Image Credits - Magz.tempo
The Indonesia Stock Exchange (IDX) Composite Index ended the week on a positive note, climbing 0.74% on Friday, continuing a rally that saw it close in the green. The index finished the trading session at 7,253.62, bolstered by gains in key sectors, including financials, infrastructure, and agriculture.
Friday’s performance marked a rebound for the IDX Composite, which had shown mixed results throughout the week. The surge was primarily driven by strong performances in the financial sector, which climbed 1.24%, and the infrastructure and agriculture sectors, both of which also saw notable increases. The financial sector’s robust performance was attributed to a rally in banking stocks, which have consistently posted gains this month.
Sectoral movements also played a crucial role in supporting the rise. The industrial sector increased by 0.92%, while the raw materials sector rose by 0.85%. Meanwhile, the property and real estate sectors saw a more modest increase of 0.69%, contributing to the overall market uplift.
However, not all sectors shared in the uptick. The energy sector experienced a decline of 1.13%, reflecting a broader downturn in global energy markets. The health and technology sectors also posted slight decreases of 0.21% and 0.15%, respectively, tempering the market’s overall gains.
The week’s rally pushed the IDX Composite’s cumulative gains to 0.75% over the last five trading days, with the index showing an overall rise of 1.10% since the beginning of the year. Trading volumes remained robust, with a total of 14.5 billion shares changing hands, valued at IDR 10.81 trillion. In total, 274 stocks gained, while 245 stocks declined, and 243 remained flat. Indonesia’s stock market has shown resilience, driven by strong performances in key sectors that are pivotal to its domestic economy.