KONTAN.CO.ID - JAKARTA. The IDX Composite Index (IHSG) turned red as the regional market rallied on Friday's (23/2) trading. Citing RTI, the index corrected by 0.88% or 64.395 points to the level of 7.275,241 in the first trading session.

As many as 285 stocks fell, 186 stocks rose, and 263 stocks were stagnant. The total trading volume was 8.8 billion shares with a transaction value reaching IDR 4.4 trillion.

As many as 10 sectoral indices weighed on the IHSG's steps. The three sectors with the deepest declines were IDX-Finance 1.16%, IDX-NonCyc 0.77%, and IDX-Health 0.55%.

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Top losers LQ45 stocks

- PT Bank Tabungan Negara Tbk (BBTN) fell 4.04% to IDR 1,425

- PT Sumber Alfaria Trijaya Tbk (AMRT) fell 2.91% to IDR 2,670

- PT Astra International Tbk (ASII) fell 2.84% to IDR 5,125

Top gainers LQ45 stocks:

- PT Bukalapak.com Tbk (BUKA) rose 3.90% to IDR 160

- PT ESSA Industries Indonesia Tbk (ESSA) rose 2.88% to IDR 535

- PT Mitra Pack Tbk (PTMP) rose 2.84% to IDR 290

Meanwhile, Asian stocks rose today and brought the global market towards big gains for the week.

Stunning AI performance reports from Nvidia triggered a wave of record highs from Asia to Europe and the United States (US). Meanwhile, the yen held losses against various currencies.

Nvidia's stock soared 15%, adding a record market value of US$250 billion on Thursday (22/2).

The performance of this Santa Clara, California-based company drove a global rally pulled by AI on tech stocks.

Triggering the S&P 500, Dow Jones Industrials, STOXX 600 Europe, and the average Japanese Nikkei stock to record highs.

The Tokyo Stock Exchange closed for a holiday on Friday, with Nikkei futures trading up about 300 points.

“The Nvidia effect has shattered the global equity market and breathed fresh air into a market that seemed to be preparing for a 3-5% decline,” said Chris Weston, head of research at Pepperstone in Melbourne.

"Consider that Nvidia will hold a highly anticipated GTC (technology) conference on March 18 - where they will likely provide the latest information to the market about new products and innovations - so the stock price decline should not be too large, and we can see buyers pushing the price higher to that event,” he said.

The MSCI index consisting of Asia-Pacific stocks outside Japan rose 0.6%, making the weekly increase to 1.8%.

Editor: Khomarul Hidayat