The Jakarta Composite Index (IHSG) concluded its first trading session today, Tuesday (4/11), with a notable ascent, gaining 21.09 points or 0.25% to reach the 8,296 level. This positive movement signaled an encouraging start for the domestic stock market.
Detailed trading data from the Indonesia Stock Exchange (BEI) revealed significant activity. The total transaction value for shares reached an impressive Rp 8.91 trillion, driven by a robust volume of 15.25 billion shares traded across 1.31 million transactions. While 264 stocks managed to strengthen, a larger proportion, 347 stocks, experienced corrections, and 197 stocks remained unchanged. The overall market capitalization of the IHSG during this session stood at Rp 15,141 trillion.
Interestingly, even as the IHSG rallied, stocks associated with gold commodities experienced significant declines. PT Hartadinata Abadi Tbk (HRTA) saw its share price plummet by 3.94% to Rp 1,220. Similarly, PT Archi Indonesia Tbk (ARCI) fell 3.31% to Rp 1,170, PT Aneka Tambang Tbk (ANTM) dropped 2.57% to Rp 3,030, and PT Bumi Resources Minerals Tbk (BRMS) recorded a 1.54% decrease, closing at Rp 960. This contrasting performance underscores sector-specific dynamics within the broader market.
Analyzing sectorial performance, only five out of the eleven stock sectors on the BEI managed to close in the green. The industrial sector emerged as the frontrunner, posting the largest gain of 4.02%. Among the industrial sector’s positive contributors was PT Multi Hanna Kreasindo Tbk (MHKI), which advanced 1.64% to Rp 248, reflecting investor interest in this segment.
On a broader regional front, major Asian stock markets largely trended downwards. The Hang Seng Index registered a decline of 0.16%, the Shanghai Composite experienced a correction of 0.34%, the Straits Times slipped by 0.12%, and Japan’s Nikkei index decreased by 0.61%, indicating a widespread cautious sentiment across the continent.
The top gainers for the session included:
- PT TBS Energi Utama Tbk (TOBA): surged 8.97% to Rp 850
- PT Maharaksa Biru Energi Tbk (OASA): rose 3.92% to Rp 212
- PT Petrosea Tbk (PTRO): increased 2.74% to Rp 7,500
Conversely, the top losers were:
- PT Hartadinata Abadi Tbk (HRTA): dropped 3.94% to Rp 1,220
- PT Archi Indonesia Tbk (ARCI): fell 3.31% to Rp 1,170
- PT Aneka Tambang Tbk (ANTM): decreased 2.57% to Rp 3,030
Summary
The Jakarta Composite Index (IHSG) concluded its first trading session with a slight gain of 21.09 points, or 0.25%, reaching the 8,296 level. This session recorded a total transaction value of Rp 8.91 trillion from 15.25 billion shares traded across 1.31 million transactions. Despite the IHSG’s ascent, 347 stocks experienced corrections while only 264 managed to strengthen.
In contrast to the rising IHSG, gold-related stocks such as HRTA, ARCI, ANTM, and BRMS all plunged significantly. Only five out of eleven stock sectors on the BEI closed positively, with the industrial sector showing the largest gain of 4.02%. Broader Asian stock markets largely trended downwards, indicating a widespread cautious sentiment.
