IDX Composite Ends Lower on Friday, Dragged by Financial and Consumer Sector

February 23, 2024, 07.06 PM | Reporter: Wahyu Tri Rahmawati

ILUSTRASI. IDX Composite Ends Lower on Friday, Dragged by Financial and Consumer Sector. (KONTAN/Cheppy A. Muchlis)

IDX COMPOSITE - JAKARTA. The IDX Composite Index (IHSG) closed lower on Friday, weighed down by losses in the financial and consumer sectors.

The benchmark index fell 0.61%, or 44.54 points, to 7,295.09, its lowest close since February 17.

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.

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.