The Jakarta Composite Index (JCI) managed to edge higher during Wednesday’s morning trading session, climbing 0.12% to reach the 7,080 mark. Market breadth remained competitive, with 362 stocks posting gains, 303 experiencing pullbacks, and 147 remaining unchanged.
Data from the Indonesia Stock Exchange (IDX) reveals a robust morning session, with total transaction value hitting Rp 8.40 trillion. This activity involved the exchange of 26.88 billion shares across 1.47 million transactions, bringing the total market capitalization to Rp 12,620 trillion by midday.
Despite the overall index gain, several prominent stocks included in the MSCI Indonesia Index faced selling pressure. Notable decliners included Bank Central Asia (BBCA), which slipped 0.42% to Rp 5,975, and Petrindo Jaya Kreasi (CUAN), which dropped 1.17% to Rp 1,270. Other laggards included Bumi Resources Minerals (BRMS) down 1.23% to Rp 805, and Dian Swastatika Sentosa (DSSA) sliding 2.55% to Rp 1,720. The energy and petrochemical sectors also saw significant downward movement, as Chandra Asri Pacific (TPIA) fell 3.60% to Rp 5,350, while Barito Pacific (BRPT) saw a sharper decline of 4.23% to settle at Rp 1,925.
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On a sectoral level, six out of the eleven sectors on the IDX finished the morning in the green. The industrial sector led the charge with an impressive 2.67% gain, bolstered by positive performance from companies like Astra International (ASII), which rose 0.83% to Rp 6,075.
Across the broader Asian markets, performance remained mixed. The Hang Seng Index outperformed with a 1.34% gain, followed by the Shanghai Composite, which grew by 0.51%. Conversely, the Nikkei remained stagnant, while the Straits Times Index struggled, falling 0.48%.
Market Top Gainers:
- Bank Danamon Indonesia (BDMN): up 21.89% to Rp 4,510
- Bank Jago (ARTO): up 7.95% to Rp 1,425
- Maharaksa Biru Energi (OASA): up 4.57% to Rp 366
Market Top Losers:
- PP Presisi (PPRE): down 4.40% to Rp 152
- Barito Pacific (BRPT): down 4.23% to Rp 1,925
- Chandra Asri Pacific (TPIA): down 3.60% to Rp 5,350
Summary
The Jakarta Composite Index (JCI) edged higher by 0.12% to reach the 7,080 level during Wednesday’s morning trading session. Total market transactions reached Rp 8.40 trillion, involving 26.88 billion shares across 1.47 million transactions. Despite the general increase, several large-cap stocks like Bank Central Asia and Barito Pacific experienced price declines.
The industrial sector led the market gains with a 2.67% increase, significantly supported by Astra International’s positive performance. Regional Asian markets showed mixed results, with the Hang Seng and Shanghai Composite indexes rising while the Straits Times Index struggled. Bank Danamon Indonesia and Bank Jago emerged as the top gainers during the session.
