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IDX Composite drops 0.17% following daylong fluctuations
The IDX Composite dipped by 0.17 percent to 7,123.61 following fluctuations on Tuesday while its international counterparts saw more positive trends.
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A woman walks past a large screen displaying stock indices on March 14, 2024, at the Indonesia Stock Exchange (IDX) in Jakarta. The IDX Composite dipped by 0.17 percent to 7,123.61 following fluctuations on, May 7, 2024. (AFP/Bay Ismoyo)
T
he Indonesian Stock Exchange (IDX) Composite index dipped 0.17 percent, or 12 points, to 7,123.61 on Tuesday, following a series of fluctuations during the day.
Based on data collected at the end of Tuesday's trading, the total exchange transaction volume reached 19.34 billion shares with a transaction value of Rp 10.85 trillion (US$675.54 million).
Among the stocks, 254 increased, 290 experienced a decline and 238 remained stable.
The IDX Industrial Classification sectoral index recorded notable gains from four sectoral indices. The raw goods sector gained 0.89 percent, followed by the health sector’s 0.64 percent increase and the infrastructure sector’s 0.36 percent improvement.
Meanwhile, the transportation and logistics, and finance and technology sectors suffered the worst drops on Tuesday, with a decrease ranging between 0.66 and 0.90 percent.
PT Ladang Baja Murni (LABA) reported a 34.31 percent increase, rendering the company the top gainer on Tuesday. PT Remala Abadi (DATA) followed suit with a 34.04 percent increase and PT Pelangi Indah Canindo (PICO) enjoyed a 25.00 percent gain.
The top losers were PT Multi Hanna Kreasindo (MHKI) with a 24.89 percent drop, PT Platinum Wahab Nusantara (TGUK) with a 24.64 percent dip and PT Atlantis Subsea Indonesia (ATLA) with a 17.52 percent decline.
On the international scene, Japan's Nikkei 225 index gained 2.25 percent and South Korea's Kospi index 2.16 percent, whereas the Hong Kong’s Hang Seng Index (HSI) dipped by 0.53 percent.
Meanwhile, United States-based indexes reported increases throughout Tuesday, as exemplified by the S&P 500's gains of 0.44 percent, the NYSE’s of 0.93 percent and the NASDAQ Composite’s 2.37 percent.
Europe-based indexes also showed similar trends to their US-based counterparts. The United Kingdom's FTSE 100 reported an increase of 0.96 percent, followed by France's CAC 40 by 0.23 percent and Germany's DAX by 0.43 percent.
