Of the listed stocks, 271 gained, 232 fell and 269 remained stationary.

Some Rp 5.9 trillion (US$377.6 million) worth of stocks was traded, with 84 million shares changing hands in 773,956 trades.

The index hit an all-time high of 7,454 in the morning trading session before entering a volatile period with a downward trend. The market, however, managed to rebound at the end of the trading day to reach another all-time closing high after Wednesday’s close at 7,421.21.

Six sectors drove the strengthening of the IDX Composite on Thursday: the energy sector, industrial sector, technology sector, primary consumer goods sector, property and real estate sector and health sector.

Of these six sectors, the energy sector saw the most growth, rising by 2.54 percent, followed by the technology sector and the primary consumer goods sector with 0.64 percent and 0.52 percent, respectively.

Five sectors were in the red: the raw materials sector, transportation sector, financial sector, infrastructure sector and non-primary consumer goods sector.

The raw material sector experienced the steepest decline, falling 1 percent. In the meantime, the transportation sector was down by 0.56 percent and the financial sector fell 0.3 percent.

PT Medco Energi International (MEDC) was the top performer on the LQ45 index, rising by 9.02 percent, followed by PT GoTo Gojek Tokopedia (GOTO) and PT Bank Tabungan Negara (BBTN) with 4.48 percent and 3.26 percent growth, respectively.

The three top losers on the LQ45 were PT Bank Syariah Indonesia (BRIS), down 4.91 percent; PT Bank Rakyat Indonesia Tbk (BBRI), down 3.91 percent; and PT Merdeka Battery Materials (MBMA), down 2.75 percent.

Two large banks were Thursday’s top movers. PT Bank Central Asia (BBCA) moved 22.4 index points while PT Bank Mandiri (BMRI) moved 11.5 index points.