The Jakarta Composite Index (IHSG) concluded its midday trading session on Wednesday, March 15, firmly in the green, signaling positive momentum for the Indonesian stock market. The benchmark index advanced by 33.617 points, marking a 0.44 percent increase to reach 7,709.568. This upbeat performance was mirrored by the LQ45 index, which also saw a gain of 4.070 points (0.53 percent), closing at 768.385.
This positive close was supported by a bustling trading environment. A significant number of shares, 418, registered gains, overshadowing the 229 shares that saw declines, while 168 shares remained unchanged. The market witnessed robust activity, with a total of 2,011,640 transactions executed. This vigorous trading generated a substantial volume of 33.133 billion shares, amounting to a total transaction value of Rp 13.631 trillion.
Driving much of the day’s upward trend were several standout stocks, making them the top gainers during the midday session. Danasupra Erapacific (DEFI) led the charge, soaring by 23 points or 34.33 percent to a price of 90. Following closely, Bhuwanatala Indah Permai (BIPP) climbed 16 points, an impressive 29.09 percent rise to 71. Other significant performers included Indo Komoditi Korpora (INCF), which gained 15 points (28.30 percent) to 68, Sidomulyo Selaras (SDMU) increasing by 24 points (27.91 percent) to 110, and Pikko Land Development (RODA), up 12 points (21.43 percent) to 68.
While the domestic equities market demonstrated strength, the Indonesian rupiah experienced a slight dip. According to Bloomberg data, the rupiah weakened by 17 points, or 0.10 percent, against the US dollar during midday trading, settling at Rp 17,144.
This mixed performance within Indonesia was observed amidst a generally positive day across major Asian stock markets. Regional indices largely moved into positive territory during their midday sessions. Japan’s Nikkei 225 rose by 482.703 points (0.83 percent) to 58,360.101. Similarly, Hong Kong’s Hang Seng Index gained 197.189 points (0.76 percent) to close at 26,069.509. Mainland China’s SSE Composite also showed an increase, up 14.820 points (0.37 percent) to 4,041.449, while the Straits Times Index in Singapore advanced by 21.300 points (0.43 percent) to 5,028.870.