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 slides 0.35% at end of trading week
The Indonesia Stock Exchange (IDX) Composite (IHSG) closed at 7,227.40, losing 25.56 points or 0.35 percent, on Friday. It recorded a 0.19 percent decline for the week.
Change Size
Attendees look at stock trading movements on Jan. 2, 2024, during the trade opening ceremony at the Indonesia Stock Exchange (IDX) in Jakarta. The IDX Composite (IHSG) closed at 7,227.40, losing 25.56 points or 0.35 percent, on Friday, Jan. 19, 2024. (Antara/Asprilla Dwi Adha)
T
he Indonesia Stock Exchange (IDX) Composite (IHSG) concluded the trading week in the red, losing 25.56 points or 0.35 percent to settle at 7,227.40.
Over the week, the IHSG experienced a 0.19 percent decline.
Eight of the 11 sectors on the IDX saw declines. The biggest decline was seen in the health sector, which plummeted by 1.06 percent. Meanwhile, transportation and technology fell by 0.83 percent each.
The energy and infrastructure sectors both fell by 0.76 percent, while property and real estate declined by 0.44 percent. The non-primary consumer goods and industrial sectors both lost less than 1 percent.
Conversely, sectors that strengthened were raw goods, which rose by 0.62 percent, the financial sector, which experienced a 0.27 percent hike and the primary consumer goods sector, with a meager 0.01 percent uptick.
Friday's total stock trading volume on the IDX amounted to 15.22 billion, with a transaction value of Rp 9.48 trillion (US$607 million). Of the traded stocks, 327 declined, 196 rose and 238 were flat.
The LQ45, which opened in the green earlier in the morning, inched 0.03 percent lower by the closing bell. PT Elang Mahkota Teknologi (EMTK) was the top loser within the 45-stock index, registering a 3.60 percent decline to Rp 535 per share. On the other hand, PT Essa Industries Indonesia (ESSA) emerged as the top gainer, recording a 4.42 percent rise to Rp 590 per share.
The IDX’s performance followed the mixed results seen in major Asian stock indexes.
Strong United States economic data alleviated speculation of an early interest rate cut by the US Federal Reserve. Additionally, Chinese stocks faced a decline following disappointing gross domestic product (GDP) data.
The ongoing geopolitical conflicts in the Middle East pose discernible risks to financial markets.
