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IDX Composite regains momentum ahead of Idul Fitri holiday
The Indonesia Stock Exchange (IDX) Composite regains momentum in its last trading session before the long Idul Fitri holiday, closing in the green for the second consecutive day at 7,286.88 on Friday.
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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 regains momentum in its last trading session before the long Idul Fitri holiday, closing in the green for the second consecutive day at 7,286.88 on April 5, 2024. (Antara/Akbar Nugroho Gumay)
T
he Indonesia Stock Exchange (IDX) Composite strengthened in the last trading session before the long Idul Fitri holiday, closing up by 0.45 percent, or 32.48 points, to 7,286.88 on Friday.
The bourse is set to close from Monday until April 15 for Idul Fitri and cuti bersama (government-mandated collective leave).
Investors conducted transactions amounting to Rp 11.98 trillion (US$754.4 million), with a total of 16.27 billion shares traded. By the close of trading today, 261 stocks gained, 301 corrected and 220 remained flat.
Five sectoral indices drove the composite index’s gain today. The infrastructure sector surged by 1.70 percent, the energy sector by 0.86 percent and the healthcare sector by 0.62 percent. Meanwhile, the basic materials and industrial sectors slightly gained by 0.34 and 0.3 percent, respectively.
Conversely, the remaining six sectors closed in the red by the end of today’s trading. The transportation and logistics sector slipped by 0.71 percent, the technology sector dipped by 0.66 percent and the primary consumer goods sector declined by 0.48 percent.
The property and real estate sector dropped by 0.39 percent, while the financial sector weakened by 0.27 percent and the non-primary consumer goods sector closed slightly in the red by 0.002 percent.
Today’s trading also saw some movements in the LQ45 index, with the top gainers being PT Merdeka Battery Materials (MBMA) with a 4.5 percent gain, followed by PT Barito Pacific (BRPT) and PT Industri Jamu dan Farmasi Sido Muncul (SIDO) with increases of 3.61 and 2.27 percent, respectively.
On the other hand, the top losers in the LQ45 index were PT Merdeka Copper Gold (MDKA) with a 2.24 percent decrease, PT Bukalapak.com (BUKA) with a 2.01 percent decline and PT AKR Corporindo (AKRA) slipping by 1.98 percent.
Despite Friday’s increase, the IDX Composite still recorded a slight decline of 0.03 percent for the week while year-to-date, the composite index has increased by 0.19 percent.
