Jakarta - The IDX Composite finished the session down 0.20% after declines in the Agriculture, Basic Industry and Property sectors pushed the market lower at the close on Wednesday.
Despite the index retreat, several individual names posted substantial gains. Black Diamond Resources Tbk PT (JK:COAL) led advancers, jumping 33.96% or 18.00 points to finish at 71.00. Bank Danamon Indonesia Tbk (JK:BDMN) rose 25.00% or 770.00 points to close at 3,850.00, and Multi Medika Internasional PT Tbk (JK:MMIX) gained 25.00% or 72.00 points to end the day at 360.00.
On the downside, Kedaung Indah Can Tbk (JK:KICI) lost 14.91% or 48.00 points to close at 274.00. Danasupra Erapacific Tbk (JK:DEFI) declined 14.60% or 40.00 points to 234.00, while Yanaprima Hastapersada Tbk (JK:YPAS) slipped 9.80% or 170.00 points to finish at 1,565.00.
Market breadth on the Jakarta Stock Exchange showed 416 stocks advancing versus 298 declining, with 149 issues unchanged, indicating that gains were somewhat broad even as headline indices ended lower.
Notable milestones in the session included Bank Danamon Indonesia reaching five-year highs as shares jumped 25.00% to 3,850.00. Multi Medika Internasional recorded an all-time high after its 25.00% advance to 360.00.
Commodities provided a mixed external backdrop to equity moves. Crude oil for June delivery increased 1.16% or 1.04 to $90.71 per barrel. Brent crude for June rose 1.36% or 1.34 to $99.82 a barrel. Precious metals also moved higher, with the June Gold Futures contract up 1.13% or 53.41 to trade at $4,773.01 a troy ounce.
Currency markets saw the Indonesian rupiah weaken versus the U.S. dollar and the Australian dollar. USD/IDR rose 0.48% to 17,168.10, while AUD/IDR moved up 0.43% to 12,307.61. The U.S. Dollar Index Futures was lower, trading down 0.11% at 98.11.
Overall, the session combined selective stock-specific rallies and notable single-stock milestones with sector-level pressure that left the benchmark modestly in negative territory by the close.