The Jakarta Composite Index (IHSG) concluded its midday trading session in positive territory on Friday, April 17th. The benchmark index advanced by 15.505 points, or 0.20 percent, to settle at 7,636.887 at the close of the first session. Simultaneously, the LQ45 Index also posted gains, climbing 1.392 points (0.18 percent) to reach 758.713.
Market breadth indicated a mixed sentiment, yet with more positive momentum, as 331 stocks recorded gains, 291 experienced declines, and 194 remained unchanged. Trading activity was robust, with a total of 1,388,165 transactions executed. This translated into a substantial trading volume of 23.885 billion shares, accumulating a total value of Rp 8.206 trillion.
Among the day’s top performers, several stocks stood out with significant price surges. Danasupra Erapacific led the charge, soaring 33 points or 27.27 percent to close at 154. Following closely, Ketrosden Triasmitra (KETR) jumped by 109 points (24.44 percent) to 555, while Personel Alih Daya (PADA) advanced 31 points (20.67 percent) to 181. Additionally, Martina Berto (MBTO) saw a rise of 24 points (20.17 percent) reaching 143, and Tanah Laut (INDX) increased by 19 points (17.43 percent) to settle at 128.
However, the positive momentum in the equity market was not mirrored in the currency exchange. According to Bloomberg data, the rupiah showed signs of weakening during midday trading, depreciating by 49.50 points or 0.29 percent to trade at Rp 17,188 against the US dollar.
The broader Asian stock markets, however, largely presented a bearish picture during the same trading period. Japan’s Nikkei 225 recorded a significant drop of 590.000 points (0.99 percent), closing at 58,928.300. In Hong Kong, the Hang Seng Index also fell considerably by 347.560 points (1.32 percent) to 26,046.699. China’s SSE Composite Index declined 12.100 points (0.30 percent) to 4,043.449, while Singapore’s Straits Times Index retreated 11.530 points (0.23 percent) to finish at 4,996.299.