The Jakarta Composite Index (IHSG) experienced a notable decline at the close of the first trading session on Wednesday, October 8. The index fell by 41.58 points, marking a 0.51 percent drop, to settle at the 8,127.70 level.
Market breadth reflected this downturn, with 401 stocks weakening against 260 that strengthened, while 137 shares remained stagnant. Trading activity was substantial, registering a volume of 27.14 billion shares. This translated into a transaction value of Rp 18.59 trillion across 2,064,818 transactions. Consequently, the total market capitalization stood at Rp 15,309.15 trillion.
Echoing the broader market sentiment, the LQ45 Index also moved into the red territory. It shed 3.47 points, or 0.44 percent, closing at 785.58.
The bearish trend extended across much of the Asian stock market during midday trading. Japan’s Nikkei 225 saw a decline of 152.70 points, or 0.32 percent, settling at 47,798.20. Similarly, the Hang Seng Index (HSI) in Hong Kong weakened by 226.73 points, or 0.84 percent, to 26,731.04. Singapore’s Straits Times Index (STI) also experienced a dip, falling 21.26 points or 0.48 percent to 4,451.00. In contrast, mainland China’s Shanghai Composite Index (SSEC) remained largely unchanged, holding steady at 3,882.78.
Summary
The Jakarta Composite Index (IHSG) closed its first trading session on Wednesday, October 8, with a 0.51 percent decline, falling 41.58 points to 8,127.70. Market breadth showed 401 stocks weakening against 260 strengthening, alongside substantial trading activity of 27.14 billion shares valued at Rp 18.59 trillion. The LQ45 Index also moved into negative territory, shedding 0.44 percent to 785.58.
This bearish trend mirrored the broader Asian stock market during midday trading, with Japan’s Nikkei 225, Hong Kong’s Hang Seng Index, and Singapore’s Straits Times Index all experiencing declines. In contrast, mainland China’s Shanghai Composite Index remained largely unchanged.