Indonesia's stock market ended Thursday with notable weakness, the benchmark IDX Composite Index dropping 3.15% and registering a fresh 52-week low at the close in Jakarta. The session's downturn was broad-based, with the Infrastructure, Financials and Agriculture sectors among those contributing to the decline.
Advancing issues were heavily outnumbered by losers on the exchange. By the close, 699 stocks had fallen, 90 had advanced and 68 finished unchanged.
Top gainers included Satria Mega Kencana Tbk PT (JK:SOTS), which rose 25.00% or 175.00 points to end at 875.00. Champ Resto Indonesia PT (JK:ENAK) gained 24.62% or 64.00 points to finish at 324.00, while Formosa Ingredient Factory PT Tbk (JK:BOBA) increased 23.62% or 60.00 points to close at 314.00.
Largest decliners on the session were Aviana Sinar Abadi PT Tbk (JK:IRSX), down 15.00% or 66.00 points to 374.00; Bukaka Teknik Utama Tbk Pt (JK:BUKK), which fell 15.00% or 150.00 points to 850.00; and Energi Mega Persada Tbk (JK:ENRG), slipping 14.98% or 215.00 points to end at 1,220.00.
Commodity markets moved lower during the session. Crude oil for July delivery dropped 5.38% or 5.62 to trade at $98.76 a barrel. Brent for July settlement fell 5.96% or 6.68 to $105.42 a barrel. Gold futures for June were also weaker, down 0.47% or 21.33 to $4,536.67 a troy ounce.
On the foreign exchange front, the USD/IDR pair rose 0.32% to 17,641.60, while AUD/IDR eased 0.04% to 12,579.12. The U.S. Dollar Index Futures was marginally lower, down 0.05% at 99.06.
The market's breadth and the session's size of individual stock moves underscore a volatile trading day, with notable pressure concentrated in infrastructure-related names and energy exposure among the heaviest decliners. Other sectors, including Financials and Agriculture, also contributed to the downward momentum.
Data snapshot
- IDX Composite Index: -3.15%; new 52-week low.
- Winners: JK:SOTS +25.00% to 875.00; JK:ENAK +24.62% to 324.00; JK:BOBA +23.62% to 314.00.
- Losers: JK:IRSX -15.00% to 374.00; JK:BUKK -15.00% to 850.00; JK:ENRG -14.98% to 1,220.00.
- Commodities: Crude (Jul) $98.76 (-5.38%); Brent (Jul) $105.42 (-5.96%); Gold (Jun) $4,536.67 (-0.47%).
- FX: USD/IDR 17,641.60 (+0.32%); AUD/IDR 12,579.12 (-0.04%); US Dollar Index Futures 99.06 (-0.05%).