Indonesia's stock market finished the session higher on Wednesday, with the benchmark IDX Composite Index advancing 1.78% at the close in Jakarta. Strength in the Infrastructure, Agriculture and Basic Industry sectors underpinned the broader market rise.
Among individual stocks, Multi Makmur Lemindo Tbk (PIPA) led gains, jumping 34.93% or 51.00 points to finish at 197.00. Minna Padi Investama Tbk (PADI) followed closely, adding 34.88% or 30.00 points to end the day at 116.00. Teknologi Karya Digital Nusa PT Tbk (TRON) also posted a substantial increase, rising 31.13% or 47.00 points to close at 198.00.
On the downside, the session featured several steep decliners. Perdana Bangun Pusaka Tbk PT (KONI) fell 8.05% or 190.00 points to trade at 2,170.00 at the close. Prima Globalindo Logistik Tbk (PPGL) declined 10.00% or 22.00 points to end at 198.00, while Indo Boga Sukses Tbk PT (IBOS) slid 9.93% or 15.00 points to close at 136.00.
Market breadth was positive, with advancing issues outnumbering decliners on the Jakarta Stock Exchange by 538 to 190, and 133 stocks finishing unchanged.
Commodities and currencies
Commodity prices moved higher in nearby futures. Crude oil for March delivery rose 1.44% or 0.92 to $64.88 a barrel. Brent oil for April delivery increased 1.35% or 0.93 to $69.73 a barrel. The April Gold Futures contract climbed 0.80% or 40.31 to trade at $5,071.31 a troy ounce.
On the currency front, the Indonesian rupiah weakened modestly versus both the US dollar and the Australian dollar. USD/IDR was up 0.30% at 16,782.50, while AUD/IDR rose 0.36% to 11,920.51. The US Dollar Index Futures was down 0.19% at 96.49.
Context and caveats
The session featured outsized percentage moves among several individual names, which contributed materially to headline sector performance. The data presented here reflects closing prices and reported daily changes; no additional causal claims are made beyond the reported figures and sector attributions.