Indonesian equities closed higher on Wednesday as sector-level gains in Infrastructure, Financials and Agriculture powered a broad advance across the exchange. The IDX Composite Index ended the session up 2.17% in Jakarta.
At the individual stock level, the session featured sizeable winners and notable decliners. Ginting Jaya Energi (JK:WOWS) led the gainers, rising 32.14% - an increase of 18.00 points - to finish at 74.00. Ever Shine Textile Industry (JK:ESTI) added 32.52%, or 40.00 points, closing at 163.00. Island Concepts Indonesia Tbk (JK:ICON) climbed 26.36%, up 29.00 points to 139.00 in late trade.
On the downside, Rockfields Property Indonesia Pt (JK:ROCK) was the session's heaviest fall, declining 14.77% or 520.00 points to close at 3,000.00. Alakasa Industrindo Tbk (JK:ALKA) slipped 13.84%, down 110.00 points to 685.00, and Nusantara Almazia (JK:NZIA) lost 13.50% or 22.00 points to end at 141.00.
Market breadth favoured advancers, with 585 stocks rising, 202 declining and 77 finishing unchanged on the Jakarta Stock Exchange.
Island Concepts Indonesia Tbk (JK:ICON) also recorded a multi-year milestone during the session, rising to 5-year highs as it closed at 139.00, a gain of 26.36% or 29.00 points.
Commodities and foreign exchange showed mixed moves alongside equity gains. Crude oil for May delivery fell 5.63%, or 5.20, to $87.15 a barrel. Brent oil for June delivery declined 5.69%, or 5.70, to $94.53 a barrel. Precious metals moved in the opposite direction, with the June Gold Futures contract rising 3.71%, or 164.60, to trade at $4,598.70 a troy ounce.
Currency pairs involving the Indonesian rupiah moved modestly. USD/IDR was up 0.04% at 16,887.20, while AUD/IDR fell 0.52% to 11,809.10. The US Dollar Index Futures was down 0.25% at 98.99.
The session combined strong sector-level momentum in key domestic areas with sharp moves in several individual stocks and notable shifts in commodity and currency markets. The trading day was characterized by clear winners and losers among individual listings while overall market direction was positive.