Saturated Market Players, IHSG Stagnant for a Week

The Composite Stock Price Index (IHSG) remained stagnant at 6,373 points during the period of July 5-12, 2019. The index reached its weekly high of 6,417.07 points at the close of trading on Thursday (July 11th). However, at the close of trading on Friday (July 12th), the IHSG weakened by 0.68%. Reliance Sekuritas analyst Lanjar Nafi Taulat Ibrahimsyah assessed that today's IHSG correction was influenced by overbought conditions from market players.

The IHSG's lowest level this week occurred on Monday (July 8th) at 6,351.83 points. Throughout the week, the IHSG was supported by four sectors: the diverse industries sector index, the property and real estate sector, the finance sector, and the trade and services sector. The diverse industries sector index rose the highest at 3.95%, followed by the property and real estate sector, which rose 1.98%. The finance sector index rose 1.47%, while the trade and services sector index strengthened by 1.29%.

The consumer sector index fell the most at 3.14%, followed by the mining sector, which corrected by 2.4%. The infrastructure sector index fell 1.47%, and the manufacturing sector index fell by 1.32%. The agricultural sector index also fell 1.23%, while the basic industry sector index fell 0.48%.

(Read Databoks: [Rupiah Strengthening Drives IHSG into the Green Zone](https://databoks.katadata.co.id/datapublish/2019/07/11/penguatan-rupiah-pacu-laju-ihsg-ke-zona-hijau))