Jakarta: The Composite Stock Price Index of the Indonesia Stock Exchange (IDX) recorded a 1.42 percent increase over the week, from Jan. 29 to Feb. 2, 2024, reaching 7,238.7 compared to the previous week’s closing at 7,137. The market capitalization of the IDX also saw a 1.01 percent rise to Rp 11,460 trillion from Rp 11,345 trillion.
The average daily trading volume for the week saw a 10.7 percent increase, reaching 17.23 billion shares compared to the previous week’s 15.56 billion shares. However, the average daily transaction frequency decreased by 1.1 percent to 1,114,490 transactions from 1,127,246 transactions. Similarly, the average daily transaction value dropped by 8 percent, amounting to Rp 10.49 trillion from Rp 11.41 trillion.
Foreign investors on Friday recorded a net buy value of Rp 1.46 trillion. Thus, the total foreign net buy throughout the current year reached Rp 10.6 trillion.
With the upcoming presidential and vice-presidential elections, scheduled for Wednesday, Feb. 14, 2024, investors are closely monitoring market trends. Historical data indicates the index and market have consistently grown in each election year.
