Jakarta's stock market finished the session notably weaker on Tuesday, with the IDX Composite Index down 3.51% as selling pressure gathered across multiple sectors. The index's close marked a new 52-week low.
Sector-level declines were driven by losses in Infrastructure, Financials and Agriculture names, which weighed on overall market sentiment and contributed to the broad retreat in share prices.
On the winners' list, Reliance Securities Tbk (JK:RELI) posted the largest gain in percent terms, jumping 24.48% - an increase of 118.00 points - to finish at 600.00. Asia Pramulia Tbk PT (JK:ASPR) added 14.93% or 60.00 points to end the day at 462.00, while LCK Global Kedaton (JK:LCKM) rose 15.18% or 17.00 points to close at 129.00.
At the other extreme, Pelayaran Nasional Ekalya Purnamasari PT (JK:ELPI) tumbled 15.00% - a 270.00-point decline - to 1,530.00 at the close. Dharma Satya Nusantara Tbk (JK:DSNG) slid 15.00% or 225.00 points to finish at 1,275.00, and Triputra Agro Persada Tbk PT (JK:TAPG) gave up 14.97% or 280.00 points to close at 1,590.00.
Market breadth was heavily skewed toward decliners: 692 stocks fell, 81 advanced and 87 ended unchanged on the Jakarta Stock Exchange.
Commodities moved lower during the session. Crude oil for July delivery fell 1.13% or 1.18 to trade at $103.20 a barrel. Brent oil for July delivery declined 1.71% or 1.92 to $110.18 a barrel. In precious metals trading, the June Gold Futures contract eased 0.23% or 10.58 to trade at $4,547.42 a troy ounce.
Foreign exchange rates showed the rupiah under pressure against the US dollar, with USD/IDR up 0.64% at 17,719.00. AUD/IDR moved lower, down 0.33% to 12,598.86. The US Dollar Index Futures was marginally lower, down 0.02% at 99.08.
Key takeaways
- The IDX Composite fell 3.51% to a 52-week low, driven by weakness in Infrastructure, Financials and Agriculture sectors.
- Individual winners included RELI, ASPR and LCKM, while ELPI, DSNG and TAPG were among the largest decliners.
- Oil and Brent futures declined and gold eased; the rupiah weakened versus the US dollar.
Risks and uncertainties
- Broad equity selling may signal continued downside pressure for Infrastructure, Financials and Agriculture stocks if market conditions persist.
- Falling crude and Brent prices introduce volatility for energy-linked sectors and could affect market sentiment.
- Rupiah depreciation against the US dollar may increase currency-related risks for importers and dollar-denominated obligations.
This report reflects closing prices and market movements for the session and does not attempt to assess drivers beyond the data presented. All values and percentages are as reported at the close of trading.