The Jakarta Composite Index (JCI), also known by its Indonesian acronym IHSG, concluded stock trading this afternoon, Thursday (November 27), firmly in the red zone. The benchmark index registered a decline of 56.26 points, or 0.65 percent, settling at 8,545.86, reflecting a challenging session for Indonesian equities.
Mirroring the broader market’s performance, the LQ45 Index, which tracks the 45 most liquid stocks, also experienced a downturn, closing lower by 12.73 points (1.47 percent) at 852.02. Market sentiment was predominantly negative throughout the day, with 382 stocks experiencing declines. In contrast, 283 shares managed to gain ground, while 144 remained stagnant. The overall trading activity was robust, with a total of 2,962,868 transactions recorded. This high frequency generated a substantial trading volume of 51.90 billion shares, amounting to a total value of Rp 27.62 trillion.
Among individual stocks, several stood out as today’s top losers, reflecting sharp corrections in their respective valuations. These included Jaya Agro Wattie (JAWA), which plummeted 33 points (14.73 percent) to 191; Terang Dunia Internusa (UNTD), declining 18 points (14.63 percent) to 105; and Carsurin (CRSN), down 25 points (14.45 percent) to 148. Other notable underperformers were Bank Oke Indonesia (DNAR), dropping 30 points (12.12 percent) to 218; Hetzer Medical Indonesia (MEDS), which fell 11 points (10.78 percent) to 91; and Sinergi Inti Andalan Prima (INET), losing 75 points (10.64 percent) to 630. These significant drops underscore the volatility experienced in certain sectors of the Indonesian stock market.
Despite the domestic stock market’s slump, the Indonesian rupiah displayed a degree of resilience on the currency front. According to Bloomberg data, the rupiah strengthened by 28 points, or 0.17 percent, trading at Rp 16,636 against the US dollar this afternoon. This appreciation offers a contrasting picture to the equity market’s performance.
Globally, the performance of other major Asian stock markets presented a mixed but largely positive outlook this afternoon. Japan’s Nikkei 225 Index posted a significant gain, rising 608 points (1.23 percent) to close at 50,167. Similarly, Hong Kong’s Hang Seng Index edged up 17.48 points (0.07 percent) to 25,945, while China’s SSE Composite Index climbed 11.08 points (0.29 percent) to 3,875. Singapore’s Straits Times Index also registered an increase, gaining 7.77 points (0.17 percent) to reach 4,509. This varied regional performance suggests differing market drivers across the continent.
Summary
The Jakarta Composite Index (JCI) closed down 0.65% to 8,545.86 on Thursday, November 27, with the LQ45 Index also declining. Market sentiment was predominantly negative, as 382 stocks fell against 283 that gained, amidst robust trading activity. Several individual stocks, including Jaya Agro Wattie (JAWA), Terang Dunia Internusa (UNTD), and Carsurin (CRSN), experienced significant plunges exceeding 14%.
In contrast to the domestic equity market’s downturn, the Indonesian rupiah showed resilience, strengthening 0.17% against the US dollar. Concurrently, major Asian stock markets largely performed positively. Japan’s Nikkei 225, Hong Kong’s Hang Seng, and China’s SSE Composite all registered gains.