Indonesia's Composite Stock Price Index (IHSG) Closed Lower, Tech Stocks Plunge (Tuesday, August 8, 2023)

The Jakarta Composite Index (JCI) weakened by 17.55 points or 0.25% to 6,868.81 at the close of trading on Tuesday (8/8/2023).

Based on the IDX-IC Sectoral Index, eight stock sectors were corrected today. The technology sector fell the most, weakening by 0.96%, followed by the non-primary consumer goods sector and the basic materials sector, which fell by 0.57% and 0.35%, respectively.

On the other hand, three stock sectors strengthened today, led by the infrastructure sector with a 0.81% increase, followed by the property sector which rose 0.41%, and the transportation and logistics sector which rose 0.03%.

Based on RTI Business data, the frequency of stock trading on the domestic exchange today was 1.20 million transactions.

A total of 21.61 billion shares changed hands, with a transaction value of Rp 8.95 trillion.

The issuer with the code PPRI became the top loser after weakening by 15%, followed by issuers FOLK and GTRA which contracted by 14.16% and 12.08%, respectively.

Meanwhile, the top gainers today were CYBR, which strengthened by 35%, followed by JATI and KRYA, which contracted by 33.82% and 31.25%, respectively. Note that there appears to be an error in the original text; JATI and KRYA are listed as both top gainers and experiencing contractions.

The majority of stocks closed weaker in today's trading. Specifically, 276 stocks weakened, 248 stocks strengthened, and 226 stocks were stagnant.