The Jakarta market finished the trading day with its benchmark index higher, as the IDX Composite rose 2.35% at the close of business on Friday. Gains were concentrated in the Infrastructure, Financials and Agriculture sectors, which collectively supported the move upward.
Market breadth favored advancing issues, with 509 stocks ending higher against 169 decliners and 145 unchanged on the Jakarta Stock Exchange.
Top and bottom performers
- PT Lini Imaji Kreasi Ecosystem Tbk (FUTR) led the session, jumping 34.97% - a gain of 57.00 points - to finish at 220.00 at the close.
- Electronic City Indonesia Tbk (ECII) gained 33.33% or 38.00 points to close at 152.00.
- Koka Indonesia PT (KOKA) advanced 30.00%, rising 30.00 points to end the day at 130.00 in late trade.
- Formosa Ingredient Factory PT Tbk (BOBA) was the session's weakest performer, falling 8.97% or 26.00 points to close at 264.00.
- Indonesian Paradise Property (INPP) declined 8.70% or 60.00 points to finish at 630.00.
- Bukit Darmo Property Tbk (BKDP) slipped 7.61%, down 7.00 points to 85.00.
Shares of Indonesian Paradise Property (INPP) fell to 52-week lows during the session, losing 8.70% to end at 630.00.
Commodities and currencies
- Crude oil for August delivery was down 0.66% or 0.45, trading at $68.24 a barrel.
- Brent oil for September delivery fell 0.50% or 0.36 to $71.44 a barrel.
- The August Gold Futures contract rose 1.76% or 72.55, to trade at $4,198.25 a troy ounce.
- USD/IDR was up 0.02% at 17,961.70.
- AUD/IDR rose 0.13% to 12,466.28.
- The US Dollar Index Futures was down 0.16% at 100.46.
Overall, the session showed broad participation on the upside with notable single-stock moves in both directions, while commodity and currency markets posted modest shifts that accompanied the equity advance.
Key points
- The IDX Composite closed up 2.35%, led by Infrastructure, Financials and Agriculture sectors.
- Market breadth was positive with 509 winners, 169 losers and 145 unchanged.
- Notable individual moves included large percentage gains for FUTR, ECII and KOKA and declines for BOBA, INPP and BKDP.
Risks and uncertainties
- Indonesian Paradise Property (INPP) dropped to a 52-week low, signaling downside risk for shareholders in that property name.
- Commodity price movements - including lower crude and Brent oil and a rise in gold futures - may affect energy and commodity-sensitive sectors.
- Modest currency fluctuations in USD/IDR and AUD/IDR could influence earnings and valuation dynamics for companies with foreign-currency exposure.