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IDX Composite gains 0.11% on Tuesday
The Indonesian Stock Exchange (IDX) Composite (IHSG) posted a 0.11-percent gain on Tuesday, closing at 7,234.46.
Change Size
Attendees look at stock trading movements on Jan. 2, 2024, during the opening ceremony of the Indonesia Stock Exchange (IDX) in Jakarta. The IHSG posted a 0.11-percent gain on Jan. 23, 2024, closing at 7,234.46. (Antara/Asprilla Dwi Adha)
The Indonesian Stock Exchange (IDX) Composite (IHSG) ended the Tuesday trading higher, rising by 0.11 percent to 7,234.46.
Five out of 11 sectors in the IDX were in the green by the closing bell.
Raw goods went up by 0.48 percent, while infrastructure followed with a 0.12-percent increase. Non-primary consumer goods and financial and primary consumer goods both posted gains of less than 0.1 percent.
Conversely, logistics and transportation saw the worst decline, at 1.92 percent. The property and real estate and industrial sectors lost 1.21 percent each. Technology and health also declined by 0.69 percent and 0.59 percent, respectively. Meanwhile, the energy sector recorded a 0.22-percent drop.
The LQ45 index opened lower on Tuesday morning and eventually closed 0.16 percent lower. PT Harum Energy (HRUM) became the top loser within the 45-stock index, posting a 3.89 percent decline. Meanwhile, PT Chandra Asri Petrochemical (TPIA) came out as the top gainer with a 14.82 percent hike.
The total transaction volume in IHSG reached 15.61 billion shares, amounting to Rp 10.08 trillion (US$ 641.6 million) by the end of the day.
Meanwhile, Indo Premier Sekuritas equity analyst Dimas Krisna Ramadhani said market actors must pay attention to the United States personal consumption expenditures (PCE) report due to be published on Friday.
According to the analyst, experts predict that the index will rise to 0.2 percent, a slight increase from 0.1 percent in December 2023.
"The index that the Fed [United States Federal Reserve] uses to glean information about current inflation trends will impact the institution’s interest rate decisions this month," Dimas said on Monday, as quoted by the Antara news agency.
