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IDX Composite edges down to 6,958.01 after three-day surge
The index dropped by 0.2 points to 6,958.01 after a three-day rally. Seven sectors declined, led by property and real estate.
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An employee takes a picture of stock movements
at the Indonesian Stock Exchange (IDX) in Jakarta on Tuesday, July 4, 2023. The IDX Composite dropped slightly to 6,958.01 on Thursday, Nov. 16, 2023. (Antara/Hafidz Mubarak A)
T
he Indonesia Stock Exchange (IDX) Composite experienced a slight downturn on Thursday, falling 0.2 points to 6,958.01 following a three-day rally.
Seven sectors contributed to the dip, with the property and real estate sector leading the decline by losing 0.61 percent. The primary consumer goods sector fell by 0.41 percent, the energy sector by 0.40 percent and the raw goods sector by 0.30 percent.
The infrastructure, technology and health sectors also declined by 0.26 percent, 0.21 percent and 0.13 percent, respectively.
Four sectors managed to gain ground by the closing bell. The transportation and logistics sector rose 0.44 percent, while the industrial sector climbed by 0.23 percent. The financial and non-primary consumer goods sectors recorded smaller gains, with the former rising by 0.08 percent.
The total transaction volume was 15.3 billion shares, amounting to Rp 9 trillion (US$576 million) in value. Among the traded stocks, 290 weakened, 218 gained and 240 remained flat.
The LQ45 index, which consists of 45 companies with high market capitalization, saw a modest increase of 0.03 percent, reaching 920.408.
The top gainers were PT Vale Indonesia (INCO) with a 3.30 percent rise, PT Indah Kiat Pulp & Paper (INKP) with a 2.36 percent increase and PT Astra International (ASII) with a 1.30 percent uptick.
