Indonesia's equities declined at the close of trading on Thursday, with the benchmark IDX Composite falling 0.51% amid sector-wide weakness concentrated in Financials, Infrastructure and Agriculture.
At the Jakarta close, the IDX Composite ended the session down 0.51%. The breadth of the market favored decliners, with 422 stocks posting losses compared to 299 advancers, while 138 issues finished unchanged.
Several small-cap names delivered outsized moves in both directions. The session's strongest performer was Kokoh Exa Nusantara Tbk PT (JK:KOCI), which jumped 35.00% - a gain of 56.00 points - to finish at 216.00. Ecocare Indo Pasifik PT Tbk (JK:HYGN) added 34.72% or 50.00 points to close at 194.00, and Raja Roti Cemerlang Tbk Pt (JK:BRRC) rose 27.66% or 26.00 points to end the day at 120.00.
On the downside, Sunson Textile Manufacturer (JK:SSTM) led losses, sliding 14.96% or 270.00 points to a close of 1,535.00. Rockfields Property Indonesia Pt (JK:ROCK) declined 14.85% or 560.00 points to 3,210.00, and PT Hillcon Tbk (JK:HILL) fell 14.71% or 10.00 points to 58.00.
Market records noted two notable extremes overnight. Shares of Ecocare Indo Pasifik PT Tbk (JK:HYGN) moved to 52-week highs on the rally, while PT Hillcon Tbk (JK:HILL) reached all-time lows following its decline.
Commodity markets showed modest strength during the session. Crude oil for April delivery rose 1.26% or 0.82 to trade at $65.87 per barrel. Brent crude for April delivery increased 1.14% or 0.80 to $71.15 a barrel. The April Gold Futures contract was reported up 0.42% or 20.99, trading at 5,030.49 per troy ounce.
Foreign-exchange rates recorded small moves against the rupiah. The USD/IDR was up 0.27% at 16,897.70, while AUD/IDR climbed 0.45% to 11,935.69. The US Dollar Index Futures was reported down 0.09% at 97.54.
Market context and implications
The session was characterized by sector-led selling that outweighed gains in select small-cap names. Financials, Infrastructure and Agriculture were cited as the main drags on the benchmark, while commodity and currency shifts were modest and did not offset the market's losses.