TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
IDX Composite sees broad sectoral decline, closes in the red
The Indonesia Stock Exchange (IDX) Composite dropped 0.47 percent to 6,961.79 on Tuesday. The market is awaiting third quarter current account data and a Bank Indonesia rate decision.
Change Size
An employee takes a picture of stock movements
at the Indonesia Stock Exchange (IDX) in Jakarta on July 4, 2023. The IDX Composite dropped 0.47 percent to 6,961.79 on Nov. 21, 2023. (Antara/Hafidz Mubarak A)
The Indonesia Stock Exchange (IDX) Composite closed in the red on Tuesday, down 0.47 percent, or 33.1 points, to 6,961.79.
Nine sectoral indices contributed to the downturn.
A total of 22.3 billion shares, with a transaction value of Rp 9.1 trillion (US$584 million), were traded during the session. Among the traded stocks, 297 weakened, 225 gained and 231 remained flat.
The infrastructure sector experienced the most significant fall at 3.38 percent. The health sector followed with a 0.68 decline, and raw goods lost 0.54 percent.
Other sectors in the negative included transportation and logistics with a 0.35 percent dip; primary consumer goods with a 0.29 percent loss; industrial, which fell by 0.25 percent; and non-primary consumer goods, which were down 0.23 percent.
Energy and finance lost 0.14 percent and 0.10 percent, respectively.
Only two sectors posted gains, with the technology sector climbing 0.74 percent and the property and real estate sector rising by 0.13 percent.
Meanwhile, the LQ45 Index experienced a 0.32 percent decline to 915.72.
The top gainers were Bukalapak (BUKA), with a 2.88 percent increase; Adaro Energy Indonesia (ADRO), up by 2.35 percent; and Merdeka Copper Gold (MDKA), rising by 2.13 percent.
The top losers were PT Barito Pacific (BRPT), with a significant 8.77 percent drop; PT Indocement Tunggal Prakarsa (INTP), down by 2.09 percent; and PT Bank Tabungan Negara (BBTN), which fell by 1.95 percent.
This week, the domestic market awaits data on Indonesia's third-quarter current account balance, which is expected to decline in line with a lower trade surplus.
Market players are also anticipating a decision on the Bank Indonesia 7-day reverse repo rate (BI7DRR), which may remain at 6 percent.
