Indonesia's IDX (IHSG) Edges Upward, Led by Energy Sector Stocks (Wednesday, September 6, 2023)

The Jakarta Composite Index (JCI) strengthened by 0.06% to 6,995.95, approaching the psychological level of 7,000 at the close of trading on Wednesday (September 6, 2023).

Based on the IDX-IC Sectoral Index, five sectors strengthened today, led by the energy sector, which rose 2.41%, followed by the transportation and logistics sector, up 1.46%, and the basic materials sector, up 1.08%.

On the other hand, six sectors experienced corrections today. The deepest weakening was experienced by the property sector, which fell 0.93%, followed by the consumer staples sector, down 0.55%, and the financial sector, down 0.35%.

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

A total of 19.74 billion shares changed hands, with a transaction value of Rp10.19 trillion.

The issuer with the code KLAS was among the top gainers after strengthening by 23%, followed by issuers APEX and OMED, which strengthened by 22.58% and 13.45%, respectively.

Meanwhile, today's top losers were HAJJ, which weakened by 10%, followed by PACK and WIDI, which contracted by 9.77% and 9.72%, respectively.

Although the stock index strengthened, the majority of stocks closed lower today. Specifically, 278 stocks weakened, 240 stocks strengthened, and 241 stocks were stagnant.