Indonesia's equity market finished lower on Tuesday, with the IDX Composite Index closing down 0.53% in Jakarta after sectoral declines led the session.
Market movers
At the close, the largest percentage gains among listed names included Megapower Makmur TBK PT (JK:MPOW), which surged 31.25% or 30.00 points to settle at 126.00. PT Royaltama Mulia Kontraktorindo Tbk (JK:RMKO) advanced 25.00% or 145.00 points to finish at 725.00, and Humpuss Maritim Internasional Tbk PT (JK:HUMI) rose 21.57% or 44.00 points to end the day at 248.00.
On the downside, Supra Boga Lestari Tbk (JK:RANC) led losses after falling 14.89% or 105.00 points to close at 600.00. Satria Mega Kencana Tbk PT (JK:SOTS) slipped 14.88% or 160.00 points to 915.00, and Indospring Tbk (JK:INDS) declined 14.84% or 190.00 points to trade at 1,090.00 at the session close.
Breadth and participation
Falling issues outnumbered advancing ones on the Jakarta Stock Exchange by 378 to 346, while 135 stocks finished unchanged, indicating negative breadth for the trading day.
Commodities and currencies
Energy and precious metals also moved notably during the session. Crude oil for April delivery increased 3.40% or 2.42 to $73.65 a barrel. Brent oil for May delivery rose 3.47% or 2.70 to $80.44 a barrel. The April Gold Futures contract ticked up 0.10% or 5.24 to trade at $5,316.84 a troy ounce.
Currency markets showed the US dollar strengthening against the rupiah and the Australian dollar. USD/IDR rose 0.43% to 16,884.20, while AUD/IDR declined 0.38% to 11,911.43. The US Dollar Index Futures was up 0.61% at 98.94.
Takeaway
The session closed with the benchmark down modestly amid sector-specific weakness and mixed signals from commodities and the currency complex. Market breadth favored decliners, and single-stock volatility produced both sharp winners and heavy losers before the close.