Jakarta equities settled higher on Monday, with the benchmark IDX Composite Index rising 0.51% to close at a level that represented a new one-month high. Market breadth was positive, with gains concentrated in the Infrastructure, Agriculture and Basic Industry sectors.
The session's strongest performers on the IDX Composite were Natura City Developments Tbk PT (JK:CITY), which jumped 34.02% - up 66.00 points to finish at 260.00; Prasidha Aneka Niaga Tbk (JK:PSDN), which added 29.17% or 35.00 points to close at 155.00; and PT Dafam Property Indonesia Tbk (JK:DFAM), which climbed 28.87% or 28.00 points to end the day at 125.00.
At the other end of the board, Optima Prima Metal Sinergi (JK:OPMS) led the declines, sliding 12.20% or 20.00 points to close at 144.00. Nusantara Voucher Distribution Tbk PT (JK:DIVA) dropped 11.52% or 22.00 points to finish at 169.00, while Pacific Strategic Financial (JK:APIC) fell 11.18% or 175.00 points to end at 1,390.00.
Overall, advancing issues outnumbered decliners on the Jakarta Stock Exchange by 297 to 245, and 130 stocks finished unchanged.
Notably, shares of PT Dafam Property Indonesia Tbk (JK:DFAM) reached a three-year high in the session, rising 28.87% or 28.00 points to 125.00.
Commodity markets were marked by substantial moves in oil. Crude oil for May delivery gained 7.99%, an increase of $7.72, to trade at $104.29 a barrel. Brent crude for June delivery rose 7.65% or $7.28 to $102.48 a barrel. In contrast, the June Gold Futures contract eased 0.67% or $31.85 to trade at $4,755.55 a troy ounce.
Currency markets showed the rupiah weakening against the U.S. dollar, with USD/IDR up 0.41% at 17,121.60. AUD/IDR was marginally higher by 0.02% to 12,064.91. The benchmark U.S. Dollar Index Futures also moved up, gaining 0.31% to 98.75.
Market context and observations
- The IDX Composite advanced to a one-month high, driven by sector-level buying in Infrastructure, Agriculture and Basic Industry.
- Several small-cap names posted outsized percentage gains, while a subset of names showed notable single-session declines.
- Sharp increases in crude benchmarks coincide with a modest rise in the U.S. dollar and a weaker rupiah.
These intraday moves reflect concentrated activity across particular stocks and sectors, with commodities and FX flows providing an additional backdrop for market sentiment.