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IDX Composite extends loss to close Friday 0.57% down
The IDX Composite declined 0.57 percent to close Friday's trading at 7,137.
Change Size
Attendees look at stock movements on Jan. 2 during the opening ceremony of the Indonesia Stock Exchange (IDX) for 2024 at the bourse in Jakarta. The IDX Composite closed on Jan. 26 down 0.57 percent at 7,137. (Antara/Asprilla Dwi Adha)
T
he Indonesia Stock Exchange (IDX) Composite had dropped 0.57 percent to 7,137 at the closing bell on Friday to post a cumulative decline of 1.25 percent for this week.
The index has recorded a 1.87 percent decline since the IDX opened its trading session for the year on Jan. 2.
Eight out of 11 sector indices on the IDX closed in the red.
The biggest decline was seen in the transportation and logistics sector at 2.42 percent, followed by technology with 1.31 percent and then energy, down 0.97 percent.
The non-primary consumer goods, primary consumer goods, health, industrial and raw materials sectors posted declines of between 0.32 and 0.71 percent for the day’s trading.
But the index also saw resilience in three sectors: property and real estate strengthened 0.44 percent and the financial sector was up 0.20 percent, while infrastructure gained a moderate 0.12 percent.
Meanwhile he LQ45, which gauges the top 45 stocks by market capitalization on the IDX, had plunged 0.87 percent to 951.49 by the end of the trading day.
PT ESSA Industries Indonesia (ESSA) posted the biggest fall at 4.67 percent, followed by PT Elang Mahkota Teknologi (EMTK) plummeting 4.62 percent, while PT Bank Jago (ARTO) fell 4.49 percent.
Conversely, PT Indah Kiat Pulp & Paper (INKP) recorded the biggest gain at 3.95 percent, followed by PT AKR Corporindo (AKRA) rising 1.82 percent.
The IDX recorded a total trading volume of 17.12 billion shares valued at Rp 10.29 trillion (US$651.88 million) on Friday, with 346 stocks down, 183 stocks up, and 237 stocks unchanged.
