Indonesia's equity market finished Wednesday's session in positive territory as buying interest concentrated in Infrastructure, Agriculture and Basic Industry names helped lift the benchmark. At the close in Jakarta, the IDX Composite Index registered a 0.62% gain.
Among individual stocks, the session's top performers recorded substantial percentage increases. Armada Berjaya Trans Tbk PT (JK:JAYA) climbed 33.33% - an increase of 40.00 points - to finish at 160.00, a move that pushed the stock to three-year highs. Selaras Citra Nusantara Perkasa Tbk (JK:SCNP) rose 31.33%, adding 52.00 points to end at 218.00, while Industri Dan Perdagangan Bintraco Dharma Tbk PT (JK:CARS) advanced 28.72% or 27.00 points to close at 121.00.
On the downside, several issues posted steep declines. Indospring Tbk (JK:INDS) fell 14.97% - down 265.00 points - to trade at 1,505.00 at the close. Satu Visi Putra PT Tbk (JK:VISI) lost 14.60% or 100.00 points to end at 585.00, and Intanwijaya Internasional Tbk (JK:INCI) declined 14.12%, slipping 125.00 points to 760.00.
Market breadth on the Jakarta Stock Exchange was tilted toward declines, with 363 securities falling versus 327 that advanced, while 169 issues finished unchanged.
Commodity markets posted small gains during the session. Crude oil for April delivery rose 0.41% - up 0.27 - to $65.90 a barrel. Brent oil for May delivery gained 0.40% or 0.28 to reach $70.86 a barrel. Precious metals moved higher as well, with the April Gold Futures contract increasing 0.69% - up 35.89 - to trade at $5,212.19 a troy ounce.
Currency pairs involving the rupiah showed modest movement. The USD/IDR rate declined 0.22% to 16,778.30, while AUD/IDR was up 0.42% at 11,914.00. The broad US Dollar Index Futures slipped 0.05% to 97.72.
Market context and implications
The session was characterized by concentrated moves among smaller-cap listings, with both outsized winners and losers contributing to overall volatility. Sector-level strength in Infrastructure, Agriculture and Basic Industry supported the index gain, while weak showings among select industrial and consumer-related names pushed some individual shares sharply lower.