JAKARTA. Jakarta Stock Price Composite Index (IHSG) posted 3.77% or 268.51-point increase to 7,382.78 last week following growth in daily transaction frequency.

Eko Susanto, Acting Secretary of Indonesia Stock Exchange (IDX), confirmed that the daily transaction frequency last week rose 8.66% to 1.24 million. A week prior, the frequency was stuck at 1.14 million transactions.

Despite the rise, transaction volume was actually corrected last week. “The average transaction volume last week saw 30.19% shift to 18.22 billion shares from 26.10 billion shares recorded a week prior,” Susanto said.

Meanwhile, total transaction volume last week clocked up to IDR 91.1 billion shares, with total transaction value of IDR 53.6 trillion recorded in 6.19 million transactions.

Approximately 42% of total transaction value was carried out by foreign investors, and the remainder was by domestic investors. The transaction of foreign investors boosted net buy to IDR 1.07 trillion.

PT Barito Renewables Energy Tbk (BREN) was at the first place in Top Leaders list with 283% increase in a week and account for 69.83-point growth of IHSG. On the contrary, PT Bank Negara Indonesia (Persero) Tbk (BBNI) led the Top Laggards list with 2.41% decline in price, thus correcting IHSG by up to 4.20 index points. (KR/ZH)