Business.com, JAKARTA — The Composite Stock Price Index (IHSG) weakened in trading yesterday, Wednesday (February 5, 2025) despite economic growth data exceeding expectations.
businesses: PT Timah Tbk. · PT Aneka Tambang Tbk. · PT Bank Mandiri · PT Vale Indonesia Tbk. · PT Bank Pan Indonesia Tbk. · PT Telkom Indonesia Tbk. · PT Bank Negara Indonesia · PT Bank Rakyat Indonesia
- The IHSG closed down 0.70% or 49.23 points to 7,024.23 on February 5, 2025.
- The decline was driven by weak performance in major bank stocks, with PT Bank Rakyat Indonesia (BBRI) down 2.82%, PT Bank Mandiri (BMRI) down 2.64%, and PT Bank Negara Indonesia (BBNI) down 4.26%.
- Foreign capital outflow continued, with a net sell of Rp490.49 billion in the Indonesian stock market.
- Despite the economic growth rate of 5.02% year-on-year in Q4 2024 being above expectations, the IHSG still weakened due to market expectations.
- Analysts predict the IHSG will fluctuate between 6,950 and 7,150 for some time, with resistance at 7,150 and support at 6,950 today.
- Recommended stocks include PT Aneka Tambang Tbk. (ANTM), PT Vale Indonesia Tbk. (INCO), PT Timah Tbk. (TINS), PT Bank Pan Indonesia Tbk. (PNBN), and PT Telkom Indonesia Tbk. (TLKM).
Find out the mood, impact, relevance and relevant interest groups
Analyses of the article
SENTIMENT
The article highlights a decline in the stock market and weak performance of bank stocks, which points to unfavorable developments, thus reflecting a negative sentiment.
IMPACT
Short
The decline in the IHSG and the performance of major bank stocks are immediate and observable within a short timeframe, indicating short-term impacts on the market.
RELEVANCE
Moderate
The article discusses the stock market performance and predictions, which is moderately important to investors and businesses in Indonesia, but may not be of great importance to the general public.
STAKEHOLDER
businesses
The focus on stock market performance and specific companies indicates that the primary stakeholders affected are businesses, particularly those in the banking and mining sectors.