Stock Markets March 20, 2026 04:30 AM

Jakarta Benchmark Climbs 1.20% as Infrastructure, Financials and Agriculture Lead Gains

IDX Composite ends higher on robust single-stock moves while commodities and FX show mixed direction

By Derek Hwang ROCK

Indonesia's benchmark IDX Composite Index rose 1.20% at the close on Friday, propelled by strength in the Infrastructure, Financials and Agriculture sectors. A handful of individual stocks posted large percentage gains and losses, while oil, gold and currency pairs recorded modest moves in overseas trading.

Jakarta Benchmark Climbs 1.20% as Infrastructure, Financials and Agriculture Lead Gains
ROCK

Key Points

  • IDX Composite Index closed up 1.20%, supported by gains in Infrastructure, Financials and Agriculture sectors.
  • Top gainers included ROCK (+24.82%), JSPT (+24.70%) and LAPD (+19.48%); notable decliners were PSDN (-14.97%), FITT (-14.92%) and POOL (-14.86%).
  • Commodities and FX were mixed: WTI crude fell to $94.58/bbl, Brent to $107.85/bbl, gold futures rose to $4,723.19/oz, USD/IDR moved to 16,926.00 and AUD/IDR to 12,038.82.

Indonesia equities closed higher on Friday, with the IDX Composite Index registering a 1.20% gain at the end of trading in Jakarta. Sector-level advances in Infrastructure, Financials and Agriculture were cited as primary contributors to the broader market rise.

The session saw several notable individual movers. Rockfields Property Indonesia Pt (JK:ROCK) led gainers on the index, climbing 24.82% - a rise of 700.00 points - to finish at 3,520.00. Jakarta Setiabudi Internasional (JK:JSPT) followed, adding 24.70% or 310.00 points to close at 1,565.00. Leyand International Tbk (JK:LAPD) also posted a strong advance, up 19.48% or 15.00 points to end trading at 92.00.

Conversely, several issues recorded sharp declines. Prasidha Aneka Niaga Tbk (JK:PSDN) fell 14.97% - a drop of 28.00 points - to close at 159.00. Hotel Fitra International Tbk PT (JK:FITT) slipped 14.92% or 54.00 points to finish at 308.00, while Pool Advista Indonesia Tbk (JK:POOL) declined 14.86% or 11.00 points to end at 63.00.

On breadth, the market data reported that falling stocks outnumbered advancing ones on the Jakarta Stock Exchange by 0 to 0.


Global commodity and currency markets showed mixed movements during the same period. Crude oil for May delivery was down 1.02% or 0.97, settling at $94.58 a barrel. Brent oil for May delivery declined 0.74% or 0.80 to $107.85 a barrel. Precious metals moved higher, with the April Gold Futures contract up 2.55% or 117.49 to trade at $4,723.19 a troy ounce.

On the currency front, the USD/IDR exchange rate was reported up 0.66% to 16,926.00, while AUD/IDR rose 0.09% to 12,038.82. The US Dollar Index Futures was up 0.05% at 99.11.


These price moves reflect the end-of-week positioning in Jakarta and related market instruments. Sector-led gains in Infrastructure, Financials and Agriculture coincided with outsized performances by several small- and mid-cap stocks, while other listed companies experienced equally large reversals. Commodity benchmarks and FX rates moved in both directions, contributing to the broader market context observed at the close.

Risks

  • Large single-stock moves indicate elevated volatility among small- and mid-cap equities, affecting liquidity and short-term price stability in the Infrastructure, Financials and Agriculture-linked names.
  • Downward pressure on certain listed companies demonstrates company-specific downside risk that could influence sector sentiment, particularly in tourism-related and commodity-linked stocks.
  • Movements in crude oil, Brent and the US dollar introduce external price and currency risks that can feed through to Indonesia-listed firms with exposure to energy costs or dollar-denominated liabilities.

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