Stock Markets March 30, 2026

Jakarta Index Inches Lower as Financials, Infrastructure and Agriculture Weigh on Market

IDX Composite slips 0.09% as select small-cap names post sharp gains and losses; oil and gold rise alongside firmer dollar

By Priya Menon
Jakarta Index Inches Lower as Financials, Infrastructure and Agriculture Weigh on Market

Indonesia's stock market closed modestly lower on Monday, with the IDX Composite Index down 0.09%. Losses in Financials, Infrastructure and Agriculture sectors dragged the benchmark lower, while several small-cap stocks recorded steep intraday moves in both directions. Crude and Brent oil advanced, gold rose, and the rupiah weakened versus the US dollar.

Key Points

  • The IDX Composite Index closed down 0.09% as losses in Financials, Infrastructure and Agriculture weighed on the market.
  • Market breadth favoured decliners with 473 falling stocks, 250 advancing and 140 unchanged on the Jakarta Stock Exchange.
  • Significant individual stock moves included GSMF up 34.44% to 121.00 and PTSN down 14.81% to 322.00; crude, Brent and gold all rose during the session.

Indonesia equities finished the trading day in Jakarta with a slight decline on Monday, as sector-level falls in Financials, Infrastructure and Agriculture contributed to a 0.09% drop in the IDX Composite Index at the close.

Market breadth favoured decliners: 473 stocks fell versus 250 that gained, while 140 issues ended unchanged on the Jakarta Stock Exchange.

Top gainers

  • Equity Development Investment (JK:GSMF) led the winners, jumping 34.44% or 31.00 points to close at 121.00.
  • Kian Santang Muliatama PT (JK:RGAS) rose 31.76% or 27.00 points to finish at 112.00.
  • Nusantara Almazia (JK:NZIA) gained 27.84% or 54.00 points to settle at 248.00 in late trade.

Largest decliners

  • Sat Nusapersada Tbk (JK:PTSN) fell 14.81% or 56.00 points to end the session at 322.00.
  • Fortune Mate Indonesia Tbk (JK:FMII) dropped 14.49% or 40.00 points to close at 236.00.
  • Hotel Fitra International Tbk PT (JK:FITT) lost 14.38% or 44.00 points to finish at 262.00.

Beyond equities, commodity prices were firmer. Crude oil for May delivery was up 2.01% or 2.00 to $101.64 a barrel. Brent oil for June delivery climbed 2.97% or 3.13 to $108.45 a barrel. Precious metals also strengthened, with the June Gold Futures contract rising 0.79% or 35.92 to trade at $4,560.22 a troy ounce.

In foreign exchange markets, USD/IDR was higher by 0.34% at 16,998.60, while AUD/IDR was slightly lower, down 0.07% to 11,643.25. The US Dollar Index Futures showed a modest gain of 0.13%, trading at 100.11.


The session reflected uneven sentiment across individual stocks and sectors: while certain small-cap names experienced rapid, large-percentage moves to the upside, other issuers recorded substantial declines, contributing to the overall negative tilt in the market. Commodity strength accompanied the equity moves, with both crude benchmarks and gold posting gains and the rupiah weakening against the US dollar.

Data points reported at the close provide a snapshot of market activity rather than explanations for underlying drivers; the balance of advancing versus declining issues and the listed commodity and FX moves are the factual record for the session.

Risks

  • Concentration of sector weakness in Financials, Infrastructure and Agriculture could continue to pressure related equity prices and market breadth.
  • Large percentage moves in small-cap names highlight volatility risk for investors in individual stocks.
  • Rising commodity prices and a firmer US dollar may affect inflation dynamics and currency-sensitive sectors, as evidenced by the weaker USD/IDR.

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