Indonesian Composite Index Opens Stronger

Market Overview

The Indonesian Composite Index (IHSG) opened on a positive note today, continuing its upward trend. As of 09:15 WIB, the index was recorded at 8,578.88, representing a 0.35% increase or 30.09 basis points. The opening level was 8,577.60, with the index moving between 8,564.69 (low) and 8,597.06 (high) during early trading.

Trading Activity

Market activity was robust with 5.75 billion shares traded valued at Rp 2.90 trillion across 402,196 transactions. Stock performance was mixed with 285 stocks advancing, 236 declining, and 182 remaining unchanged. This early positive performance is part of a broader upward trend as evidenced by the index's 0.71% weekly gain, 4.13% monthly increase, and 10.94% quarterly rise. The year-to-date performance stands at 21.22% growth.

Market Sentiment

The positive opening reflects improving investor sentiment in the Indonesian stock market. The consistent upward movement across various timeframes suggests growing confidence among investors. The significant trading volume indicates strong market participation, supporting the current positive trend.