KONTAN.CO.ID - JAKARTA. The IDX Composite (IHSG) closed lower on Friday, dragged down by losses in consumer goods and financial sectors. The benchmark index fell 0.61% to 7,295.10, its lowest level since January 2024.

The decline in the IHSG was in line with the decline in regional markets. The MSCI Asia ex-Japan index fell 0.8% on Friday, as investors turned cautious ahead of the release of key economic data from the United States.

Among the 11 sectoral indices in the IDX, seven closed in negative territory. The IDX Consumer Goods Index fell 0.54%, the IDX Financial Index fell 0.94%, and the IDX Industrial Index fell 0.50%.

The IDX Infrastructure Index was the only bright spot, rising 0.53%. The IDX Technology Index also closed higher, up 0.38%.

Foreign investors were net sellers on Friday, offloading Rp 1.2 trillion (US$80 million) worth of Indonesian stocks.

The financial sector fell 0.94%, with PT Bank Central Asia Tbk (BBCA) and PT Bank Rakyat Indonesia Tbk (BBRI) among the top losers. The consumer sector declined 0.54%, dragged down by PT Astra International Tbk (ASII) and PT Unilever Indonesia Tbk (UNVR).

The decline in the IHSG was in line with the broader Asian market, which was also weighed down by concerns about rising interest rates and inflation. The MSCI Asia ex-Japan index fell 0.8% on Friday.

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On the bright side, the infrastructure sector rose 0.53%, led by PT Adaro Energy Tbk (ADRO) and PT Wijaya Karya Tbk (WIKA). The technology sector also gained 0.38%, with PT Bukalapak.com Tbk (BUKA) and PT GoTo Gojek Tokopedia Tbk (GOTO) among the top gainers.

Total trading volume on the Indonesia Stock Exchange (IDX) reached 16.29 billion shares, with a total value of Rp 9.68 trillion.

For the week, the IHSG fell 0.55%. However, it is still up 0.31% year-to-date.

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Top Gainers

• PT Mitra Pack Tbk (PTMP): 6.38%
• PT Bukalapak.com Tbk (BUKA): 4.55%
• PT Aneka Tambang Tbk (ANTM): 3.33%

Top Losers

• PT Astra International Tbk (ASII): -2.84%
• PT Saratoga Investama Sedaya Tbk (SRTG): -2.74%
• PT Sumber Alfaria Trijaya Tbk (AMRT): 2.55%

Market Overview

• The IHSG closed 0.61% lower at 7,295.10.
• Seven of the 11 sectoral indices closed in negative territory.
• The IDX Infrastructure Index was the top gainer, rising 0.53%.
• The IDX Consumer Goods Index was the top loser, falling 0.54%.
• Foreign investors were net sellers, offloading Rp 1.2 trillion worth of Indonesian stocks.

Outlook

The outlook for the IHSG in the near term is uncertain. Investors will be closely watching the release of key economic data from the United States and China for clues on the global economic outlook.

Editor: Hasbi Maulana