Stock Markets March 17, 2026

Jakarta stocks climb as infrastructure, agriculture and basic industry sectors lead gains

IDX Composite ends session up 1.13% as select mid-cap names post double-digit gains; commodities and FX registers notable moves

By Priya Menon ROCK
Jakarta stocks climb as infrastructure, agriculture and basic industry sectors lead gains
ROCK

Indonesian equities closed higher on Tuesday, with the IDX Composite Index finishing up 1.13%. Strength in the Infrastructure, Agriculture and Basic Industry sectors underpinned the advance. Several mid-cap and small-cap names recorded double-digit percentage gains while a handful of stocks declined sharply. Commodity prices and currency moves were also notable during the session.

Key Points

  • IDX Composite Index closed up 1.13% as Infrastructure, Agriculture and Basic Industry sectors led gains.
  • Notable winners included JK:ROCK (+24.47%), JK:IKAN (+23.75%) and JK:JSPT (+18.33%); major losers included JK:PSDN (-14.97%), JK:FITT (-14.92%) and JK:POLA (-14.86%).
  • Commodities and FX moved higher: WTI crude rose to $96.75, Brent to $104.04, April gold futures to $5,025.01 per troy ounce; USD/IDR at 16,978.20 and US Dollar Index futures at 99.60.

Indonesia's stock market finished the trading day in positive territory on Tuesday, with the benchmark IDX Composite Index rising 1.13% at the close in Jakarta. The session was paced by advances in the Infrastructure, Agriculture and Basic Industry sectors, which helped lift the broader market.

Market breadth favored buyers: 475 stocks gained versus 248 that fell on the Jakarta Stock Exchange, while 136 issues ended unchanged.

Top performers included Rockfields Property Indonesia Pt (JK:ROCK), which surged 24.47%, gaining 690.00 points to close at 3,510.00. Era Mandiri Cemerlang Tbk PT (JK:IKAN) climbed 23.75%, adding 19.00 points to finish at 99.00. Jakarta Setiabudi Internasional (JK:JSPT) advanced 18.33%, up 230.00 points to 1,485.00 by the close.

Largest decliners on the day were Prasidha Aneka Niaga Tbk (JK:PSDN), down 14.97% or 28.00 points to 159.00 at the close. Hotel Fitra International Tbk PT (JK:FITT) fell 14.92%, sliding 54.00 points to 308.00. Pool Advista Finance Tbk PT (JK:POLA) dropped 14.86%, or 11.00 points, to end the session at 63.00.

Commodities saw upward movement during the trading day. Crude oil for May delivery rose 4.64% (an increase of 4.29) to $96.75 a barrel. Brent oil for May delivery gained 3.82% (up 3.83) to reach $104.04 a barrel. Precious metals were also firmer: the April Gold Futures contract climbed 0.46%, or 22.81, to trade at $5,025.01 a troy ounce.

Currency markets registered modest moves against the rupiah. The USD/IDR rate was up 0.46% at 16,978.20, while AUD/IDR inched higher by 0.01% to 12,008.26. U.S. Dollar Index futures were trading 0.13% firmer at 99.60.

The session's outcomes show selective strength across several sectors, with mid- and small-cap names producing the most pronounced moves in percentage terms. While gains were broad enough to lift the index, the marketplace also recorded sizeable declines in a handful of stocks, underscoring continued stock-specific volatility within the market.


Note: This report summarizes market moves at the close of trading and the listed prices and percentage changes are those recorded at the close.

Risks

  • Commodity-price volatility - sharp moves in oil and gold prices could influence energy- and commodity-linked sectors.
  • Currency fluctuations - an appreciating USD/IDR may affect import costs, external debt servicing and companies with FX exposures.
  • Single-stock volatility - the presence of large percentage swings among individual securities indicates elevated idiosyncratic risk for mid- and small-cap names.

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