16,613.81, the Shanghai index weakened 30.28 points or 1.03% to 2,902.11, and the Straits Times index weakened 8.59 points or 0.28% to 3,108.03.
"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."
Related Data
Latest Data Stories
Trending Topics
Popular Data