Indonesia's stock market closed in negative territory on Thursday, led by sector declines and wide market breadth losses. At the Jakarta close the IDX Composite fell 1.31%.
Market movers
The session saw a number of pronounced share-price moves among individual listings. The top performers on the IDX Composite were Mnc Sky Vision Tbk (JK:MSKY), which gained 34.62% or 27.00 points to finish at 105.00; Ifishdeco PT (JK:IFSH), which rose 25.00% or 400.00 points to end at 2,000.00; and PT Buana Artha Anugerah Tbk (JK:STAR), which advanced 24.41% or 155.00 points to close at 790.00.
Conversely, the heaviest losses were recorded by Pelayaran Nasional Ekalya Purnamasari PT (JK:ELPI), down 14.96% or 350.00 points to 1,990.00; Indospring Tbk (JK:INDS), which fell 14.95% or 225.00 points to 1,280.00; and Sekar Bumi Tbk (JK:SKBM), which declined 14.88% or 180.00 points to 1,030.00.
Sectors and breadth
The session was weighed by losses in the Infrastructure, Financials and Agriculture sectors. On the Jakarta Stock Exchange, declining stocks outnumbered advancers by a wide margin - 596 falling issues versus 145 rising ones - while 118 stocks finished unchanged.
Notably, shares of PT Buana Artha Anugerah Tbk (JK:STAR) moved to an all-time high during the session, closing up 24.41% at 790.00.
Commodities and currencies
Commodity prices were mixed across key benchmarks. Crude oil for April delivery rose 0.11% or 0.07 to $65.49 a barrel. Brent oil for May delivery increased 0.14% or 0.10 to $70.79 a barrel. The April Gold Futures contract fell 0.67% or 35.16 to trade at $5,191.04 a troy ounce.
On the currency front, USD/IDR was up 0.03% at 16,771.30, while AUD/IDR slipped 0.30% to 11,917.00. The US Dollar Index Futures was up 0.01% at 97.63.
Implications
Thursday's trading left the benchmark lower for the session with notable volatility at the individual-stock level, as several names posted double-digit percentage moves in both directions. Market breadth was distinctly negative, and select sectors - specifically Infrastructure, Financials and Agriculture - registered the largest downward pressure on the index.