Indonesian equities ended Thursday's trading session in positive territory, driven by buying interest in Infrastructure, Financials and Agriculture stocks. At the Jakarta close, the IDX Composite Index registered a 1.20% gain.
The market featured pronounced individual stock volatility. The top performers on the IDX Composite were Rockfields Property Indonesia Pt (JK:ROCK), which surged 24.82% - a gain of 700.00 points - to finish at 3,520.00; Jakarta Setiabudi Internasional (JK:JSPT), which added 24.70% or 310.00 points to close at 1,565.00; and Leyand International Tbk (JK:LAPD), up 19.48% or 15.00 points to end the session at 92.00.
Not all names participated in the rally. The heaviest declines included Prasidha Aneka Niaga Tbk (JK:PSDN), which fell 14.97% or 28.00 points to trade at 159.00; Hotel Fitra International Tbk PT (JK:FITT), down 14.92% or 54.00 points to finish at 308.00; and Pool Advista Indonesia Tbk (JK:POOL), which dropped 14.86% or 11.00 points to 63.00.
On breadth, the market report recorded that falling stocks outnumbered advancing ones on the Jakarta Stock Exchange by 0 to 0.
Commodity markets displayed notable moves during the session. Crude oil for May delivery was higher by 1.00%, an increase of 0.95, settling at $96.41 a barrel. Brent crude for May delivery rose 6.35%, up 6.82, to reach $114.20 a barrel. Precious metals diverged from energy: the April Gold Futures contract declined 3.57% - a drop of 174.70 - to trade at $4,721.50 a troy ounce.
Foreign exchange and dollar strength were also in focus. The USD/IDR rate moved up 0.24% to 16,970.00, while AUD/IDR increased 0.20% to 11,943.74. The US Dollar Index Futures rose 0.17% to 100.04.
Overall, the session combined sector-led gains on the local bourse with divergent commodity and currency outcomes, producing a market finish that was positive for the IDX Composite even as several individual listings recorded sharp losses.
Market detail
- Index close: IDX Composite +1.20%
- Top gainers: ROCK +24.82% to 3,520.00; JSPT +24.70% to 1,565.00; LAPD +19.48% to 92.00
- Top decliners: PSDN -14.97% to 159.00; FITT -14.92% to 308.00; POOL -14.86% to 63.00
- Commodity moves: WTI May +1.00% to $96.41; Brent May +6.35% to $114.20; Gold April -3.57% to $4,721.50
- FX: USD/IDR +0.24% to 16,970.00; AUD/IDR +0.20% to 11,943.74; DXY Futures +0.17% to 100.04