The Jakarta Composite Index (IHSG) closed the first trading session today, Friday, May 29, with a strong gain, climbing 1.43% to reach 6,217. Market activity saw 319 stocks strengthening, while 333 stocks experienced corrections, and 161 stocks remained unchanged, reflecting a dynamic trading environment.
Data from the Indonesia Stock Exchange (BEI) highlighted significant trading volumes, with the total transaction value reaching an impressive Rp 16.06 trillion during the midday session. This was achieved through the trading of 22 billion shares across 1.32 million transactions. The market capitalization for the IHSG at the close of today’s first session stood at Rp 10,855 trillion, underscoring the substantial value moved in the Indonesian equity market.
During the morning’s intense trading, notable crossing transactions were observed in the shares of PT Super Bank Indonesia Tbk (SUPA) and PT Sinar Mas Multiartha Tbk (SMMA). SUPA recorded a crossing transaction at Rp 326, amounting to a substantial Rp 812.60 billion. Following suit, SMMA also saw a significant crossing transaction, priced at Rp 9,525, totaling Rp 100.63 billion, indicating considerable institutional interest or block trades in these specific counters.
Also Read:
- Diverse Reactions from Palm Oil Issuers SMAR to DSNG Regarding the One-Door CPO Export Policy
- Prajogo’s Shares Defy MSCI Rebalancing Effects, BREN-CUAN Hit Auto Reject Up Despite Being Dropped
- Prajogo Group Shares Rebound, BREN and CUAN Hit Auto Reject Up This Morning, TPIA-PTRO Jump
Across the eleven sectors listed on the BEI, seven concluded the session in positive territory, signaling broad-based market optimism. The raw materials sector led the charge with an impressive surge of 4.69%, making it the top-performing sector. Within this robust sector, PT Merdeka Copper Gold Tbk (MDKA) stood out, gaining 0.37% to close at Rp 2,730, contributing to the sector’s strong performance.
The positive sentiment was largely mirrored across broader Asian stock markets, with most indices trending upwards. Hong Kong’s Hang Seng Index advanced by 1.10%, Japan’s Nikkei 225 surged by 2.61%, and the Straits Times Index in Singapore strengthened by 0.92%. In contrast, the Shanghai Composite experienced a slight dip, closing down 0.41%.
Top Gainers:
- PT Barito Renewables Energy Tbk (BREN) rose 25% to Rp 3,300
- PT Petrindo Jaya Kreasi Tbk (CUAN) climbed 24.75% to Rp 630
- PT Barito Pacific Tbk (BRPT) jumped 23.15% to Rp 1,915
Top Losers:
- PT Unilever Indonesia Tbk (UNVR) fell 5.40% to Rp 1,665
- PT Adhi Karya Tbk (ADHI) declined 5.03% to Rp 170
- PT Bank Central Asia Tbk (BBCA) dropped 2.51% to Rp 5,825
Summary
The Jakarta Composite Index (IHSG) concluded its first trading session with a robust 1.43% gain, settling at 6,217, driven by significant market activity. The overall market recorded an impressive total transaction value of Rp 16.06 trillion.
This surge was largely propelled by massive crossing transactions in PT Super Bank Indonesia Tbk (SUPA) and PT Sinar Mas Multiartha Tbk (SMMA), totaling over Rp 913 billion. Seven out of eleven sectors closed positively, with the raw materials sector leading with a 4.69% increase, reflecting a generally positive sentiment across most major Asian stock markets.
