Jakarta - Indonesia's main stock gauge ended the trading day lower on Monday, with sector declines in Financials, Infrastructure and Agriculture driving the index down.
At the close in Jakarta, the IDX Composite Index declined 0.23%.
Market leaders and laggards
The session saw a mix of dramatic winners and losers. The biggest risers on the IDX Composite Index were Jaya Konstruksi Manggala Pratama (JK:JKON), which climbed 34.85% - a 23.00-point increase - to finish at 89.00. Mitra Investindo Tbk (JK:MITI) advanced 34.57% or 56.00 points to end the day at 218.00, and Tempo Inti Media Tbk (JK:TMPO) rose 34.51% or 39.00 points to close at 152.00.
On the downside, Transcoal Pacific Tbk PT (JK:TCPI) fell 11.49% - a drop of 580.00 points - to trade at 4,470.00 at the close. Indika Energy Tbk (JK:INDY) declined 11.03% or 290.00 points to finish at 2,340.00, while Optima Prima Metal Sinergi (JK:OPMS) was down 9.23% or 12.00 points to 118.00.
Notably, shares of Transcoal Pacific Tbk PT (JK:TCPI) moved to 5-year lows, falling 11.49% or 580.00 to 4,470.00.
Market breadth
Decliners outpaced advancers on the Jakarta Stock Exchange by 376 to 284, with 171 stocks unchanged.
Commodities and currencies
Commodity markets were mixed, with crude oil prices slipping. Crude oil for September delivery fell 5.81% or 4.92 to $79.75 a barrel. Brent oil for October delivery dropped 4.64% or 4.08 to $83.85 a barrel. In precious metals, the December Gold Futures contract inched up 0.11% or 4.65 to trade at $4,111.65 a troy ounce.
FX movers included the Indonesian rupiah trading lower against major currencies. USD/IDR was down 0.18% at 17,977.80, while AUD/IDR fell 0.15% to 12,611.99. The US Dollar Index Futures was down 0.10% at 99.69.
Implications
The trading day highlighted divergence between outsized moves in select small-cap listings and broader sector weakness led by Financials, Infrastructure and Agriculture. Energy-linked names recorded notable declines alongside softer oil prices.
Investors monitoring market breadth and commodity price movements may view today’s session as evidence of uneven participation across sectors.