JAKARTA - The Indonesia Stock Exchange (IDX) has opened its voice regarding the Composite Stock Price Index (JCI) opening down 2 percent in trading session I Tuesday, April 16, 2024, after this year's Eid holiday.
IDX IDX Effect Assessment Director Gede Nyoman Yetna said the decline in the JCI today was caused by several factors including global geopolitical conditions that were heating up in the Middle East between Iran and Israel, thus affecting the movement of traded stocks.
"I cannot state whether this affects. However, what is common is the geopolitical tension factor. It will move. It will affect the index movement. The market does move dynamically from time to time," he said when met at the IDX building in Jakarta, Tuesday, April 16.
Nyoman added that geopolitical conditions are one of the decision factors for investors in investing in the market. So that it will make stock market movements move dynamically from time to time.
In addition, according to Nyoman, the Exchange also observed the JCI movement based on the conditions and situations that developed in the market.
"Yes, I also observed that. The market will move itself according to existing conditions, friends. The market is moving dynamically," he concluded.
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Meanwhile, at the opening of trading Tuesday, April 16, 2024, it weakened by 145.719 points or 2.00 percent to 7,141,162 positions at 09.14 WIB this morning.
Meanwhile, the JCI was opened at the level of 7,285.783 while the highest level of the JCI today was at the level of 7,285.783 and the lowest was at 7,066.573. The total volume of stock trading on the IDX reached 3.55 billion, with a transaction value of Rp4.01 trillion. There are 92 stocks up, 378 stocks down, and 142 low.
Meanwhile, the JCI fell amid a large number of negative sentiments from global conditions when Indonesia was on a long holiday in the context of Eid al-Fitr 1445 H, ranging from heating up the situation in the Middle East, to inflation in the United States (US).
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