Markets Watch Fed Meeting, Indonesia Stock Exchange Closes Up 0.97% (Tuesday, May 6, 2025)
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The Jakarta Composite Index (JCI) rose 0.97% to close at 6,898.20 on Tuesday (May 6, 2025). This strengthening occurred as market players awaited the Federal Open Market Committee (FOMC) meeting of the Federal Reserve (The Fed).
"Investors are awaiting the start of the first monetary policy meeting of the US central bank, The Fed, since US President Donald Trump announced reciprocal tariffs in early April 2025," said the Phillips Sekuritas Indonesia Research Team in its study, as reported by Antara, Tuesday (May 6, 2025).
Based on the IDX-IC Sectoral Index, seven stock sectors strengthened today. The basic materials sector led with a gain of 3.27%, followed by the energy and non-cyclical consumer goods sectors, which rose 1.96% and 1.27%, respectively.
Meanwhile, four other stock sectors experienced corrections. The technology sector fell the most, by 0.93%, followed by the health and property sectors, which fell 0.37% and 0.28%, respectively.
According to RTI Business data, the frequency of domestic stock trades today reached 1.24 million transactions.
A total of 23.18 billion shares changed hands, with a total transaction value of Rp 16.70 trillion.
333 stocks closed higher today, 268 stocks weakened, and 205 stocks were stagnant.
Today's top gainers were OPMS, which soared 34.92%, followed by JATI and KRYA, which rose 34.44% and 33.65%, respectively.
On the other hand, stocks with the codes DADA and ZARA were the top losers after plunging 12.50%, followed by STAR, which corrected by 10%.
In line with the JCI, all Asian stock exchanges closed in the green this afternoon. The Nikkei index rose 1.04% to 36,830.69; the Hang Seng index rose 0.70% to 22,662.71; the Shanghai index rose 1.13% to 3,316.11; and the Straits Times index rose 0.19% to 3,860.41.
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