The Jakarta Composite Index (IHSG) concluded trading today, Friday, November 21st, with a marginal dip of 0.07%, shedding 5.56 points to close at 8,414. This slight downturn was significantly influenced by a broad weakness observed across telecommunication stocks.
Key players in the telecommunications sector experienced notable declines. Shares of PT Telkom Indonesia Tbk (TLKM) fell by 3.85%, or 140 points, settling at IDR 3,500. Similarly, PT XLSMART Telecom Sejahtera Tbk (EXCL) saw a correction of 1.09%, or 30 points, closing at IDR 2,730. Meanwhile, PT Indosat Tbk (ISAT) plunged by 3.74%, a loss of 80 points, to reach IDR 2,060.
Data from the Indonesia Stock Exchange (IDX) revealed robust trading activity throughout the day, with transaction volumes reaching 34.37 billion shares across 1.93 million frequencies. The market capitalization for the day stood impressively at IDR 15,421 trillion, while the total transaction value as of midday amounted to IDR 16.36 trillion. Market breadth indicated a mixed sentiment leaning negative, as 274 stocks advanced, 352 stocks declined, and 187 stocks remained unchanged.
Echoing the overall index performance, five out of the eleven sectors listed on the IDX finished the day in the red. The financial sector, a critical component of the market, largely experienced a downturn. PT Bank Central Asia Tbk (BBCA) shares decreased by 0.30% (25 points) to IDR 8,400. PT Bank Rakyat Indonesia Tbk (BBRI) corrected by 0.75% (30 points) to IDR 3,960. Additionally, PT Bank Negara Indonesia Tbk (BBNI) saw its shares fall by 1.57% (70 points), closing at IDR 4,390.
In stark contrast to the broader market’s struggles, the technology sector demonstrated remarkable resilience, recording significant gains. PT GoTo Gojek Tokopedia Tbk (GOTO) shares surged by 6.67%, adding 4 points to reach IDR 64. PT Elang Mahkota Teknologi Tbk (EMTK) soared by 8.62%, gaining 100 points to close at IDR 1,260. Further showcasing the sector’s strength, PT Folago Global Nusantara Tbk (IRSX) leaped by an impressive 9.56% (26 points), ending the trading session at IDR 298.
When analyzing trading activity by value, PT Bank Central Asia Tbk (BBCA) emerged as the most actively transacted stock, recording a substantial IDR 868.80 billion. Following closely were PT Bumi Resources Tbk (BUMI) with IDR 837.24 billion, PT Bank Mandiri Tbk (BMRI) at IDR 702.34 billion, PT Bumi Resources Minerals Tbk (BRMS) with IDR 598.37 billion, and PT Barito Renewables Energy Tbk (BREN) contributing IDR 522.56 billion.
Here are today’s top gainers:
- PT Folago Global Nusantara Tbk (IRSX) rose 9.56% to IDR 298
- PT Elang Mahkota Teknologi Tbk (EMTK) increased 8.62% to IDR 1,260
- PT Sumber Energi Andalan Tbk (ITMA) gained 8.55% to IDR 1,460
And today’s top losers:
- PT Cisarua Mountain Dairy Tbk (CMRY) fell 5.22% to IDR 5,900
- PT Remala Abadi Tbk (DATA) dropped 4.67% to IDR 4,700
- PT Pakuan Tbk (UANG) declined 4.63% to IDR 5,150
Summary
The Jakarta Composite Index (IHSG) closed with a marginal dip of 0.07%, or 5.56 points, to 8,414 on Friday, November 21st. This slight downturn was largely influenced by a broad weakness observed across telecommunication stocks. Key players like PT Telkom Indonesia (TLKM), PT XLSMART Telecom Sejahtera (EXCL), and PT Indosat (ISAT) all experienced significant declines.
Despite the overall market softness and downturns in the financial sector, trading activity on the Indonesia Stock Exchange (IDX) remained robust with high transaction volumes. In contrast, the technology sector demonstrated remarkable resilience, with stocks such as PT GoTo Gojek Tokopedia (GOTO) and PT Elang Mahkota Teknologi (EMTK) recording significant gains. Market breadth indicated a mixed sentiment, leaning negative, as more stocks declined than advanced.
