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IDX index drops on final trading day before Good Friday
The IDX Composite declined for a second consecutive day on Thursday, the last trading day of the week, slipping 0.29 percent to close at 7.288,81.
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A woman walks on March 13, 2024 past an electronic display showing stock movements on the Indonesia Stock Exchange (IDX). The IDX Composite left the 7,300 zone on March 28, 2024 after declining 0.29 percent to close at 7,288.81. (Antara/Akbar Nugroho Gumay)
T
he Indonesia Stock Exchange (IDX) Composite again declined again on Thursday, the last trading day of the week before closing for Good Friday on March 29.
The index left the 7,300 zone when it slipped 0.29 percent to close at 7.288,81 on Thursday, the second drop in as many days after dropping 0.75 percent the previous day to close at 7,310,09.
Most sector indices also fell on March 28 in line with the index.
Notable increases occurred on Thursday in the technology sector, which rose 0.85 percent, and the non-cyclical consumer sector, which rose 0.74 percent.
The top loser was the transportation and logistics sector, which plummeted 2.92 percent, followed by the industrial sector, which dropped 1.29 percent.
The property and real estate sector fell 0.88 percent and the healthcare sector fell 0.81 percent, while the infrastructure sector slipped 0.45 percent.
The energy sector was corrected 0.71 percent.
The LQ45 index’s top gainers on Thursday were PT Indofood CBP Sukses Makmur (ICBP) at 5.45 percent, PT GoTo Gojek Tokopedia (GOTO) at 4.55 percent and PT Charoen Pokphand (CPIN) at 1.45 percent.
On the other hand, the index’s top losers were PT Mitra Pack (PTMP), with a significant slump of 20 percent, followed by PT Indo Tambangraya Megah (ITMG) down 6.07 percent and PT Ace Hardware (ACES) down 3.59 percent.
The decline of the IDX Composite came as the Constitutional Court opened its preliminary hearing on several challenges filed against the results of the 2024 general election.
Meanwhile, external impacts included continuing market uncertainty over dovish statements from several officials of the United States Federal Reserve amid relatively high inflation and a tight labor market in the US.
