Indonesia's IDX Closed Higher Despite Weakening Asian Stock Markets Following the Release of the Fed's Minutes (Thursday, July 6, 2023)
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The Jakarta Composite Index (JCI) strengthened by 38.35 points or 0.57% to 6,757.33 at the close of trading on Thursday (6/7/2023).
This strengthening of the stock index occurred amidst a weakening Asian market. The movements of regional Asian stock exchanges this afternoon include:
* Nikkei Index weakened by 565.699 points or 1.70% to 32,773.00
* Hang Seng Index weakened by 577.330 points or 3.02% to 18,533.05
* Shanghai Index weakened by 17.380 points or 0.54% to 3,205.57
* Straits Times Index weakened by 34.950 points or 1.10% to 3,150.43
According to Kontan, the weakening of Asian stock exchanges occurred following the release of the minutes of The Fed, the United States central bank, which revealed that they were divided on their decision to halt interest rate hikes in July.
Based on RTI Business data, the frequency of stock trading on the domestic exchange today was 1.34 million transactions.
A total of 21.20 billion shares changed hands, with a transaction value reaching Rp 9.78 trillion.
TOBA, with code TOBA, was the top gainer after strengthening by 19%, followed by BMTR and GJTL, which strengthened by 14.72% and 14.53% respectively.
Meanwhile, the top losers today were CFIN, which weakened by 14.75%, followed by PADA and SMIL, which contracted by 12.50% and 11.04% respectively.
The majority of stocks closed higher today. Specifically, 306 stocks strengthened, 220 stocks were stagnant, and 218 stocks weakened.
"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."