Indonesia equities ended lower on Monday, with the IDX Composite Index closing down 2.88% and hitting a fresh 52-week low in Jakarta trading. Broad-based weakness in the Infrastructure, Financials and Agriculture sectors pressured the market throughout the session.
At the close, the IDX Composite Index registered a 2.88% decline to the new 52-week trough. The market saw a large imbalance in breadth: 713 stocks fell, 88 advanced and 60 finished unchanged on the Jakarta Stock Exchange.
Among the session's outperformers, Mega Perintis Tbk PT (JK:ZONE) led gains, rising 23.21% or 78.00 points to finish at 414.00. Batavia Prosperindo Trans Tbk PT (JK:BPTR) climbed 18.07% or 15.00 points to close at 98.00, and Berkah Prima Perkasa Tbk PT (JK:BLUE) added 17.93% or 520.00 points to end the day at 3,420.00.
On the downside, Dian Swastatika Sentosa Tbk (JK:DSSA) posted the steepest fall among major movers, sliding 14.98% or 155.00 points to 880.00 at the close. Chandra Asri Petrochemical Tbk (JK:TPIA) declined 14.88% or 640.00 points to finish at 3,660.00, while Pacific Strategic Financial (JK:APIC) dropped 14.81% or 260.00 points to 1,495.00. Shares of Dian Swastatika Sentosa and Chandra Asri Petrochemical fell to 52-week lows on the session's losses.
Commodity markets were mixed alongside the equity moves. Crude oil for July delivery rose 1.03% or 1.04 to $102.06 a barrel. Brent oil for July delivery increased 0.92% or 1.01 to $110.27 a barrel. Precious metals were softer: the June Gold Futures contract slipped 0.22% or 10.20 to trade at $4,551.70 a troy ounce.
Currency moves amplified market dynamics. The Indonesian rupiah weakened versus the dollar, with USD/IDR up 1.26% to 17,661.90. AUD/IDR was also higher, rising 1.20% to 12,630.30. The US Dollar Index Futures eased 0.14% to 99.07.
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Market participants will note the wide dispersion of returns within the session: a handful of small- and mid-cap stocks delivered strong percentage gains while several larger names recorded sharp declines and reached 52-week lows. The market breadth, commodity price changes and currency moves contributed to a broadly negative trading day for Indonesian equities.