Gotrade News - Indonesia's benchmark IHSG index closed 0.17% higher at 7,634 on Friday (17/4), bucking the trend across major Asian bourses. The rally was driven by domestic factors, with seven of eleven sectors ending in positive territory.
Key Takeaways:
- IHSG rose 12.62 points to 7,634, supported by 7 out of 11 sectors closing higher
- Property sector led the gains at 1.98%, followed by transportation at 1.59%
- Asian markets fell broadly as US-Iran ceasefire uncertainty weighed on sentiment
Total trading value reached Rp15.97 trillion ($928 million) across 41.05 billion shares. Trading frequency hit 2.33 million transactions, according to Indonesia Stock Exchange data.
Bank Central Asia (BBCA) dominated trading activity with Rp1.01 trillion in value and 156.8 million shares traded. The stock closed at Rp6,425 per share.
Bank Rakyat Indonesia (BBRI) followed with Rp716.9 billion in transactions and 209.1 million shares at Rp3,430. Bank Mandiri (BMRI) recorded Rp581.8 billion, closing at Rp4,620 per share.
Property Stocks Drive the Rally
The property sector posted the strongest gains at 1.98% among all sectors. The LQ45 blue-chip index also climbed 0.2% to 758.86.
Transportation rose 1.59% and infrastructure gained 0.78%, while consumer staples added 0.56%. These domestic-oriented sectors benefited from stable local demand despite global headwinds.
Meanwhile, Asian markets struggled under the weight of uncertain US-Iran ceasefire developments. Japan's Nikkei fell the hardest at 1.75%, while Hong Kong's Hang Seng dropped 0.89%.
Shanghai Composite dipped 0.10% and Singapore's Straits Times lost 0.20%. IHSG's total market capitalization stood at Rp13,661 trillion ($794 billion).
Sources:
