Indonesia's stock market ended Tuesday's session in negative territory, with the IDX Composite Index closing down 0.67% in Jakarta. Declines were concentrated in the Infrastructure, Agriculture and Basic Industry sectors, which helped push the benchmark lower at the bell.
The session produced a handful of large winners and several notable losers. Leading the gainers was Formosa Ingredient Factory PT Tbk (JK:BOBA), which advanced 34.91% - a move of 59.00 points - to finish at 228.00, and in doing so reached a 52-week high. LCK Global Kedaton (JK:LCKM) rose 34.48% or 40.00 points to close at 156.00, while Citatah Tbk (JK:CTTH) added 34.09% or 30.00 points to end the day at 118.00.
On the downside, Golden Flower Tbk PT (JK:POLU) suffered the steepest drop among large movers, falling 14.95% - a decline of 3,125.00 points - to trade at 17,775.00 at the close. Dian Swastatika Sentosa Tbk (JK:DSSA) declined 14.98% or 490.00 points to finish at 2,780.00, and Ifishdeco PT (JK:IFSH) was down 12.59% or 350.00 points to settle at 2,430.00.
Market breadth was mixed. On the Jakarta Stock Exchange, advancing issues outnumbered decliners by 369 to 339, while 147 stocks closed unchanged.
Commodities moved lower during the session. Crude oil for June delivery fell 1.35% or 1.18 to trade at $86.24 a barrel. Brent for June delivery dropped 1.05% or 1.00 to $94.48 a barrel. The June Gold Futures contract lost 0.48% or 23.30, ending at $4,805.50 a troy ounce.
Currency and dollar measures showed notable moves. The USD/IDR exchange rate rose 0.35% to 17,146.90. AUD/IDR slipped 0.44% to 12,264.81. The US Dollar Index Futures was up 0.17% at 98.07.
Market takeaway
- IDX Composite closed down 0.67% as losses in Infrastructure, Agriculture and Basic Industry led the market lower.
- A small set of names produced outsized gains, with Formosa Ingredient Factory PT Tbk (JK:BOBA) reaching a 52-week high after a 34.91% advance.
- Commodities and FX moved lower for oil, Brent and gold, while the rupiah weakened against the US dollar.