The Composite Stock Price Index (IHSG) kicked off Tuesday’s trading session (May 5) on a positive note, climbing 0.65% or 45.62 points to reach 7,102. Despite this intraday gain, the index remains under pressure year-to-date, recording a correction of 17.86% since the start of the year.
Market sentiment was buoyed by significant rallies in several major stocks. PT Unilever Indonesia Tbk (UNVR) surged 8.84% to 1,785, PT Chandra Asri Pacific Tbk (TPIA) rose 7.41% to 6,525, and PT Indokripto Koin Semesta Tbk (COIN) followed closely with a 7.17% gain to 1,270.
According to Indonesia Stock Exchange (IDX) data, market activity remained robust during the first session, with a trading volume of 22.57 billion shares processed through 1.49 million transactions. The total market capitalization reached 12,771 trillion rupiah, backed by a transaction value of 10.46 trillion rupiah. Market breadth was largely positive, with 377 stocks closing in the green, 240 stocks declining, and 194 remaining unchanged.
Broad-based optimism dominated the exchange, with ten out of eleven sectors finishing in positive territory. The transportation sector led the rally with a 2.28% gain. Key performers in this sector included PT Garuda Indonesia Tbk (GIAA), which rose 1.49% to 68; PT Samudera Indonesia Tbk (SMDR), which climbed 1.18% to 342; and PT Armada Berjaya Trans Tbk (JAYA), which added 2.88% to reach 143.
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In terms of trading volume, PT Barito Pacific Tbk (BRPT) dominated the morning session as the most actively traded stock, recording a transaction value of 1.07 trillion rupiah. It was followed by PT Petrosea Tbk (PTRO) with 437.05 billion rupiah and PT Bank Mandiri Tbk (BMRI) with 341.91 billion rupiah.
Regional markets mirrored the positive trend in Jakarta, with Asian indices trending upward. The Nikkei rose 0.38%, the Hang Seng gained 0.79%, and the Shanghai Composite advanced by 1.27%.
The top gainers during the session were:
- PT Pyridam Farma Tbk (PYFA) up 25% to 380
- PT Maharaksa Biru Energi Tbk (OASA) up 11.68% to 440
- PT J Resources Asia Pacific Tbk (PSAB) up 10.78% to 565
Meanwhile, the top losers for the session included:
- PT Ultra Jaya Milk Industry Tbk (ULTJ) down 5.88% to 1,600
- PT Surya Semesta Internusa Tbk (SSIA) down 3.21% to 1,810
- PT Petrindo Jaya Kreasi Tbk (CUAN) down 3.08% to 1,260
Summary
The Composite Stock Price Index (IHSG) opened Tuesday’s trading session positively, climbing 0.65% to 7,102 points. This gain was largely driven by significant rallies in major stocks such as PT Unilever Indonesia Tbk (UNVR), PT Chandra Asri Pacific Tbk (TPIA), and PT Indokripto Koin Semesta Tbk (COIN). Despite the intraday increase, the index remains under pressure year-to-date with a 17.86% correction.
Market activity was robust, with 22.57 billion shares traded and a positive market breadth showing 377 stocks gaining. Broad optimism saw ten out of eleven sectors finish in positive territory, led by the transportation sector. Regional Asian markets also mirrored this positive trend, with indices like the Nikkei, Hang Seng, and Shanghai Composite all trending upward.
