Indonesia's benchmark stock gauge ended the trading day lower on Wednesday, with the IDX Composite finishing down 0.77% at the close in Jakarta. The downturn was led by declines in the Financials, Agriculture and Basic Industry sectors, which weighed on the overall market.
Top and bottom movers
Among individual stocks, Bank JTrust Indonesia Tbk PT (BCIC) registered the largest gain on the IDX Composite, jumping 35.00% to close at 135.00. Sinergi Inti Plastindo (ESIP) also posted a strong advance, adding 27.93% to end the session at 142.00. Aesler Grup Internasional Tbk Pt (RONY) rose 24.58% to finish at 1,115.00.
On the downside, Gihon Telekomunikasi Indonesia Tbk PT (GHON) led losses, sliding 14.81% to 1,985.00. Nusantara Almazia (NZIA) declined 13.30% to close at 189.00, while Bank Ina Perdana Tbk (BINA) fell 12.60% to 3,190.00.
Market breadth and notable price action
Decliners outnumbered advancers on the Jakarta Stock Exchange, with 411 stocks falling versus 282 gaining and 166 finishing unchanged. The session included a notable development for Bank Ina Perdana Tbk (BINA), whose shares fell to three-year lows, losing 12.60% or 460.00 to settle at 3,190.00.
Commodities and currencies
Commodities traded mixed alongside the equity sell-off. Crude oil for July delivery rose 0.38% to $76.34 a barrel, while Brent oil for August delivery gained 0.48% to $79.34 a barrel. By contrast, the August Gold Futures contract eased 0.26%, or 11.50, to trade at $4,342.90 a troy ounce.
On the currency front, USD/IDR strengthened 0.64% to 17,779.00, and AUD/IDR was up 0.17% to 12,520.91. The US Dollar Index Futures moved higher by 0.07% to 99.35.
Takeaway
Wednesday's session closed with the IDX Composite lower as sector losses outweighed gains among several smaller-cap stocks. Market breadth showed more decliners than advancers, and commodities and currency markets posted mixed moves during the trading day.