Indonesia's equity market ended the trading day in negative territory on Thursday, with the IDX Composite Index down 1.21% at the close in Jakarta. Sector losses were led by Financials, Infrastructure and Agriculture, which together contributed to the overall market decline.
Market breadth was tilted heavily to the downside. On the Jakarta Stock Exchange, 508 stocks fell, 173 advanced and 150 finished unchanged.
Top gainers
- Bhuwanatala Indah Permai Tbk (JK:BIPP) was the session's strongest performer, jumping 33.85% (22.00 points) to finish at 87.00.
- Sidomulyo Selaras Tbk (JK:SDMU) climbed 28.09% (25.00 points) to close the session at 114.00.
- Bakrie Sumatera Plantations (JK:UNSP) gained 25.00% (64.00 points), ending at 320.00.
Largest decliners
- MNC Studios International Tbk PT (JK:MSIN) fell 14.88% (36.00 points) to 206.00 at the close.
- Global Mediacom Tbk (JK:BMTR) lost 14.68% (16.00 points) to end at 93.00.
- Steady Safe TBK PT (JK:SAFE) declined 14.62% (125.00 points) to finish at 730.00.
Two stocks reached notable low points during the session. Shares of MNC Studios International Tbk PT (JK:MSIN) fell to five-year lows, closing at 206.00 after the 14.88% drop. Global Mediacom Tbk (JK:BMTR) slid to all-time lows, finishing at 93.00 following its 14.68% decline.
Commodities moved notably alongside local equities. Crude oil for November delivery rose 2.65% (2.44) to $94.60 a barrel. Brent oil for November delivery increased 2.95% (3.04) to $106.12 a barrel. In precious metals, the December Gold Futures contract fell 0.47% (20.35) and traded at $4,298.05 a troy ounce.
Currency markets showed the rupiah weakening against several majors. USD/IDR moved higher by 0.59% to 17,900.50, while AUD/IDR rose 0.49% to 12,582.04. The US Dollar Index Futures was up 0.05% at 100.86.
Market context and observations
The session marked a clear divergence between a handful of sharp winners and a broader swath of losers across the exchange. Financials, Infrastructure and Agriculture sectors were explicitly identified as drivers of the negative close. At the same time, several smaller-cap issues posted outsized percentage gains, which contrasted with more pronounced declines in media- and studio-related names.
Data limitations: the report reflects movements and levels as presented at the close; it does not provide intraday volumes, market-cap weights, or broader macro drivers beyond the commodity and currency moves cited.