Jakarta - The Composite Stock Price Index (IHSG) of the Indonesia Stock Exchange (IDX) on Thursday morning, moved down amid strengthening stock exchanges in the Asian and global regions.
The JCI opened down 12.43 points or 0.18 percent to 7,011.80. Meanwhile, the group of 45 leading stocks or the LQ45 Index fell 4.02 points or 0.50 percent to 797.45.
"IHSG today (6/2) is predicted to move in a limited rebound in the range of 7,000 to 7,100," said Ajaib Sekuritas Financial Expert Ratih Mustikoningsih in Jakarta, Thursday.
Domestically, the Central Statistics Agency (BPS) reported that Indonesia's GDP throughout 2024 grew by 5.03 percent year on year (yoy) or lower than 2023 which was 5.05 percent (yoy).
Meanwhile, on a quarterly basis in Q4-2024, economic growth was more gradual at 0.53 percent quarter to quarter (qoq) , compared to the previous quarter which grew 1.50 percent (qoq).
From abroad, market players this week are paying close attention to the release of United States (US) labor data, namely non-farm payrolls (NFP) , and the unemployment rate , which is projected to be lower.
From Asia, China's annual economic growth in 2024 will reach 5 percent (yoy), while in the fourth quarter of 2024 the economy grew 5.4 percent, or in line with the government's target in line with fiscal and monetary stimulus to increase consumption.
Meanwhile, the US Wall Street stock index closed in the positive zone on Wednesday (05/02), the Dow Jones Industrial Average index closed up 317.24 points or 0.71 percent to 44,873.28, the S&P 500 index rose 23.60 points or 0.39 percent to 6,061.48, and the Nasdaq Composite Index rose 38.32 points or 0.19 percent to 19,692.33.
The regional Asian stock exchanges this morning included the Nikkei index strengthening by 115.87 points or 0.30 percent to 38,947.35, the Shanghai index strengthening by 3.05 points or 0.09 percent to 3,232.54, the Kuala Lumpur index strengthening by 2.63 points or 0.17 percent to 1,577.14, and the Straits Times index strengthening by 14.43 points or 0.38 percent to 3,829.80.