Indonesia's stock market moved higher at the close on Wednesday, with the IDX Composite Index ending the trading session up 2.91% in Jakarta. Sector leadership came from Financials, Infrastructure and Agriculture, which collectively pushed the broader index into positive territory.
The session's strongest individual performers on the IDX Composite were Multitrend Indo Tbk PT (JK:BABY), which climbed 35.00% - a gain of 49.00 points - to finish at 189.00. First Media Tbk (JK:KBLV) also posted substantial gains, rising 34.85% or 23.00 points to close at 89.00. Multi Garam Utama Tbk PT (JK:FOLK) advanced 34.59% - up 55.00 points - to end the day at 214.00.
Not all stocks moved higher. The largest decliners included PT Ingria Pratama Capitalindo Tbk (JK:GRIA), which dropped 14.69% or 21.00 points to 122.00 at the close. PT Buana Artha Anugerah Tbk (JK:STAR) slipped 14.29% - down 52.00 points - to finish at 312.00, and Citra Tubindo Tbk (JK:CTBN) fell 12.20% or 775.00 points, closing at 5,575.00.
Market breadth favored advancing issues: 594 stocks rose, 160 declined and 101 were unchanged on the Jakarta Stock Exchange.
Commodity prices showed a mixed picture. Crude oil for July delivery increased 0.48% or 0.42, trading at $88.62 a barrel. Brent crude for August delivery rose 0.67% or 0.61 to $92.06 a barrel. By contrast, the August Gold Futures contract fell 2.14% or 91.60, settling at $4,194.80 a troy ounce.
Currency movements were modest. The USD/IDR exchange rate was up 0.11% at 17,936.30, while AUD/IDR fell 0.71% to 12,595.48. The US Dollar Index Futures was marginally lower, down 0.01% at 99.88.
Details above reflect closing-session prices and percentage changes reported for the day.