Indonesia's stock market closed lower on Monday as sector-level losses in Infrastructure, Financials and Agriculture pushed the benchmark index down. The IDX Composite Index fell 0.88% to close at a six-month low.
Market participants saw uneven performing stocks, with several small- and mid-cap names registering outsized intraday moves. The top gainers on the IDX Composite were Voksel Electric Tbk (JK:VOKS), which increased 34.04% or 64.00 points to end at 252.00; Sinergi Inti Plastindo (JK:ESIP), which climbed 31.34% or 21.00 points to finish at 88.00; and Ifishdeco PT (JK:IFSH), which advanced 24.79% or 445.00 points to close at 2,240.00.
On the downside, Wira Global Solusi Tbk PT (JK:WGSH) plunged 54.70% or 128.00 points to 106.00 at the close, moving the stock to a 52-week low. Other notable declines included Alakasa Industrindo Tbk (JK:ALKA), which fell 14.92% or 135.00 points to 770.00, and Remala Abadi Tbk PT (JK:DATA), which lost 14.91% or 325.00 points to close at 1,855.00.
Market breadth favored falling issues, with 487 stocks ending lower against 234 gainers and 137 unchanged on the Jakarta Stock Exchange. The imbalance in advancers and decliners underscored the session's defensive posture.
Commodities and currencies
Commodity markets displayed mixed moves: crude oil for May delivery declined 1.52% or 1.69 to settle at $109.85 a barrel, while Brent oil for June delivery slipped 0.14% or 0.15 to $108.88 a barrel. In precious metals, the June Gold Futures contract rose 0.79% or 37.14 to trade at $4,716.84 a troy ounce.
Currency pairs tied to the rupiah reflected weakness in the local unit. The USD/IDR rate rose 0.56% to 17,023.20, and AUD/IDR increased 0.83% to 11,803.55. The broader US Dollar Index Futures was trading lower by 0.19% at 99.67.
What moved the tape
The session's falls were concentrated in specific sectors named by market participants as Infrastructure, Financials and Agriculture, which exerted downward pressure on the benchmark. Within that environment, a handful of stocks produced significant intraday volatility in both directions, with Voksel Electric, Sinergi Inti Plastindo and Ifishdeco posting the largest percentage gains, and Wira Global Solusi, Alakasa Industrindo and Remala Abadi suffering the steepest losses.
Outlook notes
Trading concluded with the index at a six-month trough and notable single-stock moves that contributed to a wide dispersion of returns across the market. The session's data show an uneven market where sector weakness and currency movements coincided with pronounced volatility among certain securities.