Indonesia's equity market finished lower after trading on Monday, with sector weakness in Financials, Infrastructure and Agriculture contributing to the pullback. At the close in Jakarta, the IDX Composite Index declined 0.68%.
Strong percentage gains were concentrated in a handful of names. Danasupra Erapacific Tbk (JK:DEFI) led the winners, jumping 34.97% - a rise of 57.00 points - to end the session at 220.00. LCK Global Kedaton (JK:LCKM) climbed 34.88% or 30.00 points to finish at 116.00, while Intermedia Capital Tbk (JK:MDIA) rose 33.71% - a 30.00-point increase - to close at 119.00.
At the other end of the tape, several stocks recorded sizeable declines. Multipolar Technology Tbk (JK:MLPT) fell 15.00% - down 4,350.00 points - to 24,650.00 at the close. Transcoal Pacific Tbk PT (JK:TCPI) lost 13.68% or 1,850.00 points to end at 11,675.00, and Jaya Sukses Makmur Sentosa Tbk PT (JK:RISE) declined 11.34% or 270.00 points to finish at 2,110.00.
Market breadth favored decliners: 487 stocks fell, 246 advanced and 128 were unchanged on the Jakarta Stock Exchange.
Intermedia Capital Tbk (JK:MDIA) also reached a notable milestone during the session, trading at levels described as 5-year highs after the 33.71% intraday gain that took the stock to 119.00.
Commodities and currency movements
Energy markets registered significant moves during the session. Crude oil for June delivery rose 6.74% or $5.57, settling at $88.16 a barrel. Brent oil for June delivery climbed 5.93% or $5.36 to $95.74 a barrel. In metals, the June Gold Futures contract fell 1.43% or $69.84 to trade at $4,809.76 a troy ounce.
In currency markets connected to the archipelago, USD/IDR was down 0.17%, trading at 17,151.20, while AUD/IDR fell 0.30% to 12,274.84. The US Dollar Index Futures was up 0.22% at 98.11.
What this means
- Indonesia's benchmark posted a modest decline, with particular pressure from Financials, Infrastructure and Agriculture sectors.
- A small number of midcap stocks posted very large percentage moves in both directions, contributing to headline volatility.
- Movements in crude, Brent and gold, together with currency fluctuations in USD/IDR and AUD/IDR, were notable market influences during the session.
These data points reflect trading outcomes at the close on Monday and provide a snapshot of market sentiment during the session.