Indonesia's IDX Closes Higher Ahead of the Fed's FOMC Meeting (Tuesday, April 30, 2024)

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Nabilah Muhamad 30/04/2024 18:05 WIB
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Jakarta Composite Index (JCI) March 30 - April 30, 2024
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The Jakarta Composite Index (IHSG) strengthened by 78.41 points or 1.10% to 7,234.19 at the close of trading on Tuesday (April 30, 2024).

This strengthening occurred amidst a wait-and-see attitude among market players ahead of the Federal Open Market Committee (FOMC) meeting of the United States central bank, The Fed, on Wednesday (April 30, 2024) and Thursday (May 1, 2024).

Based on the IDX-IC Sectoral Index, 10 out of 11 stock sectors strengthened today. The transportation sector led with a 2.07% increase, followed by the energy and basic materials sectors, which rose by 1.77% and 1.27%, respectively.

Only one sector experienced a correction today, namely infrastructure, which fell by 0.28%.

According to RTI Business data, the frequency of stock trading on the domestic exchange today was 1.15 million transactions.

A total of 27.03 billion shares changed hands, with a transaction value of approximately Rp 17.29 trillion.

351 stocks closed higher today, 226 stocks weakened, and 202 stocks were stagnant.

Today's top gainers were GOLD, which soared 23.84%, followed by BRNA and HILL, which rose by 20% and 14.85%, respectively.

On the other hand, the stock with the code TRGU was today's top loser after plunging 24.75%, followed by WIKA and VINS, which fell by 20.59% and 15.20%, respectively.

Almost all Asian regional exchanges also closed in the green this afternoon. The Nikkei index strengthened by 1.24% to 38,405.69, the Hang Seng index strengthened by 0.09% to 17,763.02, the Shanghai index weakened by 0.26% to 3,104.82, and the Straits Times index strengthened by 0.32% to 3,292.68.

Editor : Adi Ahdiat

"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."

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