Indonesia's equity market ended the trading session lower on Friday, with the IDX Composite Index finishing down 2.93% and registering a fresh six-month low.
The downturn was led by weakness in the Infrastructure, Financials and Agriculture sectors, which weighed on the broader market.
Top movers
- Asia Pramulia Tbk PT (JK:ASPR) was the session's strongest performer, climbing 29.08% - a gain of 41.00 points - to close at 182.00.
- Rockfields Property Indonesia Pt (JK:ROCK) advanced 24.86%, adding 450.00 points to finish at 2,260.00.
- Duta Pertiwi Tbk (JK:DUTI) rose 24.81%, up 970.00 points to close at 4,880.00.
Largest declines
- Hotel Fitra International Tbk PT (JK:FITT) fell 14.75%, a drop of 64.00 points, to end the day at 370.00.
- Aesler Grup Internasional Tbk Pt (JK:RONY) declined 14.74%, down 255.00 points to close at 1,475.00.
- Fast Food Indonesia Tbk (JK:FAST) slipped 14.71%, a loss of 50.00 points, to finish at 290.00.
On the Jakarta Stock Exchange, declining issues outnumbered advancing ones by 679 to 98, while 84 stocks finished unchanged.
Notable price milestones
- Shares of Asia Pramulia Tbk PT (JK:ASPR) reached an all-time high in the session, closing up 29.08% at 182.00.
- Aesler Grup Internasional Tbk Pt (JK:RONY) traded down to a 52-week low, falling 14.74% to 1,475.00.
- Duta Pertiwi Tbk (JK:DUTI) rose to a 52-week high, gaining 24.81% to finish at 4,880.00.
Commodities and currencies
Energy markets moved higher on the session: crude oil for April delivery rose 1.45% - up $1.39 - to $97.12 per barrel. Brent oil for May delivery climbed 1.42%, a $1.43 increase, to $101.89 per barrel. Precious metals were weaker, with the April Gold Futures contract falling 0.99%, down $50.91, to trade at $5,074.89 a troy ounce.
In currency markets, the Indonesian rupiah weakened against the US dollar, with USD/IDR rising 0.63% to 16,962.30. The Australian dollar strengthened versus the rupiah, as AUD/IDR fell 0.47% to 11,888.50. The US Dollar Index Futures was up 0.53% at 100.28.
Market takeaway
The session saw broad selling pressure across the Jakarta market, concentrated in several key sectors and reflected in heavy declines in a large number of listed stocks. At the same time, individual names posted strong outperformance, with three stocks recording substantial percentage gains and several others hitting new yearly extremes on both the upside and downside.