The Indonesian Composite Stock Price Index (IHSG) concluded today's trading session on a slightly bearish note, declining by 0.17% to reach 7,316.111 on Thursday, February 29, 2024.
Throughout the trading day, the IHSG moved within a range of 7,289.342 to 7,337.923, with a total transaction value of Rp 15.66 trillion, involving 29.17 billion shares.
Market activity saw 239 stocks advancing, 292 declining, and 232 remaining unchanged.
Today's movement in the IHSG contrasts with the previous two days, where the index closed higher by 0.02% on Tuesday, February 27, 2024, and by 0.59% on Wednesday, February 28, 2024.
Several big-cap banking stocks weighed down the IHSG today, with declines observed in BBCA (-1.25%), BBRI (-1.61%), BMRI (-1.75%), and GOTO (-5.33%). Conversely, other big-cap stocks managed to push into positive territory, with AMMN climbing by 6.25%, BREN by 1.68%, TPIA by 1.55%, and BBNI by 0.42%.
The mixed performance of big-cap stocks contributed to the overall direction of the market, reflecting a degree of uncertainty and volatility among investors. Despite the slight dip in the IHSG, market participants continue to monitor various factors influencing market sentiment, including domestic economic indicators, global market developments, and geopolitical events, as they navigate the intricacies of the stock market.