PALMOILMAGAZINE, JAKARTA – Indeks Harga Saham Gabungan (IHSG) on Tuesday, June 20, 2023, decreased by 0.28% or 18.58 points, reaching the level of 6,660.46. The declining IHSG level is attributed to the worsening economic recession in China. The continuous decline in manufacturing production has led many parties to urge China to increase domestic consumption.
The post-COVID-19 economic crisis in many countries has become the main trigger for the decrease in demand for goods from China. This has caused stock investors to become more passive, waiting for positive signals of economic improvement.
Today’s stock trading performance on the Indonesia Stock Exchange (BEI) reflects the volatile and uncertain economic situation. Consequently, the majority of stock investors remain silent.
Also Read :
IHSG Decreased 0,22 Percent to be at Level 6.618,92 on Tuesday (6/6/2023)
IHSG Dropped 0.29 Percent on Wednesday, June 14th, 2023
Wednesday (14/6/2023) Palm Oil Stock Price Still Green Led by PALM Shares
During the trading day, there were 1.06 million transactions with a volume of 16 billion shares changing hands. The recorded transaction value amounted to Rp 8.19 trillion. By the end of the trading day (20/6), 338 stocks experienced a decline in their selling prices, while 213 stocks remained stagnant.
The declining IHSG level was partly supported by the falling prices of 197 stocks. However, there were still five palm oil stocks that showed an increase, with SSMS or PT. Sawit Sumbermas Sarana Tbk. leading the way with a 4.12% increase.
Curious about the rising prices of palm oil stocks today? Stay updated with the latest information on palm oil companies through Palmoilmagazine.com, the news network of Mitra Media Networks. (T1).
