Jakarta equities ended the trading day in negative territory on Monday, with the benchmark IDX Composite Index dropping 0.84% to close at a new six-month low. Selling pressure concentrated in the Financials, Agriculture and Basic Industry sectors pushed the broader market lower.
Market breadth favored decliners as 483 issues fell versus 248 that advanced; 129 stocks finished unchanged on the Jakarta Stock Exchange.
The session's top gainers included PT UBC Medical Indonesia Tbk (JK:LABS), which surged 34.16% - a rise of 55.00 points - to finish at 216.00. Dua Putra Utama Makmur PT (JK:DPUM) added 30.00% or 45.00 points to end at 195.00, while Alfa Energi Investama Tbk PT (JK:FIRE) rallied 23.53% or 32.00 points to close at 168.00. PT UBC Medical Indonesia Tbk's (JK:LABS) share price moved to an all-time high during the session.
On the downside, Asia Pramulia Tbk PT (JK:ASPR) led losses with a 14.91% decline - down 68.00 points - to 388.00 at the close. Sillo Maritime Perdana Tbk PT (JK:SHIP) slipped 14.90% or 520.00 points to finish at 2,970.00, and Tunas Alfin Tbk (JK:TALF) fell 14.61% or 130.00 points to close at 760.00.
Outside equities, energy and precious metals moved in opposite directions. Crude oil for June delivery rose 2.10% - up $2.00 - to $97.42 a barrel. Brent oil for July delivery increased 2.47% or $2.50 to $103.79 a barrel. By contrast, the June Gold Futures contract declined 1.06% or $50.26, trading at $4,680.44 a troy ounce.
Foreign exchange and index futures showed modest moves. USD/IDR climbed 0.40% to 17,408.90 while AUD/IDR increased 0.27% to 12,610.07. The US Dollar Index Futures was up 0.03%, quoted at 97.82.
What to watch going forward - the session highlighted a concentrated pattern of large single-stock moves amid broader weakness. A small set of names recorded double-digit gains, while several companies across shipping and consumer-related segments recorded double-digit losses. At the index level, the 0.84% drop to a six-month low underscored the near-term tone in the market.
Investors may continue to monitor sector performance and the interplay between commodity price moves and currency dynamics as they assess market direction in coming sessions.