Gotrade News - Indonesia's benchmark Jakarta Composite Index closed at 7,072.39 on Tuesday (28/04), down 34.13 points or 0.48%. The decline came alongside broad weakness across Asian markets and a sell-off in most domestic sectors.
--- - Asian markets dropped together, with Japan's Nikkei -1.02% and Hong Kong's Hang Seng -0.95% leading regional weakness. - Large block trades were recorded in BSDE, BMRI, BBCA, and TLKM totaling roughly Rp2.5 trillion in value. - Bank Rakyat Indonesia (BBRI) bucked the trend, climbing 0.66% on attractive valuation and credit growth. ---
The blue-chip LQ45 index also fell 0.64% to 682.32 during Tuesday's session. Total transaction value reached Rp17.01 trillion on volume of 31.49 billion shares.
Eight of eleven sectors closed in negative territory on the trading day. The non-cyclical consumer goods sector dropped 1.49%, weighing most heavily on the index.
Advancers totaled 339 stocks, while 350 declined and 129 closed unchanged. Market frequency reached 2.14 million transactions throughout the session.
Several blue-chip stocks recorded large block trades in Tuesday's market. BSDE saw a crossing worth Rp1.51 trillion at a price of Rp880 per share.
BMRI logged crossings of Rp283.31 billion, while BBCA crossings totaled Rp272.43 billion. [Telkom Indonesia ADR (TLK)](https://www.heygotrade.com/en/us-stock/tlk/) parent TLKM also saw crossings worth Rp102.78 billion at Rp2,792.
Bank Rakyat Indonesia (BBRI) climbed 0.66% to Rp3,070 per share, defying the broader index decline. OCBC Sekuritas Indonesia maintained its BUY recommendation on the stock with a target price of Rp5,000.
OCBC analysts cited BBRI's relatively attractive valuation and continued credit growth as supportive factors. Improving asset quality and a solid capital base also reinforced the bullish view on the bank.
Asian markets broadly weakened on the same trading day, dragging on Indonesian sentiment. Japan's Nikkei 225 fell 1.02% while Hong Kong's Hang Seng declined 0.95% to lead regional losses.
On a weekly basis, the IHSG has dropped 6.4% across seven straight trading days. Year-to-date, the index is down 18.21%, reflecting sustained pressure on Indonesian equities.
Market participants will continue to track Federal Reserve interest rate signals and domestic economic data releases. Regional sentiment and foreign capital flows are likely to remain key drivers for the IHSG ahead.
