The Jakarta Composite Index (IHSG) concluded its midday trading session on Thursday, March 26, in negative territory. The benchmark index registered a decline of 88.037 points, or 1.21 percent, to close at 7,214.084.
Mirroring this downward trend, the LQ45 index also closed lower, shedding 88.040 points (1.21 percent) to settle at 7,214.080. Market breadth for the day indicated a predominantly bearish sentiment, with 349 stocks experiencing declines, while 296 advanced and 173 remained stagnant.
Trading activity was robust, with a total of 1,044,369 transactions recorded. These transactions involved a substantial volume of 19.585 billion shares, accumulating a significant trading value of Rp 25.951 trillion.
Adding a contrasting note to the day’s financial movements, the Indonesian Rupiah demonstrated strength against the US Dollar. According to data from Bloomberg, the Rupiah appreciated by 13.50 points, or 0.08 percent, trading at Rp 16,897.50 per US Dollar this afternoon.
Here is the performance of Asian stock markets this afternoon:
1. Japan’s Nikkei 225 fell by 275.101 points (0.51 percent) to 53,474
2. Hong Kong’s Hang Seng index saw a notable drop of 340.689 points (1.34 percent), closing at 24,995
3. The SSE Composite index in China decreased by 25.940 points (0.66 percent) to 3,905
4. In a divergent move, Singapore’s Straits Times index registered an increase of 16.060 points (0.33 percent), ending at 4,920.