Indonesia's benchmark equity gauge finished the trading day in Jakarta lower, with the IDX Composite Index retreating 0.70% at the close as declines in the Infrastructure, Financials and Agriculture sectors dominated activity. Overall market breadth favored decliners.
By the close, the IDX Composite Index registered the 0.70% fall amid a market where 448 stocks declined, 263 advanced and 154 finished unchanged on the Jakarta Stock Exchange.
The session's top performers on the index were led by Trisula Textile Industries Tbk PT (JK:BELL), which surged 29.37% or 42.00 points to finish at 185.00. Rockfields Property Indonesia Pt (JK:ROCK) followed, climbing 24.79% or 600.00 points to close at 3,020.00, and Guna Timur Raya PT (JK:TRUK) rose 24.74% or 94.00 points to 474.00.
On the downside, Satria Mega Kencana Tbk PT (JK:SOTS) slid 14.91% or 340.00 points to end the session at 1,940.00. PT Hillcon Tbk (JK:HILL) fell 13.98% or 13.00 points to close at 80.00, and Leyand International Tbk (JK:LAPD) was down 12.84% or 19.00 points to 129.00.
Notable price milestones were recorded in both directions. Rockfields Property Indonesia Pt (JK:ROCK) advanced to an all-time high, rising 24.79% or 600.00 points to 3,020.00. Conversely, PT Hillcon Tbk (JK:HILL) declined to an all-time low, losing 13.98% or 13.00 points to 80.00.
Commodities and currency moves were modest. Crude oil for March delivery decreased 0.08% or 0.05 to $62.79 a barrel. Brent crude for April delivery was down 0.07% or 0.05, settling at $67.47 a barrel. The April Gold Futures contract recorded a 1.09% gain, rising 53.89 to trade at 5,002.29 per troy ounce.
Currency markets showed small shifts versus the Indonesian rupiah. USD/IDR was higher by 0.22% at 16,823.30, while AUD/IDR slipped 0.21% to 11,892.92. The US Dollar Index Futures was up 0.13% at 96.96.
Summary - The IDX Composite closed lower as sectoral weakness in Infrastructure, Financials and Agriculture outweighed gains in select small-cap stocks. Market breadth favored decliners and the session included both an index constituent reaching an all-time high and another hitting an all-time low. Commodity and FX moves were restrained.
- Market breadth: 448 decliners, 263 advancers, 154 unchanged.
- Top gainers: JK:BELL, JK:ROCK, JK:TRUK.
- Top laggards: JK:SOTS, JK:HILL, JK:LAPD.
Market participants should note the concentration of outsized percentage moves among small-cap names and the juxtaposition of an all-time high and all-time low within the same session, which can reflect idiosyncratic flows rather than broad macro direction.