The Jakarta Composite Index (IHSG) closed in negative territory this afternoon, Monday (September 1), marking a challenging session for the Indonesian stock market. The benchmark index saw a significant decline of 94.427 points, or 1.21 percent, settling at 7,736.066.
Further reflecting the market’s weakness, the LQ45 Index also ended lower, shedding 8.414 points (1.06 percent) to reach 788.700. Market breadth indicated widespread losses, with 539 stocks falling, 171 advancing, and 99 remaining unchanged throughout the trading day.
Trading activity was robust, with a total of 2,303,327 stock transactions recorded. This high frequency facilitated the exchange of 38.136 billion shares, amounting to a substantial trading value of IDR 23.349 trillion, highlighting active participation despite the downward trend.
Among the day’s top stock losers were several key players. Wulandari Bangun Laksana (BSBK) led the decline, dropping 10 points or 12.05 percent to 73. Xolare RCR Energy (SOLA) followed, down 14 points or 8.59 percent to 149. Maja Agung Latexindo (SURI) saw a decrease of 10 points or 7.69 percent to 120. Atlantis Subsea Indonesia (ATLA) fell 5 points or 7.14 percent to 65, while WIR ASIA (WIRG) concluded the list with an 11-point drop, or 6.01 percent, to 172.
In contrast to the stock market’s performance, the rupiah exchange rate demonstrated resilience. According to Bloomberg data, the Indonesian rupiah strengthened by 81.00 points, or 0.49 percent, against the US dollar this afternoon, trading at IDR 16,418.
Looking at regional markets, the broader Asian stock markets presented a mixed picture by the close of trading:
- Japan’s Nikkei 225 Index experienced a downturn, falling 529.699 points or 1.24 percent to 42,188.800.
- Conversely, Hong Kong’s Hang Seng Index posted significant gains, rising 539.800 points or 2.15 percent to 25,617.419.
- The SSE Composite Index in China also ended positively, up 17.600 points or 0.46 percent to 3,875.530.
- Singapore’s Straits Times Index saw a modest increase of 10.750 points or 0.25 percent, closing at 4,280.450.
Summary
The Jakarta Composite Index (IHSG) closed down 1.21% (94.427 points) at 7,736.066 on Monday, September 1, marking a challenging session for the Indonesian stock market. The LQ45 Index also experienced a decline of 1.06%, while market breadth indicated widespread losses with significantly more falling stocks than advancing ones. Despite this downturn, trading activity remained robust, facilitating substantial share exchanges and transaction values.
In contrast to the stock market’s performance, the Indonesian rupiah demonstrated resilience, strengthening by 0.49% against the US dollar to IDR 16,418. Meanwhile, broader Asian stock markets showed a mixed picture by the close of trading. Japan’s Nikkei 225 Index fell, while Hong Kong’s Hang Seng Index, China’s SSE Composite Index, and Singapore’s Straits Times Index all posted gains.