Jakarta, Indonesia - Indonesia's stock market finished Tuesday's session in negative territory, with the IDX Composite Index down 0.66% at the close of trade in Jakarta. Sector pressure came from Financials, Infrastructure and Agriculture, which collectively contributed to the market decline.
Market breadth favored decliners: 378 stocks fell versus 273 that advanced, and 187 issues finished unchanged on the Jakarta Stock Exchange.
Top performers
- Alakasa Industrindo Tbk (JK:ALKA) led gainers, jumping 24.73% or 340.00 points to finish at 1,715.00. The stock rose to an all-time high in the session.
- FKS Food Sejahtera Tbk PT (JK:AISA) advanced 25.71% or 27.00 points, closing at 132.00.
- Mitra Energi Persada Tbk PT (JK:KOPI) gained 23.71% or 46.00 points to end the day at 240.00.
Lagging names
- Puri Sentul Permai Tbk PT (JK:KDTN) was the weakest, sliding 14.89% or 56.00 points to close at 320.00.
- Maha Properti Indonesia Tbk PT (JK:MPRO) fell 14.56% or 2,100.00 points to end at 12,325.00.
- Lancartama Sejati Tbk (JK:TAMA) dropped 9.45% or 24.00 points to finish at 230.00.
Alakasa Industrindo's closing print of 1,715.00 marked a new record high for the company during the session, as noted above.
Commodities and currency moves
Commodity markets were softer in tandem with the Jakarta close. Crude oil for September delivery fell 2.86% or 2.36 to $80.25 a barrel. Brent crude for October delivery declined 3.00% or 2.58 to $83.29 a barrel. The August Gold Futures contract slipped 0.76% or 31.15 to trade at $4,045.85 a troy ounce.
On the currency front, USD/IDR rose 0.43% to 18,077.80 while AUD/IDR was up 0.07% at 12,589.63. The US Dollar Index Futures eased 0.03% to 101.36.
Market context and data points
The day's negative close for the IDX Composite reflected a modest broad-based decline rather than a concentrated drop in a single large-cap sector. While a handful of small- and mid-cap names recorded sizeable gains, the number of falling issues outpaced advancers by more than 100, reinforcing the downward push by the larger pool of decliners.
Investors should note the simultaneous weakening in oil benchmarks and the slight appreciation of the U.S. dollar against the rupiah, which were part of the wider market moves observed during the trading session.