Indonesia's equity market finished lower on Tuesday after losses concentrated in the Infrastructure, Agriculture and Basic Industry sectors pushed the benchmark down. By the close in Jakarta the IDX Composite Index had fallen 0.97% to register a new six-month low.
Among individual winners on the IDX Composite, Nusantara Almazia (JK:NZIA) posted the session's largest advance, jumping 30.14% or 44.00 points to finish at 190.00. Communication Cable Systems Indonesia Tbk PT (JK:CCSI) climbed 25.00% or 60.00 points to close at 300.00, and Pelayaran Nasional Ekalya Purnamasari PT (JK:ELPI) rose 24.90% or 325.00 points to end the day at 1,630.00.
On the downside, Mora Telematika Indonesia Tbk PT (JK:MORA) was the heaviest loser, falling 15.00% or 1,350.00 points to trade at 7,650.00 at the close. Asia Pramulia Tbk PT (JK:ASPR) declined 14.95% or 58.00 points to finish at 330.00, while Sillo Maritime Perdana Tbk PT (JK:SHIP) slipped 14.81% or 440.00 points to end at 2,530.00.
Declining issues outnumbered advancers on the Jakarta Stock Exchange by 526 to 196, while 139 stocks finished unchanged.
Commodity markets reflected strength in oil prices. Crude oil for June delivery rose 3.02% or 2.96 to settle at $101.03 a barrel, and Brent oil for July delivery climbed 2.53% or 2.64 to $106.85 a barrel. In precious metals, the June Gold Futures contract fell 0.41% or 19.30 to trade at $4,709.40 a troy ounce.
Foreign exchange moves included an uptick in the rupiah against the dollar. USD/IDR was up 0.47% at 17,487.50, while AUD/IDR increased 0.15% to 12,631.91. The US Dollar Index Futures traded 0.38% higher at 98.19.
For investors curious about the valuation of Sillo Maritime Perdana (JK:SHIP), tools are available to assess fair value. One such valuation approach uses a blend of 17 proven industry valuation models to generate an estimate of potential upside and identify undervalued names.
Market context
The session saw sector-level pressure concentrate in Infrastructure, Agriculture and Basic Industry, contributing to the benchmark's retreat and the overall breadth of losers outpacing winners.
What moved the tape
- Strong percentage gains in several small-cap names including JK:NZIA, JK:CCSI and JK:ELPI.
- Notable declines in JK:MORA, JK:ASPR and JK:SHIP, each falling in the mid-to-high teens percentage range.
- Rising crude and Brent oil prices and a firmer U.S. dollar futures print alongside a weaker rupiah relative to the dollar.
Note: This report reflects only the data and market moves recorded at the close of trading on Tuesday and does not include further developments beyond those figures.