The Composite Stock Price Index (IHSG) concluded its first trading session on Monday, December 22nd, with a positive stride, climbing 0.19% or 16.11 points to settle at 8,625. This upward momentum was significantly amplified by the robust performance of several key companies affiliated with the Bakrie Group. Shares of PT Bumi Resources Tbk (BUMI), PT Bumi Resources Minerals Tbk (BRMS), and PT Darma Henwa Tbk (DEWA) all experienced a synchronous surge, contributing to the overall market cheer.
Delving into the specifics, BUMI’s share price remarkably jumped by 12.79%, adding 44 points to reach 388. Following suit, BRMS shares advanced by 4.42%, gaining 50 points to touch 1,180, while DEWA shares leapt 5.50%, or 30 points, closing at 575. These substantial gains underscored a buoyant start to the trading day for these prominent issuers.
According to comprehensive trading data from the Indonesia Stock Exchange (IDX), the first session was marked by active participation, with a total trading volume reaching 25.42 billion shares and transactions executed 1.94 million times. The market capitalization stood at an impressive Rp 15,814 trillion, reflecting the significant value held within the exchange. The total transaction value by midday amounted to Rp 13.34 trillion, indicating strong liquidity. A broader market overview revealed a mixed sentiment, with 250 stocks strengthening, 409 experiencing corrections, and 144 remaining unchanged as the market paused for the lunch break.
Mirroring the index’s overall ascent, six out of the eleven sectors listed on the IDX managed to secure positions in the green zone during the first trading session. The energy sector distinguished itself as the top performer, recording a substantial rise of 2.19%, the highest among all sectors. This surge was primarily buoyed by the outstanding performances of BUMI and DEWA shares. Further contributing to the sector’s gains were PT Rukun Raharja Tbk (RAJA), which saw its shares climb 4.48% or 250 points to 5,825, and PT Indika Energy Tbk (INDY), which soared by 8.45% or 180 points to 2,310.
Conversely, the technology sector faced a downward trend, experiencing a sectoral correction of 1.95%. Leading the declines within this segment were PT Elang Mahkota Teknologi Tbk (EMTK), whose shares fell sharply by 4.90% or 60 points to 1,165. PT DCI Indonesia Tbk (DCII) also saw a significant dip, dropping 3.75% or 9,175 points to 235,575, while PT Bukalapak.com Tbk (BUKA) shares corrected by 3.70%, shedding 6 points to close at 156.
In terms of trading value, PT Bumi Resources Tbk (BUMI) emerged as the most actively transacted stock until midday, with its shares trading at a remarkable Rp 2.93 trillion. This was closely followed by PT Super Bank Indonesia Tbk (SUPA), which registered transactions worth Rp 1.24 trillion, and PT Darma Henwa Tbk (DEWA), accumulating a transaction value of Rp 517.36 billion, highlighting their significant presence in the market’s liquidity.
Here are the top gainers from today’s midday trading session:
- PT Guna Timur Raya Tbk (TRUK) surged 12.86% to 575
- PT Bumi Resources Minerals Tbk (BRMS) advanced 12.79% to 388
- PT MD Entertainment Tbk (FILM) climbed 9.89% to 9,725
Conversely, these were the top losers during the same period:
- PT Pelayaran Jaya Hidup Baru Tbk (PJHB) fell 14.69% to 302
- PT Super Bank Indonesia Tbk (SUPA) dropped 14.63% to 1,050
- PT Triniti Dinamik Tbk (TRUE) declined 9.73% to 204
Summary
The Composite Stock Price Index (IHSG) concluded its first trading session on Monday, December 22nd, with a 0.19% increase, reaching 8,625 points. This positive movement was significantly boosted by strong performances from Bakrie Group companies. Shares of PT Bumi Resources Tbk (BUMI) surged by 12.79%, PT Bumi Resources Minerals Tbk (BRMS) rose by 4.42%, and PT Darma Henwa Tbk (DEWA) jumped 5.50%.
The market saw active participation, with a total trading volume of 25.42 billion shares and Rp 13.34 trillion in transaction value by midday. Six out of eleven sectors ended in the green, with the energy sector being the top performer, gaining 2.19%. Conversely, the technology sector experienced a correction of 1.95%. BUMI emerged as the most actively transacted stock until midday, with a value of Rp 2.93 trillion.
