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IHSG closes in red following ‘hawkish’ tone by the US Feds
The IDX Composite fell 0.42 percent on Friday, closing at 6,809.26 after Thursday's rebound at 6,838.23.
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Traders look at their screens while monitoring stock trading in Jakarta on March 16, 2023. The Indonesia Stock Exchange (IDX) Composite index fell by 0.42 percent to close at 6,809.26 on Nov. 10, 2023. (AFP/Bay Ismoyo)
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fter experiencing a rebound on Thursday, the Indonesia Stock Exchange (IDX) Composite index dropped again by 0.42 percent, down from 6,838.23 to close at 6,809.26 on Friday.
Six sectoral indices slipped, while four stayed positive. Losses were led by the property sector, which dropped by 1.04 percent. Following behind were the non-primary consumer goods and financial sectors, falling by 0.89 percent and 0.88 percent, respectively.
On the other hand, the transportation sector saw the most substantial increase at 0.43 percent, followed by the raw goods sector at 0.28 percent and the technology sector at 0.25 percent.
The total trading volume on the exchange for the day reached 15.76 billion shares, with a total value of Rp 7.47 trillion (US$478.08 million).
Among the top gainers in the blue-chip LQ45 were PT Barito Pacific (BRPT) with an increase of 9.81 percent, PT XL Axiata (EXCL) at 2.3 percent and PT Chandra Asri Petrochemical (TPIA) at 1.35 percent.
Meanwhile, the top losers on the LQ45 were PT AKR Corporindo (AKRA) with a decline of 2.71 percent, PT Ace Hardware Indonesia (ACES) at 2.42 percent and PT Bank Rakyat Indonesia (BBRI) at 2.4 percent.
In line with the IDX, Asian stock exchanges also saw negative trends. The Nikkei 225 in Japan fell by 0.24 percent, the Hang Seng Composite index in Hong Kong decreased by 1.07 percent, and the South Korean Kospi index declined by 0.72 percent.
