Stock Markets April 7, 2026

Jakarta Stocks Slip; IDX Composite Hits Six-Month Low as Agriculture and Industry Sectors Retreat

Market declines led by Agriculture, Basic Industry and Property weigh on Indonesian equities; mixed commodity and FX moves accompany session

By Maya Rios
Jakarta Stocks Slip; IDX Composite Hits Six-Month Low as Agriculture and Industry Sectors Retreat

Indonesian equities closed lower on Tuesday with the IDX Composite Index sliding 0.35% to a fresh six-month trough. Losses were concentrated in the Agriculture, Basic Industry and Property sectors even as a handful of small-cap names posted strong gains. Commodity and currency markets moved modestly, with oil and gold higher and the rupiah easing versus major peers.

Key Points

  • IDX Composite Index fell 0.35% to a new six-month low at the close in Jakarta, pressured by Agriculture, Basic Industry and Property sectors.
  • Top daily gainers included JK:PMJS (+34.82% to 151.00), JK:ESIP (+27.38% to 107.00) and JK:IFSH (+25.00% to 2,800.00), while JK:CHEM, JK:KKGI and JK:NSSS were among the largest decliners.
  • Commodities and FX moved modestly: Brent and WTI crude oil rose, June gold futures increased, USD/IDR and AUD/IDR weakened, and the US Dollar Index Futures eased slightly.

Indonesia's stock market ended Tuesday's session in negative territory, driven by declines in key cyclical sectors. The IDX Composite Index finished the day down 0.35%, registering a new six-month low at the close in Jakarta.

Sector pressure was felt most notably in Agriculture, Basic Industry and Property shares, which collectively pulled the benchmark lower. Market breadth favored decliners: 459 stocks fell on the Jakarta Stock Exchange, while 245 advanced and 150 finished unchanged.

Among individual stocks, Putra Mandiri Jembar Tbk PT (JK:PMJS) stood out as the top gainer, jumping 34.82% or 39.00 points to close at 151.00. Sinergi Inti Plastindo (JK:ESIP) also posted a strong rise of 27.38% or 23.00 points to finish at 107.00, and Ifishdeco PT (JK:IFSH) gained 25.00% or 560.00 points to end the session at 2,800.00.

On the downside, Chemstar Indonesia Tbk PT (JK:CHEM) led losses with a 15.00% decline or 18.00 points to close at 102.00. Resource Alam Indonesia Tbk (JK:KKGI) fell 11.05% or 38.00 points to 306.00, while PT Nusantara Sawit Sejahtera Tbk (JK:NSSS) retreated 10.20% or 75.00 points to finish at 660.00.

Two notable price milestones were recorded during the session. Shares of Putra Mandiri Jembar Tbk PT (JK:PMJS) climbed to 52-week highs, closing 34.82% higher at 151.00. Conversely, Resource Alam Indonesia Tbk (JK:KKGI) moved to three-year lows, losing 11.05% to end at 306.00.

Commodity markets reflected modest strength. Crude oil for May delivery rose 0.99% or 1.11 to $113.52 a barrel. Brent crude for June delivery increased 0.95% or 1.04 to $110.81 a barrel. Precious metals also firmed as the June Gold Futures contract climbed 0.41% or 19.35 to trade at $4,704.05 a troy ounce.

In foreign exchange trading, the Indonesian rupiah weakened against a couple of major currencies. USD/IDR was up 0.45% at 17,082.70, while AUD/IDR rose 0.65% to 11,854.19. Meanwhile, the US Dollar Index Futures edged down 0.11% to 99.69.


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Risks

  • Sector concentration risk - Declines concentrated in Agriculture, Basic Industry and Property may signal heightened vulnerability in those sectors.
  • Volatility in individual equities - Large intraday moves in small-cap stocks like JK:PMJS and JK:IFSH indicate elevated idiosyncratic price swings.
  • Currency and commodity exposure - Movements in USD/IDR, AUD/IDR and global oil prices can affect cash flows and valuations for commodity-linked sectors.

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