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Jakarta Post

IDX Composite declines for second straight day

The IDX Composite index dropped 0.26 percent to close at 7,543.83 on Thursday, marking its second consecutive daily decline.

News Desk (The Jakarta Post)
Jakarta
Thu, October 3, 2024

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IDX Composite declines for second straight day The trading floor of the Indonesia Stock Exchange (IDX) in Jakarta. The IDX Composite index dropped 0.26 percent to close at 7,543.83 on Oct. 3, 2024. (JP/Wienda Parwitasari)

T

he Indonesia Stock Exchange (IDX) Composite index fell for the second consecutive day on Thursday, slipping 0.26 percent, or 19.43 points, to close at 7,543.83.

Five sectoral indices pulled the composite index into the red.

The technology sector fell by 1.11 percent, the energy sector dropped by 0.71 percent, healthcare was down 0.69 percent, basic materials slid by 0.69 percent, and transportation and logistics dipped by 0.14 percent.

Meanwhile, six sectors managed to post gains despite today’s decline. The consumer discretionary sector rose by 0.64 percent, property and real estate gained 0.44 percent, industrials climbed 0.31 percent, financials added 0.30 percent, infrastructure edged up 0.07 percent, and consumer staples increased slightly by 0.05 percent.

The top gainers in the LQ45 index were PT Semen Indonesia (SMGR), which rose by 3.59 percent, PT XL Axiata (EXCL), which added 2.73 percent, and PT Astra International (ASII), which gained 1.94 percent.

Meanwhile, the top losers were PT Bukalapak.com (BUKA) which was down 3.33 percent, PT Industri Jamu dan Farmasi Sido Muncul (SIDO) dropping by 3.03 percent and PT Medco Energi Internasional (MEDC), falling by 2.14 percent.

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The total trading volume reached 20.67 billion shares, with a transaction value of Rp 12 trillion (US$777.45).

Of all stocks, 296 declined, 284 advanced and 216 remained flat.

This recent decline reflects growing concerns in global markets driven by escalating geopolitical tensions in the Middle East after Iran attacked Israel following Israel’s invasion of Lebanon.

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