IDX Closes Higher Despite BI's Interest Rate Hike (Thursday, January 19, 2023)
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The Jakarta Composite Index (JCI) strengthened by 54.12 points or 0.8% to 6,819.907 at the close of trading on Thursday, January 19, 2023.
This index increase occurred amidst a 25 basis points (bps) increase in the benchmark interest rate, or the BI 7-Day Reverse Repo Rate (BI7DRR), to 5.75%.
"The JCI moved optimistically and recorded a strengthening amidst BI's decision to increase its interest rate," said Pilarmas Investindo Sekuritas, as quoted by *Republika*, Thursday (19/1).
Based on data from the Indonesia Stock Exchange (IDX), the trading frequency today was 1.06 million transactions.
A total of 17.14 billion shares changed hands, with a transaction value reaching Rp9.09 trillion.
INRU, with a 25% increase, was the top gainer. This was followed by OMRE and WAPO, which strengthened by 24.6% and 22.16%, respectively.
Today's top losers included ISAP, which contracted by 9.9%, followed by SOUL and FMII, which weakened by 9.62% and 6.93%, respectively.
Although the stock index strengthened, the majority of stocks closed stagnant today. The breakdown is: 306 stocks stagnant, 301 stocks strengthened, and 229 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."