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IDX Composite rises 0.34%, supported by foreign inflows
The IDX Composite rose 0.34 percent on Friday due to significant foreign inflows as market sentiment improved despite global uncertainties.
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A worker cleans a 3D logo sign at the Indonesia Stock Exchange (IDX) in South Jakarta on Oct. 18, 2024, beneath a large monitor showing the day’s stock movements on the IDX Composite. The index of all listed stocks on the Indonesian bourse rose 0.34 percent on Jan. 10, 2025, to close at 7,088.86. (Antara Foto/Aprillio Akbar)
T
he Indonesia Stock Exchange (IDX) Composite index ended the week in the green, rising 0.34 percent to close at 7,088.86 on Friday, following two straight days of losses.
The index recorded a total trading volume of 18.37 billion shares for a transaction value of Rp 8.67 trillion (US$535 million). Among the 797 stocks traded, 315 increased, 244 declined and 238 remained unchanged.
Six sectors saw gains, led by the energy sector climbing 2.46 percent. This was followed by basic materials rising 2.23 percent and infrastructure posting a 0.67 percent increase. The other sectors that contributed to the positive momentum were industrials with a rise of 0.60 percent, non-primary consumer goods with a 0.52 percent rise and primary consumer goods, which was up 0.24 percent.
On the downside, technology experienced the largest decline with a drop of 1.74 percent. The property and real estate sector fell 0.41 percent, followed by the financial sector with 0.33 percent down and transportation slipping 0.19 percent, while the health sector recorded a modest decrease of 0.10 percent.
The LQ45 index saw gainers led by PT Merdeka Copper Gold (MDKA), which surged 5.22 percent, followed by PT Aneka Tambang (ANTM) with a 3.17 percent increase and PT Indofood Sukses Makmur (INDF) rising 3.0 percent.
Meanwhile, PT Bukalapak.com (BUKA) led LQ45 losers with the steepest decline of 5.00 percent, followed by PT Bank Mandiri (BMRI) falling 2.51 percent and PT Charoen Pokphand (CPIN) down 1.67 percent.
The bourse’s recovery was due to an influx of foreign capital that booked a net buy of Rp 38.84 billion. Most foreign purchases occurred in the regular market to total Rp 65.97 billion, while the cash and negotiated markets saw a net outflow totaling Rp 27.13 billion.
Indonesia signed on Wednesday a memorandum of understanding with Qatar’s Qilaa International Group for an undisclosed amount to fund the construction of 1 million houses, as part of President Prabowo Subianto’s initiative to build 3 million affordable homes per year.
Despite the day’s gains, external market pressures continued to loom, particularly from the United States and China. Investors remained cautious over global economic uncertainties heading into the new year on US key economic data, including trade figures and the minutes of the Federal Reserve’s December meeting.
