Indonesia's stock market finished higher on Thursday, with the IDX Composite Index closing up 0.84% in Jakarta. Sector-level strength in Infrastructure, Financials and Agriculture underpinned the session's advance.
Certain individual issues recorded steep percentage moves. The session's top performer was First Media Tbk (JK:KBLV), which surged 32.94% - a gain of 28.00 points - to finish at 113.00. Citatah Tbk (JK:CTTH) also posted a strong advance, climbing 30.28% or 33.00 points to close at 142.00. Prasidha Aneka Niaga Tbk (JK:PSDN) rose 26.61% - up 29.00 points - to end the day at 138.00.
Not all names participated in the rally. Bekasi Asri Pemula Tbk (JK:BAPA) was the weakest on the board, falling 14.74% or 46.00 points to close at 266.00. Indal Aluminium Industry Tbk (JK:INAI) declined 10.06% or 18.00 points to 161.00, while Singaraja Putra (JK:SINI) dropped 9.81% - a decrease of 650.00 points - to finish at 5,975.00.
Breadth favored advancing issues, with 364 stocks higher versus 272 decliners on the Jakarta Stock Exchange; 197 stocks were unchanged.
Commodities traded lower during the session. Crude oil for August delivery fell 0.29% - down 0.23 - to $79.37 a barrel. Brent crude for September delivery slipped 0.72% or 0.61 to $84.34 a barrel. Precious metals also eased, with the August Gold Futures contract down 0.35% - a drop of 14.28 - to trade at $4,037.52 a troy ounce.
Currency moves were modest. The Indonesian rupiah strengthened versus the U.S. dollar, with USD/IDR down 0.18% to 17,989.00. The Australian dollar also fell against the rupiah, with AUD/IDR down 0.56% to 12,582.31. The US Dollar Index Futures was up 0.05% at 100.32.
Market takeaways
- IDX Composite closed higher by 0.84% on Thursday, supported by Infrastructure, Financials and Agriculture names.
- Several mid- and small-cap stocks recorded very large intraday percentage changes, both positive and negative, reflecting concentrated moves in a subset of the market.
- Global commodity prices and key FX rates moved modestly lower for oil and gold, while the rupiah strengthened slightly against the dollar.
The market's advance and the day's notable individual stock swings illustrate selective buying interest concentrated in particular sectors and securities, while commodity and currency shifts remained relatively contained.