IHSG jumps past 7,400
The Jakarta Composite Index closed above 7,400 at 7,458, up 2.07% with large movers including OPMS and PADI, even as consumer confidence slipped to 122.9 in March (x.com). The market move paired strong stock performance with a cautious consumer-sentiment backdrop (x.com).
Indonesia’s benchmark stock index ended Friday, April 10, at 7,458.49, its first close above 7,400 in this latest push. (finance.yahoo.com) The Jakarta Composite Index rose 150.91 points, or 2.07%, while the blue-chip LQ45 index gained 1.71% to 746.47. In Jakarta trading, the index touched an intraday high of 7,488.01 and a low of 7,346.49. (liputan6.com) Market breadth was positive across the board: 485 stocks advanced, 181 fell and 153 were unchanged. Regular-market turnover reached about 18.1 trillion rupiah, with 42.9 billion shares traded in 2,287,125 transactions. (liputan6.com) Every major sector finished in the green, led by industry at 4.29%, finance at 3.02% and consumer cyclicals at 2.64%. Energy rose 1.41%, technology gained 1.91% and property added 2.18%. (liputan6.com) The strongest individual movers were not the market’s biggest companies. IDX Channel’s list of top gainers put PT Natura City Development Tbk up 34.72%, PT BSA Logistics Indonesia Tbk up 34.52%, PT Distribusi Voucher Indonesia Tbk up 34.51% and PT Optima Prima Metal Sinergi Tbk up 34.43% to 164 rupiah. (idxchannel.com) That rally came the same day Bank Indonesia reported softer household sentiment for March. The central bank said its Consumer Confidence Index fell to 122.9 from 125.2 in February, though it remained above the 100 line that signals optimism. (bi.go.id) Bank Indonesia said the March reading was supported by a Current Economic Condition Index of 115.4 and a Consumer Expectation Index of 130.4. In other words, households still reported optimism, but less of it than a month earlier. (bi.go.id) Liputan6 cited MNC Sekuritas analyst Herditya Wicaksana as saying Friday’s stock gains were linked to a Middle East ceasefire and stronger regional and global markets, even as the rupiah remained under pressure against the United States dollar. The same report put the rupiah near 17,084 per dollar at the close. (liputan6.com) So the picture at the end of the week was split but clear: stocks surged, sectors all advanced, and consumers stayed optimistic while turning more cautious in March. Friday’s close above 7,400 put that contrast in plain view. (finance.yahoo.com)
