Indonesia's benchmark equity index ended the trading day in Jakarta lower on Tuesday, with the IDX Composite giving up 0.25% at the close.
Selling pressure was concentrated in Financials, Agriculture and Basic Industry, which together accounted for the sectors that led the market down. On the exchange, decliners outnumbered advancers by a margin of 429 to 298, while 118 stocks finished unchanged, underscoring a session in which losses were more widespread than gains.
Despite the negative breadth, a small set of listings posted strong gains. Leading the session was PT Jasa Berdikari Logistics Tbk (LAJU), which surged 34.83% - a rise of 31.00 points - to close at 120.00. PT Buana Artha Anugerah Tbk (STAR) also recorded a substantial advance, adding 25.00% or 125.00 points to finish at 625.00. Indal Aluminium Industry Tbk (INAI) rose 24.79% or 58.00 points to end the day at 292.00.
Those rallies included notable intraday price milestones: shares of PT Jasa Berdikari Logistics Tbk climbed to 52-week highs; PT Buana Artha Anugerah Tbk reached an all-time high; and Indal Aluminium Industry Tbk posted a three-year high at the session close.
On the downside, a group of names suffered steep declines. PT Royaltama Mulia Kontraktorindo Tbk (RMKO) slid 14.92% - down 270.00 points - to 1,540.00 at the close. Inter-Delta Tbk (INTD) fell 14.84% or 54.00 points to 310.00, and Sunson Textile Manufacturer (SSTM) dropped 14.81% or 570.00 points to 3,280.00.
Outside equities, several commodity and currency indicators moved modestly. Crude oil for March delivery declined 0.69% or 0.42 to trade at $60.21 a barrel. Brent oil for April delivery lost 0.77% or 0.50 to $64.27 a barrel. The April Gold Futures contract slipped 0.20% or 10.16 to trade at $5,112.14 a troy ounce. In currency markets, USD/IDR was up 0.23% at 16,753.30 while AUD/IDR eased 0.14% to 11,580.43. The US Dollar Index Futures advanced 0.21% to 97.06.
The market's mixture of concentrated winners and broader losses left the IDX Composite lower overall, with sectoral weakness in Financials, Agriculture and Basic Industry cited as the primary drivers of the down day. The session's large percentage moves in individual stocks contrasted with the more muted move in the headline index.
Market context: The session displayed a divergence between a small cluster of strong-performing small- to mid-cap names and a larger group of decliners, while commodity and currency markets registered modest moves in oil, gold and the rupiah.