Indonesia's stock market ended Thursday's session in negative territory, with the IDX Composite Index closing down 1.91% in Jakarta. Selling pressure was concentrated in the Infrastructure, Financials and Agriculture sectors, which together helped push the benchmark lower.
Market breadth was tilted toward losers. On the Jakarta Stock Exchange, 557 names fell versus 194 that advanced, and 112 stocks finished unchanged. Several individual issues recorded extreme percentage moves in either direction.
Top performers
- Kobexindo Tractors Tbk (JK:KOBX) led gains, jumping 34.43% or 63.00 points to close at 246.00. The stock rose to a 52-week high at that level.
- Maxindo Karya Anugerah Tbk PT (JK:MAXI) climbed 33.96% or 18.00 points to finish at 71.00, also reaching a 52-week high.
- Sekar Bumi Tbk (JK:SKBM) gained 25.00% or 160.00 points to end the day at 800.00.
Largest declines
- Danasupra Erapacific Tbk (JK:DEFI) fell 14.96% or 35.00 points to close at 199.00, marking the session's steepest drop.
- Formosa Ingredient Factory PT Tbk (JK:BOBA) retreated 14.79% or 42.00 points to end at 242.00.
- Kedaung Indah Can Tbk (JK:KICI) was down 14.60% or 40.00 points to 234.00 at the close.
Beyond individual stock moves, commodity and currency markets recorded notable shifts during the session. Crude oil for June delivery rose 1.36% or 1.26 to trade at $94.22 a barrel. Brent crude for June delivery increased 1.31% or 1.34 to $103.25 a barrel. Gold futures for June were down 0.42% or 19.81, trading at $4,733.19 a troy ounce.
On the currency front, the Indonesian rupiah weakened versus the U.S. dollar, with USD/IDR up 0.75% at 17,284.90. AUD/IDR rose 0.63% to 12,368.28. The U.S. Dollar Index Futures was modestly firmer, up 0.06% at 98.47.
Thursday's session combined sharp percentage swings in individual names with broader selling across several key domestic sectors. While a number of small-cap stocks posted large intraday gains and some reached 52-week highs, the overall market closed lower as losing issues outnumbered advancing ones by a wide margin.
Data snapshot
- IDX Composite Index - Close: down 1.91%
- Advancers vs. Decliners - 194 vs. 557; Unchanged - 112
- Notable gainers: KOBX (+34.43%), MAXI (+33.96%), SKBM (+25.00%)
- Notable decliners: DEFI (-14.96%), BOBA (-14.79%), KICI (-14.60%)
- Crude oil (June) - $94.22 per barrel; Brent (June) - $103.25 per barrel
- Gold (June futures) - $4,733.19 per troy ounce
- FX - USD/IDR: 17,284.90; AUD/IDR: 12,368.28
Any interpretation of the day's moves should account for the concentration of large percentage changes in specific names alongside a broad market tilt to the downside. The session closed with the index lower and a clear dominance of falling stocks across the exchange.