Indonesia's equity market ended the trading session higher on Tuesday, with the IDX Composite Index finishing up 1.43% in Jakarta. Market breadth favoured advances as more than twice as many issues rose as fell, and gains were led by the Infrastructure, Financials and Agriculture sectors.
Among individual stocks, MDTV Media Technologies Tbk PT (JK:NETV) was the top gainer of the session, jumping 30.88% - up 21.00 points to close at 89.00. Yelooo Integra Datanet Tbk PT (JK:YELO) also posted a strong result, adding 27.27% or 24.00 points to end at 112.00. Alakasa Industrindo Tbk (JK:ALKA) rose 24.78%, an increase of 140.00 points, to finish at 705.00 during late trade.
Not all names fared well. Indospring Tbk (JK:INDS) led decliners, losing 14.62% or 125.00 points to settle at 730.00. Hotel Fitra International Tbk PT (JK:FITT) fell 14.39%, a drop of 100.00 points to 595.00, and Aesler Grup Internasional Tbk Pt (JK:RONY) declined 14.03% or 310.00 points to close at 1,900.00.
Market internals showed 526 stocks advanced, 215 declined and 118 finished unchanged on the Jakarta Stock Exchange.
Commodities and currency moves
Energy markets recorded sizeable losses. Crude oil for April delivery fell 7.51%, down $7.12, to $87.65 a barrel. Brent oil for May delivery dropped 7.34% or $7.26 to $91.70 a barrel. In precious metals, the April Gold Futures contract gained 1.78%, an increase of $90.81, to trade at $5,194.51 a troy ounce.
In currency trading, the Indonesian rupiah weakened modestly against the dollar, with USD/IDR up 0.13% to 16,854.00. The Australian dollar also rose versus the rupiah, with AUD/IDR up 0.11% to 11,991.58. Meanwhile, the US Dollar Index Futures fell 0.61% to 98.57.
What this session shows
- The market closed higher with sector leadership concentrated in Infrastructure, Financials and Agriculture.
- A handful of midcap names recorded strong single-session gains, while several other stocks experienced significant declines.
- Commodities moved sharply in both directions, with oil notably lower and gold higher, and FX showed a small depreciation of the rupiah versus major pairs.
The session's mix of pronounced winners and losers, coupled with significant commodity moves, underscores a market environment where sector and single-stock moves can diverge sharply within the same trading day.