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View all search resultsIDX Composite index briefly breaches 8,000 to set new all-time high
The country’s most-watched stock market index closed the day down 0.41 percent after briefly hitting an intraday all-time high of 8.017 points.
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A worker watches President Prabowo Subianto’s State of the Nation address on Friday on a smartphone at the Indonesia Stock Exchange (IDX) in Jakarta. The IDX Composite index briefly reached an all-time high above 8,000 points during intraday trading as the President delivered his speech. (Antara/Asprilla Dwi Adha)
T
he Indonesia Stock Exchange (IDX) Composite index slipped on Friday after briefly hitting an all-time high in the morning trading session as traders sought cues from key political and economic speeches ahead of Independence Day celebrations.
The index closed down 0.41 percent from Thursday at 7,898.37 points.
Despite the pullback, the IDX Composite maintained strong weekly momentum, supported by solid domestic sentiment and a generally positive regional backdrop, with its double-digit year-to-date gain outpacing most global benchmarks.
Total trading value reached Rp 30.38 trillion, with 229 stocks rising, 432 falling and 139 unchanged.
The top gainers in the LQ45 subindex today were PT Mitra Adiperkasa (MAPI), which rose 3.03 percent, followed by PT Indah Kiat Pulp & Paper (INKP) with a 2.24 percent gain and PT Indofood CBP Sukses Makmur (ICBP) up 1.80 percent.
The day’s top losers were PT Vale Indonesia (INCO), which dropped 6.11 percent, Bank Tabungan Negara (BBTN), down 5.19 percent and PT Map Aktif Adiperkasa (MAPA), which fell 4.38 percent.
Earlier in the day, the IDX Composite briefly breached the 8,000 level and hit an all-time high of 8.017 before paring gains to close the first session down a marginal 0.06 percent at 7,926.45 points.
