The domestic stock market managed to maintain its positive momentum through Wednesday’s closing (April 29). Despite experiencing significant volatility throughout the trading session, the Composite Stock Price Index (IHSG) successfully finished in the green, according to data from Stockbit.
IHSG Performance
The IHSG concluded the day with a gain of 28.83 points, or 0.41 percent, settling at 7,101.226. Mirroring this positive trend, the LQ45 index also appreciated by 0.27 percent, closing at 684.142. The total transaction value for the day reached Rp 16.67 trillion, supported by a trading volume of 42.32 billion shares across 2.44 million transactions.
Top Gainers and Losers
Market sentiment remained mixed, with several stocks recording notable swings. Leading the top gainers were INOV (Inocycle Technology Group) which climbed 34.68 percent, followed by TOOL (Rohartindo Nusantara Luas) at 34.29 percent, KONI (Perdana Bangun Pusaka) at 24.89 percent, BAPA (Bekasi Asri Pemula) at 19.60 percent, and ICON (Island Concepts Indonesia) at 19.05 percent.
Conversely, the top losers list was led by DEFI (Danasupra Erapacific) which declined by 14.87 percent. Other notable decliners included LMPI (Langgeng Makmur Industri) down 14.85 percent, KJEN (Krida Jaringan Nusantara) down 14.63 percent, PPRE (PP Presisi) down 11.32 percent, and LCKM (LCK Global Kedaton) down 10.71 percent.
Market Activity: Value and Volume
In terms of trading activity, the top value leaders were dominated by banking giants and key industrial players: BBCA (Bank Central Asia) led with Rp 1.04 trillion, followed by BMRI (Bank Mandiri) at Rp 892.77 billion, CUAN (Petrindo Jaya Kreasi) at Rp 576.25 billion, BBRI (Bank Rakyat Indonesia) at Rp 554.08 billion, and PTRO (Petrosea) at Rp 442.61 billion.
Meanwhile, the top volume was driven by GOTO (GoTo Gojek Tokopedia) with 76.76 million shares traded, followed by ESIP (Sinergi Inti Plastindo) at 19.08 million, BUMI (Bumi Resources) at 16.94 million, KOTA (DMS Propertindo) at 14.52 million, and PPRE (PP Presisi) at 14.23 million shares.
Currency and Regional Market Context
Outside of the stock market, the Indonesian Rupiah faced downward pressure, closing at Rp 17,285 per US dollar. This represents a depreciation of 45 points, or 0.261 percent, compared to the morning opening rate of Rp 17,240.
Across the region, Asian stock markets showed mixed results at the close of trading. Based on data from Stockbit and Yahoo Finance, the regional indices performed as follows:
- Japan’s Nikkei 225 index fell 1.02 percent to 59,917.46
- Hong Kong’s Hang Seng index rose 1.67 percent to 26,111.84
- China’s SSE Composite index increased 0.71 percent to 4,107.51
- Singapore’s Straits Times index declined 0.46 percent to 4,865.18
Summary
The Composite Stock Price Index (IHSG) closed positively on Wednesday, rising 0.41 percent to 7,101.226 despite significant market volatility. Trading activity reached a total value of Rp 16.67 trillion, with banking giants like BBCA and BMRI leading in transaction value, while GOTO recorded the highest trading volume.
Conversely, the Indonesian Rupiah depreciated by 0.26 percent against the US dollar, finishing at Rp 17,285. Regional Asian markets displayed mixed results, with Hong Kong’s Hang Seng and China’s SSE Composite recording gains, while Japan’s Nikkei 225 and Singapore’s Straits Times experienced declines.