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IDX Composite falls 0.09%, pressured by 7 sectors
The IDX Composite index fell by 0.09 percent by the end of Tuesday’s trading, mainly due to weakness in seven out of 11 sectors.
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Tidy trading: A staff member cleans the floor of the Indonesia Stock Exchange (IDX) building in South Jakarta on April 16, 2024 (Antara/Erlangga Bregas Prakoso)
The Indonesia Stock Exchange (IDX) Composite index fell by 0.09 percent, or 6.46 points, to close at 6,882.7 on Tuesday.
The slight decline was tied to the weakening of seven out of the total 11 sectors in the IDX.
The sector that weakened the most was non-primary consumer goods, which fell by 1.72 percent, followed by the transportation sector, down by 0.86 percent; the technology sector, down by 0.74 percent; and the primary consumer goods sector, down by 0.66 percent.
Meanwhile, the property and real estate sector weakened by 0.56 percent, the financial sector by 0.25 percent and the energy sector by 0.06 percent.
On the other hand, the industrial sector strengthened by 0.68 percent, the infrastructure sector by 0.14 percent, the health sector by 0.04 percent and the basic materials sector by 0.02 percent.
The total trading volume of shares reached 23.06 billion, with a transaction value of Rp 26.99 trillion (US$16.47 billion). The index saw 308 stocks weaken, 241 stocks strengthened and 234 stocks that remained.
The LQ45 index, which tracks the top 45 performing stocks, also declined to 861.67, down 2.73 points or 0.32 percent.
The top losers in LQ45 were PT Bank Jago (ARTO), down 4.04 percent to Rp 2,140 per share; PT Bukalapak.com (BUKA), down 2.22 percent to Rp 132 per share and PT Barito Pacific (BRPT), down 2.07 percent to Rp 945 per share.
The top gainers were PT Merdeka Copper Gold (MDKA), up 3.45 percent to Rp 2,400 per share; PT Dayamitra Telekomunikasi (MTEL), up 2.33 percent to Rp 660 per share and PT Medco Energi Internasional (MEDC), up 2.31 percent to Rp 1,330 per share.
On the other hand, Bloomberg data showed the afternoon exchange rate of the rupiah strengthened by 19 points, or 0.12 percent, to Rp 16,375 per US dollar.
Most Asian indices rose on Tuesday.
Japan’s Nikkei 225 gained 368.5 points, a 0.95 percent increase, closing at 39,173.1. Hong Kong’s Hang Seng Index increased by 45.18 points, or up 0.25 percent, to finish at 18,072.9. Singapore’s Straits Times Index also rose by 8.02 points, up 0.24 percent, to reach 3,322.16.
Meanwhile, China’s SSE Composite Index dropped by 13.1 points, or 0.44 percent, settling at 2,950.
