Indonesia's equities finished lower on Thursday in Jakarta, with the IDX Composite Index shedding 1.69% at the close as several key sectors retreated.
Selling pressure was focused in Infrastructure, Financials and Agriculture names, dragging the benchmark lower by the end of trading.
Notable winners and losers
The session's top performers included Agro Yasa Lestari PT Tbk (JK:AYLS), which rallied 32.12% - a gain of 53.00 points - to finish at 218.00. Tunas Alfin Tbk (JK:TALF) added 25.00%, or 150.00 points, ending the day at 750.00, and Sunson Textile Manufacturer (JK:SSTM) climbed 24.80% - 155.00 points - to close at 780.00.
On the downside, Rockfields Property Indonesia Pt (JK:ROCK) fell 15.00% - a decline of 450.00 points - to 2,550.00 at the close. Indospring Tbk (JK:INDS) dropped 14.90%, losing 76.00 points to end at 434.00, while Island Concepts Indonesia Tbk (JK:ICON) slipped 14.86%, or 22.00 points, to finish at 126.00.
Market breadth was tilted toward losses: 437 stocks declined versus 282 that advanced, and 142 issues were unchanged on the Jakarta Stock Exchange.
Commodities and currency moves
Commodities traded with notable moves during the session. Crude oil for May delivery rose 3.81%, gaining $3.44 to $93.76 a barrel. Brent oil for June delivery increased 3.35%, or $3.26, to $100.52 a barrel. Precious metals moved the other way: the June Gold Futures contract fell 2.63% - a drop of $120.78 - to trade at $4,464.72 per troy ounce.
In currency markets, the Indonesian rupiah weakened against the U.S. dollar. USD/IDR rose 0.46% to 16,897.70. Meanwhile, AUD/IDR slipped 0.23% to 11,716.77. The US Dollar Index Futures ticked up 0.09% to 99.49.
Context and next steps
The session's losses were driven by declines in several sector groups and were reflected in broader market breadth data. Traders and investors will watch whether the commodity and currency moves seen during this session have further influence on sentiment in Jakarta in coming sessions.
This report presents the market moves, individual stock performances and the related commodity and FX data observed at the close in Jakarta.