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Jakarta Post

IDX Composite falls 0.27%, ATLA leads gainers

The majority of sectors were down at the close of trade on Thursday.

News Desk (The Jakarta Post)
Jakarta
Thu, April 25, 2024

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IDX Composite falls 0.27%, ATLA leads gainers A woman walks on March 13, 2024, past an electronic display showing stock movements on the Indonesia Stock Exchange (IDX). (Antara/Akbar Nugroho Gumay)

The Indonesia Stock Exchange (IDX) Composite fell by 19.23 points, or 0.27 percent, on Thursday to end the trading day at 7,155.2.

Some Rp 14.5 trillion (US$895.81 million) worth of shares were traded in the course of the day, with 208 stocks rising, 338 falling and 235 remaining unchanged.

The majority of sectors were down at the close of trade.

The deepest declines occurred in the transportation sector, the financial sector and the energy sector, which all fell 1.1 percent. The raw materials sector followed with a 1 percent decline, and the non-primary consumer goods sector fell by 0.7 percent.

Meanwhile, the primary consumer goods sector rose 1.5 percent, the healthcare sector 0.8 percent and the infrastructure sector 0.7 percent.

While the Composite index fell, shares of PT Atlantis Subsea Indonesia (ATLA) rose to touch the Upper Auto Rejection (ARA) limit and led the top gainers, soaring by 24.3 percent to Rp 276 per share.

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Four other top gainers were PT Wahana Inti Makmur (NASI), which jumped by 33.3 percent to Rp 72 per share, and PT Koka Indonesia (KOKA), rising 22.8 percent to Rp 86 per share. Meanwhile, PT Hillcon (HILL) saw an increase of 19.7 percent to Rp 1,430 per share. PT Multi Hanna Kreasindo (MHKI) rose 16.2 percent to Rp 444 per share.

PT Pyridam Farma (PYFA) shares, meanwhile, fell the most, hitting the Lower Auto Rejection (ARB) limit and leading the list of top losers, plunging by 34.5 percent.

Foreign stock markets in Asia were mixed. The Hang Seng Composite Index in Hong Kong recorded a 0.48 percent increase, while the Shanghai Composite Index rose 0.27 percent.

On the other hand, the Straits Times Index in Singapore weakened by 0.22 percent and the Nikkei 225 Index in Japan decreased by 2.16 percent.

European stock markets also showed varied movements. The United Kingdom’s FTSE 100 index rose 0.59 percent, while the DAX index in Germany fell 0.49 percent.

The majority of American markets were in the green. The S&P 500 index rose by 0.02 percent and the NASDAQ Composite index rose by 0.10 percent.

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