Jakarta - Indonesia's main stock index ended Tuesday's session lower, with the IDX Composite slipping 2.67% by the close in Jakarta as several major sectors weighed on performance.
Sector declines were led by Infrastructure, Financials and Agriculture, which together pushed the headline index into negative territory at the end of trade.
The session's top individual performers were concentrated among smaller-cap issues. Panca Global Securities Tbk (JK:PEGE) posted the largest gain, rising 34.29% - an increase of 36.00 points - to finish at 141.00. Arkayana Lestari Grup Tbk PT (JK:AYLS) added 23.19%, or 32.00 points, to close at 170.00, while Magna Finance Tbk (JK:MGNA) climbed 18.75% - up 15.00 points - to end the day at 95.00.
On the reverse side, several stocks recorded steep drops. Sarana Meditama Metropolitan (JK:SAME) led decliners with a 14.90% fall, down 62.00 points to 354.00. Multi Medika Internasional PT Tbk (JK:MMIX) slid 14.84% - a loss of 95.00 points - to close at 545.00, and Panin Sekuritas Tbk (JK:PANS) fell 14.78%, or 275.00 points, ending at 1,585.00.
Market breadth was decisively negative on the Jakarta Stock Exchange, with 617 stocks closing lower, 123 advancing and 97 finishing unchanged.
Commodity prices were mixed during the session. Crude oil for August delivery eased 0.37% - down $0.26 - to $70.49 a barrel. Brent crude for September delivery slipped 0.26%, or $0.19, to $73.72 a barrel. Precious metals showed a small uptick, with the August Gold Futures contract gaining 0.04%, or $1.80, to trade at $4,040.70 a troy ounce.
Currency moves reflected some pressure on the rupiah. The USD/IDR exchange rate strengthened, rising 0.44% to 17,900.40. AUD/IDR also firmed, climbing 0.18% to 12,303.23. Meanwhile, the US Dollar Index Futures were up 0.25% at 101.13.
Investors assessing individual opportunities may note the pronounced moves in both directions among small- and mid-cap stocks. For example, the performance of Panin Sekuritas Tbk (JK:PANS) during the session may prompt questions about valuation; tools that aggregate multiple valuation models are one way market participants use to review a stock's relative standing.
Market snapshot:
- IDX Composite -2.67% at close in Jakarta
- Advancers: 123 | Decliners: 617 | Unchanged: 97
- Selected commodity prices: Brent $73.72/bbl, WTI $70.49/bbl, Gold $4,040.70/oz
- FX: USD/IDR 17,900.40; AUD/IDR 12,303.23; US Dollar Index Futures 101.13