Insight

IHSG Down -2% in September, Driven By Barito and Big Banks

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Algo Research Team

Market | Sep 30, 2024 | Views: 344

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Key Summary:

  • Correction after interest rate cuts
  • Top 20 biggest stocks performances
  • What's next for market

In our previous in-depth research (read here: Septem-Bear), we warned the incoming negative seasonality that typically occurs in September which is proven right, where IHSG moved -2% lower in the month.


Zoom in: The last day of September saw IHSG closed -2.2%, or -4.7% from its recent all-time high, to close around 7,500, which brings the month-to-date (MtD) index return down -1.86%.

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