TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
IDX closes in red zone as major bank stocks decline
The IDX Composite Index closed in the red on Tuesday, dropping 0.11 percent to 7,313.85 amid major bank stock declines. The day's trading volume was low, with Rp 8.31 trillion in transactions and mixed sectoral performance.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Tidy trading: A custodian cleans the floor of the Indonesia Stock Exchange (IDX) building in South Jakarta on April 16, 2024. The IDX Composite Index closed in the red zone , dropping 0.11 percent to 7,313.85, on July 23, 2024. (Antara/Erlangga Bregas Prakoso)
T
he Indonesian Stock Exchange (IDX) Composite index slipped into the red zone on Tuesday, primarily a result of significant laggards among major bank stocks.
The IDX Composite index declined by 0.11 percent, or 9.12 points, to close at 7,313.85, though it remained above the 7,300 level.
Trading volume was low, with a transaction value of Rp 8.31 trillion (US$512.37 million) from over 29 billion shares exchanged in 1.05 million transactions. There were 267 stocks that gained, 308 that declined and 220 that remained unchanged.
Six sectoral indices declined, with the energy sector plummeting 1 percent, the industrial sector dropping 0.81 percent, the primary consumer goods sector slipping 0.57 percent, the non-primary consumer goods sector falling 0.41 percent, the financial sector weakening 0.17 percent and the property and real estate sector edging down 0.01 percent.
Meanwhile, five sectors managed to strengthen. The technology sector led with a gain of 1.53 percent, followed by the basic materials sector with 1.26 percent, the healthcare sector rising by 0.47 percent, the industrial and consumer cyclical sectors both increasing by 0.13 percent and the infrastructure sector gaining 0.34 percent.
The biggest laggards were PT Bank Rakyat Indonesia (BBRI), which lost 13.11 points, followed by PT Barito Renewables Energy (BREN) with an 11.84-point drop and PT Bank Mandiri (BMRI), which fell by 6.96 points.
The top gainers were PT GoTo Gojek Tokopedia (GOTO) with a rise of 7.84 percent, PT Bank Jago (ARTO) with an increase of 5.86 percent and PT Amman Mineral Internasional Tbk (AMMN) with a gain of 3.36 percent.
Despite Tuesday’s decline, the Composite recorded a 1.24 percent increase over the past week and has risen 0.56 percent year-to-date.
