IHSG Outlook in June 2024 Following Slowdown at the End of May

The stock market's outlook for June 2024 remains uncertain, largely due to the minimal likelihood of global central banks easing their monetary policies shortly. Concurrently, BREN shares, along with several other major issuers, continue to face significant selling pressure.

Editorial Team

4 Jun 2024 - 19.02
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IHSG Outlook in June 2024 Following Slowdown at the End of May

Indonesia Stock Exchange

Bisnis, JAKARTA — The stock market wrapped up May 2024 with a sluggish performance, as the Jakarta Composite Index (IHSG) dipped below the critical 7,000 mark, with nearly all sectoral indices turning red.

On the final trading day of May, Friday (31/5/2024), the IHSG closed at 6,970.74. This marks a 3.48% decline from its closing level at the end of 2023. Reflecting the IHSG’s downturn, almost all other indices also ended in the red.

The IDX Sector Energy stands as the only sectoral index showing a positive performance for the year-to-date (YtD) in 2024, with a modest rise of 0.61%. In contrast, all thematic, co-branding, and sharia indices have turned red.

Among the listing board-based indices, only the acceleration board index shows a positive trend, growing by a mere 0.33% YtD. Meanwhile, the mainboard and development board indices have declined by 2.06% YtD and 1.14% YtD, respectively.

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© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.