The Jakarta Composite Index (IHSG) closed the first trading session on Friday (3/10) with a notable gain, rising 0.26% or 21.02 points to reach 8,092. This upward movement was significantly bolstered by a remarkable surge in the share prices of companies affiliated with Happy Hapsoro, the husband of Indonesian House of Representatives Chairwoman Puan Maharani.
Among the standout performers, PT Bukit Uluwatu Villa Tbk (BUVA) saw its shares leap by 25%, adding 250 points to settle at 750. Similarly, PT Cakra Buana Resources Energi Tbk (CBRE) experienced a substantial climb of 24.84%, or 200 points, reaching 1,005, while PT Pakuan Tbk (UANG) surged by 24.74%, an increase of 1,175 points, to close at 5,925.
The positive trend continued for other affiliated entities, with PT Rukun Raharja Tbk (RAJA) posting a gain of 23.62%, or 770 points, bringing its share price to 4,030. PT Sanurhasta Mitra Tbk (MINA) also witnessed a strong rally, accelerating by 22.54% or 39 points, to end the session at 212. These performances collectively highlighted a robust day for stocks connected to Happy Hapsoro.
According to data from the Indonesia Stock Exchange (BEI), market activity during the first session was vibrant, with a total trading volume reaching 25.81 billion shares across 1.57 million transactions. The market capitalization stood at an impressive Rp 15,054 trillion, with the total transaction value for the afternoon session amounting to Rp 13.55 trillion.
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Reflecting the positive sentiment, 244 stocks strengthened, while 407 corrected, and 145 remained unchanged during the midday break. This mixed but generally bullish market breadth saw seven out of the eleven sectors on the BEI closing in the green zone. The industrial sector led the charge, recording the highest sectoral increase of 2.54%.
Within the industrial sector, several companies contributed significantly to the upward momentum. PT Multi Makmur Lemindo Tbk (PIPA) soared by 24.38% or 98 points to 500, and PT Surya Toto Indonesia Tbk (TOTO) increased by 6.11% or 16 points to 278. Large-cap industrial players also performed well, with PT Astra International Tbk (ASII) rising 2.19% or 125 points to 5,825, and PT United Tractors Tbk (UNTR) climbing 1.82% or 475 points to 26,625.
In terms of trading value, PT Rukun Raharja Tbk (RAJA) emerged as the most actively traded stock by midday, accumulating Rp 1.13 trillion in transactions. It was closely followed by PT Solusi Sinergi Digital Tbk (WIFI) with Rp 829.29 billion, PT Sanurhasta Mitra Tbk (MINA) at Rp 545.58 billion, PT Timah Tbk (TINS) traded for Rp 526.61 billion, and PT Bank Rakyat Indonesia Tbk (BBRI) with Rp 461.21 billion.
The list of top gainers for the afternoon session included:
- PT Samator Indo Gas Tbk (AGII) rose 25% to 1,250
- PT Bukit Uluwatu Villa Tbk (BUVA) gained 25% to 750
- PT Arthavest Tbk (ARTA) increased 24.81% to 3,370
- PT Pakuan Tbk (UANG) climbed 24.74% to 5,925
- PT Rukun Raharja Tbk (RAJA) surged 23.62% to 4,030
Providing a technical perspective, an analyst from Phintraco Sekuritas noted that the IHSG successfully tested its dynamic intraday resistance at the MA5 level of 8,079, closing above this key threshold. Furthermore, modern indicators such as the stochastic RSI had touched the oversold area, suggesting potential for continued momentum. “Therefore, we anticipate the IHSG will test the psychological resistance level of 8,100 in today’s second session,” the analyst stated in a research report published on Friday (3/10).
Summary
The Jakarta Composite Index (IHSG) closed its first trading session on Friday (3/10) with a gain of 0.26%, reaching 8,092 points. This rise was notably supported by a significant surge in shares of companies affiliated with Happy Hapsoro. Among these, PT Bukit Uluwatu Villa Tbk (BUVA) and PT Cakra Buana Resources Energi Tbk (CBRE) both saw increases exceeding 24%. PT Pakuan Tbk (UANG) and PT Rukun Raharja Tbk (RAJA) also posted substantial gains.
Overall market activity was vibrant, with 244 stocks strengthening and seven out of eleven sectors closing in the green, led by the industrial sector with a 2.54% increase. PT Rukun Raharja Tbk (RAJA) emerged as the most actively traded stock by midday in terms of value. Technically, the IHSG successfully tested its intraday resistance, with analysts anticipating a further test of the 8,100 psychological resistance level.