Stock Markets May 4, 2026 04:30 AM

Jakarta Shares Inch Higher at Close as Infrastructure and Basic Industry Stocks Lead Gains

IDX Composite posts a modest 0.08% advance while commodity prices and FX rates move mixed ahead of the next session

By Jordan Park
Jakarta Shares Inch Higher at Close as Infrastructure and Basic Industry Stocks Lead Gains

Indonesia's benchmark IDX Composite finished marginally higher on Monday, led by advances in Infrastructure, Agriculture and Basic Industry segments. Market breadth was mixed with slightly more decliners than advancers. Commodity and currency markets showed divergent moves, with oil prices climbing and gold futures slipping.

Key Points

  • IDX Composite Index rose 0.08% at the close, supported by Infrastructure, Agriculture and Basic Industry sectors.
  • Top gainers were JK:BCIP (+34.85% to 89.00), JK:FWCT (+34.83% to 120.00) and JK:ZONE (+24.71% to 424.00); top losers included JK:TOOL (-14.00% to 86.00), JK:ASDM (-14.63% to 525.00) and JK:SDMU (-12.70% to 110.00).
  • Commodity and FX moves were mixed - crude and Brent oil rose, gold futures declined, USD/IDR and AUD/IDR both strengthened, and the US Dollar Index Futures was up.

Jakarta - Indonesia's stock market closed slightly in the green on Monday, with the IDX Composite Index finishing up 0.08% at the end of trading as gains in the Infrastructure, Agriculture and Basic Industry sectors supported the move higher.

The session's top performers included Bumi Citra Permai Tbk (JK:BCIP), which surged 34.85% - a rise of 23.00 points - to end at 89.00. Wijaya Cahaya Timber PT (JK:FWCT) followed closely, adding 34.83% or 31.00 points to close at 120.00. Mega Perintis Tbk PT (JK:ZONE) also posted notable gains, increasing 24.71% or 84.00 points to finish the day at 424.00.

On the downside, Rohartindo Nusantara Luas Tbk Pt (JK:TOOL) led decliners after falling 14.00% - a drop of 14.00 points - to 86.00 at the close. Asuransi Dayin Mitra Tbk (JK:ASDM) declined 14.63% or 90.00 points to end at 525.00, and Sidomulyo Selaras Tbk (JK:SDMU) slipped 12.70% or 16.00 points to close at 110.00.

Market breadth on the Jakarta Stock Exchange was mixed, with 381 issues falling versus 361 advancing, while 119 stocks finished unchanged.


Commodities showed a varied picture during the session. Crude oil for June delivery rose 1.68%, gaining 1.71 to trade at $103.65 a barrel. Brent crude for July delivery also increased, up 1.71% or 1.85 to $110.02 a barrel. In precious metals, the June Gold Futures contract fell 1.26%, a decline of 58.61, to trade at $4,585.89 a troy ounce.

Currency moves included a rise in USD/IDR of 0.34% to 17,363.10, while AUD/IDR increased 0.26% to 12,496.85. The US Dollar Index Futures was up 0.11% at 98.12.


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Overall, the trading day closed with only a modest net gain for the IDX Composite, while sector leaders and individual large-percentage movers shaped the session's narrative.

Risks

  • Narrow market advance - although the IDX Composite rose 0.08%, the number of declining stocks (381) exceeded advancers (361), indicating breadth risk that could limit index gains - this affects equities generally.
  • Volatility in individual names - several stocks recorded very large intraday percentage moves (both positive and negative), highlighting idiosyncratic risk for investors in small-cap or single-stock positions - sectors impacted include Infrastructure, Basic Industry and Insurance.
  • Commodity and currency swings - rising oil prices and a stronger dollar pair with a falling gold futures contract could increase cost or currency-related risk for commodity-linked and import-dependent sectors.

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