Stock Markets June 29, 2026 04:30 AM

Jakarta Shares Slip as Infrastructure, Financials and Agriculture Retreat

IDX Composite drops 1.57% as market breadth turns negative; mixed moves in oil, gold and local FX

By Avery Klein
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ASPI

Indonesia's stock market closed lower on Monday, with the IDX Composite Index sliding 1.57% as losses in Infrastructure, Financials and Agriculture weighed on the session. Market breadth favored decliners, while commodities and currency pairs saw mixed moves: crude and Brent oil rose, gold futures fell, and the rupiah strengthened slightly versus the dollar.

Jakarta Shares Slip as Infrastructure, Financials and Agriculture Retreat
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Key Points

  • The IDX Composite Index closed down 1.57%, led by losses in Infrastructure, Financials and Agriculture sectors.
  • Market breadth was negative: 503 decliners versus 196 advancers, with 155 stocks unchanged.
  • Commodities and FX were mixed - WTI and Brent crude rose, gold futures fell, USD/IDR and AUD/IDR both ticked lower.

Indonesia's equity benchmark closed in negative territory on Monday, with the IDX Composite Index down 1.57% at the Jakarta close. Broad sector weakness in Infrastructure, Financials and Agriculture contributed to the decline, leaving more stocks falling than rising by the end of trading.

The session's strongest performers included Indo Oil Perkasa PT (JK:OILS), which surged 30.12% - gaining 50.00 points to finish at 216.00. Andalan Sakti Primaindo PT (JK:ASPI) climbed 23.61%, adding 68.00 points to close at 356.00, while Arkayana Lestari Grup Tbk PT (JK:AYLS) advanced 22.03% or 26.00 points to trade at 144.00 at the close.

On the downside, Pelayaran Nasional Bina Buana Raya (JK:BBRM) led losses, sliding 14.84% or 19.00 points to end the session at 109.00. Geoprima Solusi Tbk PT (JK:GPSO) fell 14.71% - down 60.00 points to 348.00, and Trimegah Karya Pratama Tbk PT (JK:UVCR) dropped 14.56%, losing 23.00 points to trade at 135.00 in late trade.

Market breadth was decisively negative. Falling issues outnumbered advancing ones on the Jakarta Stock Exchange by 503 to 196, while 155 stocks finished unchanged.

Commodity markets displayed mixed directional moves. Crude oil for August delivery rose 1.36% - up 0.94 to $70.17 a barrel, and Brent oil for September delivery increased 1.07% or 0.78 to $73.38 a barrel. By contrast, the August Gold Futures contract declined 0.45% or 18.43, settling at $4,077.87 a troy ounce.

Foreign-exchange rates showed modest shifts. USD/IDR moved down 0.04% to 17,850.40, while AUD/IDR fell 0.44% to 12,295.33. The US Dollar Index Futures was lower by 0.08% at 101.05.


Contextual note - The trading day featured concentrated moves in individual listings, with several names posting large percentage gains or declines, while headline indices and key commodity and currency benchmarks registered modest to moderate changes.

Data recap:

  • IDX Composite Index -1.57% at close.
  • Top gainers: OILS +30.12% (216.00), ASPI +23.61% (356.00), AYLS +22.03% (144.00).
  • Top losers: BBRM -14.84% (109.00), GPSO -14.71% (348.00), UVCR -14.56% (135.00).
  • Market breadth: 503 decliners, 196 advancers, 155 unchanged.
  • Commodities: WTI crude (Aug) $70.17 (+1.36%), Brent (Sep) $73.38 (+1.07%), Gold (Aug) $4,077.87 (-0.45%).
  • FX: USD/IDR 17,850.40 (-0.04%), AUD/IDR 12,295.33 (-0.44%), US Dollar Index Futures 101.05 (-0.08%).

No forward-looking commentary or causal attribution beyond the session's reported moves is provided in the available data.

Risks

  • Concentrated declines in Infrastructure, Financials and Agriculture indicate sector-specific pressure that could continue to influence related stocks.
  • Large single-stock moves among both gainers and losers contribute to volatility across the exchange, increasing short-term market uncertainty.
  • Shifts in commodities (rising crude, falling gold) and modest currency moves may create headwinds or variability for commodity-linked and FX-sensitive sectors.

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