Stock Markets June 5, 2026 04:30 AM

Jakarta Stocks Close Sharply Lower; IDX Composite Drops to New Five-Year Low

Infrastructure, Financials and Agriculture sectors weigh on the market as key names record large intraday moves

By Marcus Reed ARKO

Indonesia's benchmark IDX Composite Index closed down 3.53% on Friday, registering a fresh five-year low as declines in Infrastructure, Financials and Agriculture shares pushed the market lower. Decliners heavily outnumbered gainers on the Jakarta Stock Exchange, with several individual stocks recording double-digit percentage moves in both directions. Commodities and currency benchmarks also moved, with crude and Brent oil lower and the U.S. Dollar Index futures down.

Jakarta Stocks Close Sharply Lower; IDX Composite Drops to New Five-Year Low
ARKO

Key Points

  • The IDX Composite Index closed down 3.53% at a new five-year low, with losses led by Infrastructure, Financials and Agriculture sectors.
  • Market breadth skewed heavily negative: 664 falling stocks versus 104 advancing and 89 unchanged on the Jakarta Stock Exchange.
  • Notable individual moves included FWCT up 26.15% and WIFI down 15.00%; MMIX reached an all-time high while APIC fell to a five-year low.

Indonesia's equity market ended the trading day notably weaker on Friday, with the IDX Composite Index falling 3.53% at the close in Jakarta to mark a new five-year trough. The session was characterized by broad-based selling, led by declines in the Infrastructure, Financials and Agriculture sectors.

Market breadth and notable movers

On the Jakarta Stock Exchange, falling issues outnumbered advancing ones by a wide margin - 664 losers compared with 104 gainers, while 89 stocks finished unchanged.

Among the strongest performers, Wijaya Cahaya Timber PT (JK:FWCT) finished up 26.15% - a gain of 17.00 points - to close at 82.00. Kian Santang Muliatama PT (JK:RGAS) rose 16.83%, also adding 17.00 points to end the session at 118.00. Multi Medika Internasional PT Tbk (JK:MMIX) climbed 14.50%, or 95.00 points, to trade at 750.00 in late trade.

At the other end of the tape, Solusi Sinergi Digital Tbk PT (JK:WIFI) dropped 15.00% - a fall of 255.00 points - to finish at 1,445.00. Arkora Hydro Tbk PtT (JK:ARKO) was down 14.90%, losing 760.00 points to close at 4,340.00. Pacific Strategic Financial (JK:APIC) slid 14.88%, or 90.00 points, to end the session at 515.00.

Price milestones and lows/highs

The session also produced several notable price milestones. Shares of Solusi Sinergi Digital Tbk PT (JK:WIFI) fell to 52-week lows after the 15.00% decline to 1,445.00. Pacific Strategic Financial (JK:APIC) dropped to five-year lows following its 14.88% fall to 515.00. In contrast, Multi Medika Internasional PT Tbk (JK:MMIX) rose to an all-time high when it gained 14.50% to reach 750.00.

Commodities and currency moves

In commodities trading, crude oil for July delivery fell 1.40% - down $1.30 - to $91.74 a barrel. Brent oil for August delivery declined 1.17% - a drop of $1.11 - to $93.92 a barrel. The August Gold Futures contract moved lower by 0.27%, a decrease of $11.95, to trade at $4,493.05 a troy ounce.

On the currency front, USD/IDR rose 0.04% to 18,027.00, while AUD/IDR increased 0.02% to 12,856.41. The US Dollar Index Futures was down 0.18% at 99.21.


This market snapshot reflects the trading outcomes at Friday's close in Jakarta and the related commodity and currency levels reported alongside the equity moves.

Risks

  • Widespread selling pressure in key sectors - Infrastructure, Financials and Agriculture - could prolong market weakness and pressure related shares.
  • Sharp declines in individual financial names, exemplified by APIC's drop to a five-year low, highlight elevated downside risk within the Financials sector.
  • Volatility in commodities and currency pairs, such as declines in crude and Brent oil and moves in USD/IDR, may add uncertainty for market participants exposed to commodity-linked and FX-sensitive sectors.

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