The Jakarta Composite Index (IHSG) concluded its first trading session on Tuesday, December 8, with a notably positive performance, settling at 8,710.695. The index recorded a significant gain of 77.933 points, representing a 0.90 percent increase, signaling strong investor confidence in the Indonesian stock market during the morning.
Market breadth throughout the session painted a largely optimistic picture, with 385 stocks strengthening, while 265 shares experienced a decline, and 153 remained stagnant. Trading activity was robust, as transaction volume soared to an impressive 57.006 billion shares across 2,904,983 trades. This vigorous market engagement accumulated a substantial transaction value of Rp 27.056 trillion, further underscoring the bullish sentiment driving the IHSG’s upward trajectory.
Several key companies played a crucial role in bolstering the IHSG’s performance this afternoon. PT Kioson Komersial Indonesia Tbk (KIOS) notably surged by 34 points, an impressive 34.69 percent, to close at 132. Similarly, PT Repower Asia Indonesia Tbk (REAL) posted significant gains, climbing 18 points (25.71 percent) to 88, while PT Fast Food Indonesia Tbk (FAST) advanced by 123 points (25.00 percent), reaching a closing price of 615.
Further contributing to the day’s strong showing were PT Dana Brata Luhur Tbk (TEBE), which saw its share price escalate by 500 points (25.00 percent) to 2,500. Additionally, PT Jhonlin Agro Raya Tbk (JARR) delivered a substantial rise, adding 730 points (24.83 percent) to conclude the session at 3,670. These top-performing stocks were instrumental in fueling the overall positive momentum observed in the Jakarta Composite Index.
Here’s the condition of Asian stock markets this afternoon:
The broader Asian markets presented a mixed performance. Japan’s Nikkei 225 index strengthened, adding 90.000 points (0.18 percent) to reach 50,581.898. China’s Shanghai Composite (SSEC) also edged higher, rising 21.270 points (0.54 percent) to 3,924.080, indicating a positive sentiment in these regional bourses.
Conversely, some key markets experienced a downward pull. Hong Kong’s Hang Seng Index (HSI) weakened, dropping 319.720 points (1.23 percent) to settle at 25,765.359. Similarly, Singapore’s Straits Times Index (STI) saw a decline, falling 25.689 points (0.57 percent) to 4,505.669. This varied regional performance highlights the diverse factors influencing investor sentiment across Asia on Tuesday.
Summary
The Jakarta Composite Index (IHSG) concluded its first trading session on Tuesday at 8,710.695, posting a significant gain of 0.90 percent. This upward trend was supported by optimistic market breadth, with 385 stocks strengthening amidst robust trading activity. Key companies like KIOS, REAL, and FAST notably contributed to this positive momentum, driving the IHSG’s strong performance.
Meanwhile, other Asian stock markets displayed a varied performance. Japan’s Nikkei 225 and China’s Shanghai Composite indices both recorded increases. Conversely, Hong Kong’s Hang Seng Index and Singapore’s Straits Times Index experienced declines, highlighting diverse investor sentiment across the region on Tuesday.