Indonesia's stock market finished sharply lower on Monday, with the IDX Composite Index dropping 4.58% to close at a fresh five-year low. Broad weakness across the Infrastructure, Financials and Agriculture sectors was cited as a major driver of the downward move.
The session's largest gainers on the IDX Composite included PT Ingria Pratama Capitalindo Tbk (GRIA), which climbed 28.79% - a rise of 38.00 points - to finish at 170.00. Asia Pramulia Tbk PT (ASPR) advanced 25.37% or 34.00 points, ending the day at 168.00. PT Indo American Seafoods Tbk (ISEA) also posted a strong gain, rising 22.81% or 13.00 points to close at 70.00.
On the downside, Sejahteraraya Anugrahjaya Tbk (SRAJ) led losses with a 15.00% decline, sliding 1,800.00 points to 10,200.00 at the close. Geoprima Solusi Tbk PT (GPSO) fell 14.98% or 62.00 points to end at 352.00, while Provident Agro Tbk (PALM) dropped 14.94% or 46.00 points to close at 262.00.
Market breadth was heavily negative. Falling issues outnumbered advancing ones by 728 to 68 on the Jakarta Stock Exchange, with a further 62 stocks finishing unchanged.
Notable price extremes were recorded for two stocks: shares of PT Ingria Pratama Capitalindo Tbk (GRIA) rose to a 52-week high, gaining 28.79% or 38.00 to finish at 170.00. By contrast, Provident Agro Tbk (PALM) declined to a five-year low, slipping 14.94% or 46.00 to close at 262.00.
Commodities moved mixed during the session. Crude oil for July delivery rose 4.51%, up 4.08, to trade at $94.62 a barrel. Brent oil for August delivery increased 4.60%, or 4.28, to $97.37 a barrel. Precious metals were weaker, with the August Gold Futures contract falling 1.23% or 53.85 to trade at $4,311.45 a troy ounce.
Currency and index moves accompanying the session included USD/IDR rising 0.99% to 18,184.70 and AUD/IDR increasing 1.04% to 12,819.74. The US Dollar Index Futures was up 0.02% at 100.07.
The market close left investors with a clear picture of broad selling pressure across key sectors, while oil prices posted notable gains and gold retreated.