he Indonesia Stock Exchange (IDX) Composite (IHSG) concluded Tuesday’s trading at 7,247.41, gaining 48.79 points, or 0.68 percent.
The IHSG opened at 7,230.15, 0.44 percent higher than at closing the day before. Earlier this morning, analysts at Ajaib Sekuritas predicted that the IHSG might close in the green.
“The IDX Composite today is expected to [showcase] mixed movement and post limited gain within the range of 7,160 to 7,230,” Ajaib Sekuritas financial expert Ratih Mustikoningsih said, as quoted by the Antara news agency.
Based on today’s trading data, the stock market circulated 16.4 billion shares worth Rp 9.02 trillion (US$572.29 million). By the closing bell, 284 stocks strengthened, 232 declined and the remaining 239 remained flat.
Eight out of 11 sectoral indices on the bourse gained for the day. The infrastructure sector posted the largest gain, jumping by 1.01 percent. The sector was supported by gains in some of its stocks, including PT Jasa Marga (JSMR) which rose by 1.23 percent.
The technology sector was one of the worst-performing sectors of the day, plummeting by 1.13 percent to hit 4,023.21 by the end of the second trading session.
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The LQ45, an index that tracks the top 45 stocks based on market capitalization, added 0.53 percent to close at 980.62. PT XL Axiata (XCEL) wss the top gainer within the LQ45 index, jumping by 4.41 percent to 2,370.
On the other hand, PT Vale Indonesia (INCO) recorded the biggest loss within the index on Tuesday, falling by 4.18 percent to 3,670.
Meanwhile, in the broader Asian stock market, major indexes showed mixed performances on Tuesday. China’s blue-chip CSI300 index gained 3.48 percent to close at 3,311.69. In Hong Kong, the Hang Seng index jumped by 4.04 percent to 16,136.87.
On the other hand, Japan’s benchmark index, the Nikkei 225, slid 0.53 percent to 36,160.66. Similarly, South Korea’s Kospi index also recorded a 0.58 percent decline and closed at 2,576.20.
