Jakarta - Indonesian stocks finished the session lower on Friday, with the benchmark IDX Composite falling 0.29% at the close as the Infrastructure, Financials and Agriculture sectors led downward pressure.
By the close in Jakarta, the IDX Composite Index had declined 0.29%.
Among individual stocks, Bukit Darmo Property Tbk (JK:BKDP) recorded the largest gain of the day, climbing 33.77% - a rise of 26.00 points - to finish at 103.00. Perdana Bangun Pusaka Tbk PT (JK:KONI) also posted a strong performance, adding 25.00% or 580.00 points to close at 2,900.00. Wijaya Cahaya Timber PT (JK:FWCT) rose 21.79%, up 17.00 points to 95.00 at the close.
On the downside, Niramas Utama Tbk PT (JK:JELI) led losses with a 14.81% drop, down 260.00 points to trade at 1,495.00 at the close. Bekasi Asri Pemula Tbk (JK:BAPA) fell 14.55%, a decline of 48.00 points to end at 282.00, while Sekar Bumi Tbk (JK:SKBM) slipped 13.97% or 95.00 points to close at 585.00.
Market breadth was tilted toward advancing issues on the Jakarta Stock Exchange, where 358 stocks rose and 273 declined; 197 issues finished unchanged.
In commodities trading, crude oil for August delivery traded lower, down 0.58% or 0.42 to $71.66 a barrel. Brent oil for September delivery fell 0.55% or 0.42 to $75.88 a barrel. Precious metals were also weaker, with the August Gold Futures contract down 0.67% or 27.88 to $4,112.92 a troy ounce.
Foreign exchange moves were modest. USD/IDR was down 0.28% at 18,045.30, while AUD/IDR eased 0.05% to 12,533.02. The U.S. Dollar Index Futures was down 0.05% at 100.64.
Market context and implications
The session combined relatively modest overall index weakness with outsized percentage moves in several individual names. Small- and mid-cap stocks produced some of the largest intraday gains and losses, while major commodity prices posted small declines that coincided with the broader market dip. Market breadth showing more advancers than decliners indicates that the index fall reflected concentrated weakness rather than an across-the-board sell-off.
Data snapshot
- IDX Composite -0.29% at close
- Top gainers: BKDP +33.77% to 103.00; KONI +25.00% to 2,900.00; FWCT +21.79% to 95.00
- Top losers: JELI -14.81% to 1,495.00; BAPA -14.55% to 282.00; SKBM -13.97% to 585.00
- Advancers/Decliners/Unchanged: 358 / 273 / 197
- Crude (Aug) $71.66 -0.58% | Brent (Sep) $75.88 -0.55% | Gold (Aug) $4,112.92 -0.67%
- FX: USD/IDR 18,045.30 -0.28% | AUD/IDR 12,533.02 -0.05% | USD Index Futures 100.64 -0.05%
The session's price action suggests selective strength in a handful of smaller names, while sector-level weakness in Infrastructure, Financials and Agriculture weighed on the overall index performance. Commodity and currency moves were modest and aligned with the narrow decline in equities.