Indonesia's stock market closed higher on Tuesday, with the benchmark IDX Composite finishing the session up 1.02% as gains in Infrastructure, Agriculture and Basic Industry shares helped lift the market.
At the close in Jakarta, the IDX Composite Index recorded a 1.02% increase.
The day's top performers on the IDX Composite included Ace Oldfields PT (JK:KUAS), which jumped 29.67% or 27.00 points to end at 118.00. Nusantara Almazia (JK:NZIA) rose 28.79% or 38.00 points to finish at 170.00, and Dian Swastatika Sentosa Tbk (JK:DSSA) advanced 25.00% or 123.00 points to close at 615.00.
On the downside, several stocks posted steep losses. Triniti Dinamik PT Tbk (JK:TRUE) fell 15.00% or 15.00 points to close at 85.00. Pelayaran Nasional Ekalya Purnamasari PT (JK:ELPI) dropped 14.81% or 260.00 points to end at 1,495.00, and Pacific Strategic Financial (JK:APIC) slid 14.80% or 145.00 points to close at 835.00.
Market breadth was tilted toward decliners: falling issues outnumbered advancers on the Jakarta Stock Exchange by 414 to 287, while 157 stocks finished unchanged.
Notably, shares of Pacific Strategic Financial (JK:APIC) fell to three-year lows, declining 14.80% or 145.00 points to close at 835.00.
Commodities and currency movements that accompanied the trading session included lower crude prices and modest currency moves. Crude oil for July delivery was down 1.18% or 1.09 to $91.07 a barrel. Brent oil for August delivery fell 1.24% or 1.18 to $93.80 a barrel. By contrast, the August Gold Futures contract rose 1.22% or 54.87 to trade at $4,561.17 a troy ounce.
On the currency front, USD/IDR moved higher by 0.30% to 17,827.20, while AUD/IDR increased 0.22% to 12,809.99.
In U.S. futures trading, the US Dollar Index Futures was down 0.09% at 99.06, reflecting a modest pullback in the dollar against a basket of currencies at the time noted.
Summary: The Jakarta market closed the session higher with sector gains concentrated in Infrastructure, Agriculture and Basic Industry. Several small-cap names posted outsized gains, but overall breadth showed more decliners than advancers. Oil prices declined while gold and the Indonesian rupiah versus the dollar showed modest moves. Pacific Strategic Financial reached a three-year low during the session.
Key points
- IDX Composite rose 1.02% at Tuesday's close, supported by advances in Infrastructure, Agriculture and Basic Industry sectors.
- Top gains were recorded by KUAS (+29.67%), NZIA (+28.79%) and DSSA (+25.00%); largest declines included TRUE (-15.00%), ELPI (-14.81%) and APIC (-14.80%).
- Market breadth favored decliners, with 414 falling stocks, 287 advancing and 157 unchanged; APIC dropped to a three-year low.
Risks and uncertainties
- Market breadth remained weak despite the index gain - more stocks fell than rose, which may signal uneven participation across sectors.
- Significant single-stock volatility, including APIC's move to a three-year low and other double-digit swings, introduces company-specific downside risk, notably in the financial sector.
- Declines in crude oil prices may affect energy-related and basic industry segments that are sensitive to oil price movements.