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IHSG defies red zone, closes 0.24% higher on sectoral support
IHSG closed higher despite spending the session in the red zone, gaining support from nine sectors.
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An employee takes a picture of stock movements
at the Indonesian Stock Exchange in Jakarta on Tuesday, July 4, 2023. IHSG closed higher despite spending the session in the red zone, gaining support from nine sectors. (Antara/Hafidz Mubarak A)
D
espite spending the entire day in the red zone, the Indonesia Stock Exchange (IDX) Composite (IHSG) closed higher on Tuesday. The IHSG increased by 0.24 percent, or 16.32 points to 6,752.21 at the end of the trading session.
The IHSG's rise was supported by gains in nine sectoral indices. The technology sector surged by 2 percent, while the infrastructure sector advanced by 1.87 percent. Property and real estate strengthened by 0.86 percent.
The raw materials sector rose by 0.43 percent. The primary consumer goods sector increased by 0.39 percent. The transportation and logistics sector improved by 0.30 percent. The financial sector was lifted by 0.23 percent. The industrial sector rose by 0.23 percent. The energy sector made a slight gain of 0.04 percent.
Two sectors remained in the red zone until the market closed. Health care and non-primary consumer goods declined by 0.44 percent and 0.25 percent, respectively.
The leading gainers in the LQ45 today were PT Barito Pacific (BRPT), with a substantial increase of 11.94 percent, followed by PT XL Axiata (EXCL), with a significant rise of 10.73 percent. PT GoTo Gojek Tokopedia (GOTO) also performed well, registering a gain of 7.14 percent.
On the other hand, the top losers in the LQ45 consisted of PT Vale Indonesia (INCO) with a decline of 5.26 percent, PT Merdeka Copper Gold (MDKA) with a drop of 4.7 percent, and PT Unilever Indonesia (UNVR) with a decrease of 4.49 percent.
The total exchange transaction volume amounted to 25.74 billion shares with a transaction value of Rp 11.15 trillion (US$702.5 million). Among the listed stocks, 291 experienced a decline, 252 saw an increase and 210 remained unchanged.
Although the IHSG displayed gains today, it has recorded a 0.8 percent decline over the past week. Furthermore, since the beginning of the year, the IHSG has registered a 1.44 percent decrease.
