IDX Highs: Rate Cuts, Dividend Bets

Despite investors remaining cautious, the stock market remains flourishing as the IDX Composite closed up 0.11 percent to 7,381.9 on Friday (8/3), after briefly reaching a record high of 7,416.43 in the first trading session.

Duwi Setiya Ariyanti

10 Mar 2024 - 15.19
A-
A+
IDX Highs: Rate Cuts, Dividend Bets

Illustration for Jakarta Composite Index./BISNIS

Bisnis, JAKARTA — The IDX Composite continues to strengthen by the end of this week, driven by bets on Fed rate cuts and dividend announcement of several major stocks.

Despite investors remaining cautious, the stock market remains flourishing as the IDX Composite closed up 0.11 percent to 7,381.9 on Friday (8/3), after briefly reaching a record high of 7,416.43 in the first trading session. 

The index’s strength was driven by several large-cap stocks dominated by the banking sector. The biggest gainers were PT Bank Rakyat Indonesia (BBRI), followed by PT Bank Negara Indonesia (BBNI), PT Bayan Resources (BYAN), PT Bank Mandiri (BMRI), and PT Bank Central Asia (BBCA).

Aside from these major stocks’ rally, the IDX Composite was also driven up by bullish bets on the Fed to start cutting its interest rate this year.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Rinaldi Azka
company-logo

Lanjutkan Membaca

IDX Highs: Rate Cuts, Dividend Bets

Dengan paket langganan dibawah ini :

Tidak memerlukan komitmen. Batalkan kapan saja.

Penawaran terbatas. Ini adalah penawaran untuk Langganan Akses Digital Dasar. Metode pembayaran Anda secara otomatis akan ditagih di muka setiap empat minggu. Anda akan dikenai tarif penawaran perkenalan setiap empat minggu untuk periode perkenalan selama satu tahun, dan setelah itu akan dikenakan tarif standar setiap empat minggu hingga Anda membatalkan. Semua langganan diperpanjang secara otomatis. Anda bisa membatalkannya kapan saja. Pembatalan mulai berlaku pada awal siklus penagihan Anda berikutnya. Langganan Akses Digital Dasar tidak termasuk edisi. Pembatasan dan pajak lain mungkin berlaku. Penawaran dan harga dapat berubah tanpa pemberitahuan.

Copyright © Bisnis Indonesia Butuh Bantuan ?FAQ
Kembali ke Atas
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.