Indonesia's equity market finished the trading day in negative territory, with the benchmark IDX Composite Index closing down 1.10% in Jakarta. Sector-level weakness in Infrastructure, Financials and Agriculture was the dominant force pushing the market lower.
Market breadth was tilted toward losers on the Jakarta Stock Exchange, where 440 issues declined, 251 advanced and 167 finished unchanged. The session produced pronounced moves among individual stocks, with several small-cap names posting strong gains even as larger swathes of the market slid.
Top performers
- Nusantara Almazia (JK:NZIA) led the gainers, jumping 34.72% or 50.00 points to close at 194.00.
- Soho Global Health Tbk Pt (JK:SOHO) rose 24.92% or 405.00 points to finish at 2,030.00.
- Fortune Mate Indonesia Tbk (JK:FMII) added 24.32% or 54.00 points, ending the session at 276.00.
Largest declines
- Hotel Fitra International Tbk PT (JK:FITT) was the heaviest loser among the named issues, sliding 15.00% or 54.00 points to close at 306.00.
- Fuji Finance Indonesia Tbk PT (JK:FUJI) dropped 14.80% or 66.00 points to end at 380.00.
- Asiaplast Industries Tbk (JK:APLI) fell 13.79% or 40.00 points to 250.00, a move that marked a three-year low for the stock.
Beyond equities, key commodity and foreign-exchange benchmarks moved higher during the session. Crude oil for May delivery increased 1.58% or 1.49 to trade at 95.97 dollars a barrel. Brent oil for June delivery rose 1.82% or 1.85 to 103.74 dollars a barrel. In precious metals, the June Gold Futures contract advanced 1.20% or 52.92 to trade at 4,461.92 dollars per troy ounce.
On the currency front, the Indonesian rupiah weakened against the U.S. dollar and the Australian dollar. USD/IDR was up 0.54% to 16,972.10, while AUD/IDR rose 0.53% to 11,692.28. The U.S. Dollar Index Futures was up 0.09% at 99.79.
This session showcased divergence within the market - several individual names produced strong single-day rallies while aggregate sector pressure and wider macro-linked indicators moved in the opposite direction.