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 Composite concludes week in red
The IDX Composite index closed down 0.91 percent at 7,505.26 on Friday, influenced by a new series of economic data, including inflation and manufacturing trends.
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!
An employee walks past a giant monitor showing the fluctuations of the Composite index at the Indonesia Stock Exchange (IDX) in Jakarta on Aug. 5, 2024. The IDX Composite index closed down 0.91 percent at 7,505.26 on Nov. 1, 2024. (Antara/Dhemas Reviyanto)
T
he Indonesia Stock Exchange (IDX) Composite index fell by 0.91 percent, or 68.76 points, on Friday to close at 7,505.26, ending the week in the red.
The Composite index opened slightly down, by 0.04 percent, at 7,571.10. Within five minutes, it declined by a further 0.31 percent, reaching 7,550.51.
Ten of the 11 sectoral indices dragged the Composite into the red, with only the technology sector posting a slight increase of 0.01 percent. The healthcare sector experienced the deepest decline, of 2.65 percent, followed by the transportation and logistics sector, which fell by 2.64 percent. Other sectors, such as primary consumer goods and basic materials, also faced losses of 2.55 percent and 1.82 percent, respectively.
The day’s top gainers on the LQ45 index were PT Adaro Energy Indonesia (ADRO) at 4.70 percent, PT Bank Central Asia (BBCA) at 1.71 percent and PT Indo Tambangraya Megah (ITMG) at 1.69 percent.
The top losers, meanwhile, were PT Charoen Pokphand Indonesia (CPIN), which posted a 6.86 percent loss, PT Indah Kiat Pulp & Paper (INKP), which declined by 5.57 percent, and PT Aneka Tambang (ANTM), which slid 5 percent.
The day’s total trading volume was 20 billion shares, with a transaction value of Rp 10.5 trillion (US$670.99 million). A total of 423 stocks declined, while only 189 advanced, and 175 remained unchanged.
Various economic data releases influenced the Composite index’s movement, particularly domestic inflation and manufacturing data.
The consumer price index (CPI) released by Statistics Indonesia (BPS) on Friday revealed 0.08 percent month-to-month growth in October 2024, indicating the end of Indonesia’s deflationary trend.
Indonesia’s purchasing manager’s index (PMI), published on Friday by S&P Global, showed that the country’s manufacturing activity had continued to decline for the fourth consecutive month in October.
