IDX Composite Index Achieves New Heights on Friday Trading
IDX Composite Index Reaches New All-Time High
The Indonesian stock market closed higher on Friday, marking a notable uptick in the IDX Composite Index. This surge can be attributed primarily to impressive gains in key sectors including Financials, Agriculture, and Basic Industry.
Performance Highlights of Key Stocks
During the trading session, the IDX Composite Index rose by 0.62%, achieving an all-time high. Among the standout performers was Chitose Internasional Tbk, which saw a remarkable increase of 34.51%, lifting its share price to 191.00. Similarly, Pelangi Indah Canindo Tbk experienced a gain of 34.38%, bringing its stock to 129.00. Another notable highlight was Maming Enam Sembilan Mineral Tbk, which climbed by 24.79%, closing at 302.00. These stocks significantly contributed to the overall positive sentiment in the market.
Stocks Facing Challenges
Not all stocks fared well, however. Express Transindo Utama Tbk dropped significantly, falling by 20% to close at 4.00, while Asuransi Jiwa Sinarmas Msig PT faced a decline of 16.60%, ending at 5,025.00. Additionally, Minna Padi Investama Tbk decreased by 10%, with shares falling to 9.00.
Market Breadth Indicators
The trading day exhibited a competitive atmosphere with more stocks advancing than declining. Specifically, 309 stocks gained ground, while 298 experienced losses, and 227 remained unchanged. This indicates a robust market environment, particularly for the stocks reaching new highs.
Commodity Market Overview
In the broader commodities market, crude oil saw modest progress, with prices for October delivery rising by 0.48% to $69.48 per barrel. In tandem, Brent oil for November delivery also climbed, reflecting broader trends in the energy sector, while gold futures increased slightly, indicating a stable demand for safe-haven assets.
Foreign Exchange Movements
The foreign exchange landscape noted a slight increase in USD/IDR, which ticked up by 0.04% to 15,405.15. Conversely, AUD/IDR saw a minor decrease of 0.10% to 10,370.98. The US Dollar Index Futures also dipped by 0.17%, evidencing fluctuations in the global currencies.
Frequently Asked Questions
What led to the rise in the IDX Composite Index?
The rise was mainly fueled by strong performances from the Financials, Agriculture, and Basic Industry sectors.
Which stocks had the best performance on this trading day?
Chitose Internasional Tbk, Pelangi Indah Canindo Tbk, and Maming Enam Sembilan Mineral Tbk were among the top gainers.
Were there any significant losers on the IDX?
Yes, Express Transindo Utama Tbk and Asuransi Jiwa Sinarmas Msig PT were the biggest losers, with notable declines in their share prices.
How did the commodities market perform?
The commodities market experienced slight gains in crude oil and gold prices, indicating a steady demand amidst fluctuations.
What did the foreign exchange market indicate?
USD/IDR saw a slight uptick, while AUD/IDR fell slightly, reflecting broader trends in currency movements.
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