The Indonesian equity market experienced a downturn Friday as share prices retreated, culminating in the IDX Composite Index closing 0.70% lower. The declines were primarily driven by weakening performance in several key sectors, notably Financials, Infrastructure, and Agriculture.
At the close of trading in Jakarta, the index fell with a broad distribution of losers outweighing gainers. Specifically, 560 stocks decreased while 189 advanced, and 93 remained stable.
Among the day's top performers, Langgeng Makmur Industri Tbk (JK:LMPI) surged 34.67%, gaining 52 points to finish at 202.00. Rohartindo Nusantara Luas Tbk Pt (JK:TOOL) also posted a strong performance, climbing 32.35% and ending at 90.00. Meanwhile, Bersama Mencapai Puncak PT Tbk (JK:BAIK) closed at an all-time high, increasing 24.62% to reach 324.00.
Conversely, the most notable losers were Pt Pakuan Tbk (JK:UANG), declining 15.00% to close at 6,375.00, Kioson Komersial Indonesia Tbk PT (JK:KIOS) which dropped 14.95% finishing at 165.00, and Petrosea Tbk (JK:PTRO) that slid 14.85% to end at 9,175.00.
The session underscored sector-specific challenges with Financials, Infrastructure, and Agriculture stocks exerting downward pressure on the broader market index.
In commodities, oil prices registered modest gains. March crude oil advanced 0.99% to $59.95 per barrel, while Brent crude for March delivery rose 0.92%, reaching $64.65 per barrel. Gold futures for February saw a slight increase of 0.15%, trading at $4,920.99 per troy ounce.
In currency markets, the Indonesian rupiah weakened against major currencies, with the USD/IDR pair slipping 0.42% to 16,808.30, and AUD/IDR down 0.40% to 11,499.78. The US Dollar Index Futures edged up 0.05% to end at 98.22.