The Jakarta Composite Index (IHSG) concluded its first trading session on Wednesday, November 12, with a notable gain, rising by 0.44% or 37.19 points to reach the 8,403 level. This positive momentum was particularly evident in the share prices of companies affiliated with prominent South Kalimantan businessman, Andi Syamsuddin Arsyad, widely known as Haji Isam, which performed impressively.
Specifically, PT Jhonlin Agro Raya Tbk (JARR) surged by 11.44% or 390 points to IDR 3,800. Following this trend, PT Dana Brata Luhur Tbk (TEBE) jumped 11.35% or 260 points, closing at IDR 2,550, while PT Pradiksi Gunatama Tbk (PGUN) advanced by a significant 11.11% or 1,375 points, reaching IDR 13,750.
Data from the Indonesia Stock Exchange (IDX) for the first session revealed robust trading activity across the market. The total trading volume reached an impressive 31.06 billion shares, executed over 1.61 million transactions. At the midday break, the market capitalization stood at IDR 15,367 trillion, with the total transaction value for the day so far amounting to IDR 12.41 trillion.
The market breadth reflected this generally optimistic sentiment, with 357 stocks strengthening, 270 stocks experiencing corrections, and 185 stocks remaining unchanged at the lunchtime interval.
In line with the index’s upward trajectory, nine out of the eleven sectors listed on the IDX closed in the green zone. Notably, the non-cyclical sector recorded a substantial sectoral growth of 1.58%. While cyclical sectors are typically influenced by broader economic conditions, the overall market demonstrated resilience. Among individual stocks, PT Japfa Comfeed Indonesia Tbk (JPFA) climbed 5.51% or 130 points to IDR 2,490, PT Mayora Indah Tbk (MYOR) rose 3.90% or 80 points to IDR 2,130, and PT Gozco Plantations Tbk (GZCO) soared 6.08% or 18 points to IDR 314.
Conversely, the gold mining industry presented a more subdued picture, with several key players experiencing declines. Shares of PT Bumi Resources Minerals Tbk (BRMS) fell by 1.51% or 15 points to IDR 980. Similarly, PT Merdeka Gold Resources Tbk (EMAS) saw a correction of 0.98% or 40 points, closing at IDR 4,040, and PT Merdeka Copper Gold Tbk (MDKA) decreased by 2.80% or 70 points to IDR 2,430.
Examining the highest trading values, PT Bumi Resources Tbk (BUMI) led the market by a significant margin, recording transactions totaling IDR 2.40 trillion by midday. It was closely followed by PT Barito Pacific Tbk (BRPT) with IDR 749.70 billion, PT Darma Henwa Tbk (DEWA) at IDR 468.64 billion, PT Bank Mandiri Tbk (BMRI) with IDR 390.20 billion, and PT Bank Central Asia Tbk (BBCA) at IDR 351.63 billion.
Today’s top gainers included:
- PT Pakuan Tbk (UANG), which surged 24.85% to IDR 4,220
- PT Pelayaran Jaya Hidup Baru Tbk (PJHB), climbing 23.12% to IDR 985
- PT Supra Boga Lestari Tbk (RANC), advancing 10.38% to IDR 1,010
Conversely, the top losers for the day were:
- PT Timah Tbk (TINS), dropping 6.62% to IDR 2,820
- PT Sinar Mas Multiartha Tbk (SMMA), down 4.02% to IDR 12,550
- PT Link net Tbk (LINK), falling 3.85% to IDR 3,000
Summary
The Jakarta Composite Index (IHSG) concluded its first trading session on Wednesday, November 12, with a notable gain of 0.44%, reaching the 8,403 level. This positive momentum was strongly supported by impressive surges in shares of companies affiliated with businessman Haji Isam, including PT Jhonlin Agro Raya Tbk (JARR), PT Dana Brata Luhur Tbk (TEBE), and PT Pradiksi Gunatama Tbk (PGUN), all rising over 11%. Overall market sentiment was optimistic, with 357 stocks strengthening compared to 270 experiencing corrections.
Nine out of eleven IDX sectors closed in the green zone, recording robust trading activity across the market. However, the gold mining industry presented a subdued picture, with key players like PT Bumi Resources Minerals Tbk (BRMS) and PT Merdeka Copper Gold Tbk (MDKA) experiencing declines. PT Bumi Resources Tbk (BUMI) led the market in trading value, reaching IDR 2.40 trillion by midday.
