Indonesian equities moved lower at Wednesday's close, with the IDX Composite Index falling 2.05% to register a new 52-week low. Losses were broad-based, with shares in the Infrastructure, Financials and Agriculture sectors contributing to the negative outcome.
On the session's leaderboard, Mitra Energi Persada Tbk PT (JK:KOPI) was the top performer, finishing up 24.56% or 56.00 points at 284.00. Pelayaran Nasional Ekalya Purnamasari PT (JK:ELPI) also recorded a strong advance, adding 24.54% or 400.00 points to close at 2,030.00. Gowa Makassar Tourism Develop (JK:GMTD) rose 21.34% or 335.00 points to end the day at 1,905.00.
By contrast, some of the heaviest declines were steep. Chandra Asri Petrochemical Tbk (JK:TPIA) fell 14.85% or 750.00 points to finish at 4,300.00. MNC Studios International Tbk PT (JK:MSIN) slipped 14.81% or 100.00 points to close at 575.00, and Asuransi Digital Bersama Tbk PT (JK:YOII) dropped 14.29% or 16.00 points to end at 96.00.
Market breadth at the Jakarta Stock Exchange was tilted to the downside: 447 stocks declined, 259 advanced and 152 finished unchanged.
Commodities and currency movements
Commodity prices and FX moves accompanied the equity sell-off. Crude oil for June delivery declined 0.96% or 0.98, trading at $101.20 a barrel. Brent oil for July delivery fell 0.79% or 0.85 to $106.92 a barrel. On the metals side, the June Gold Futures contract rose 0.38% or 18.00 to trade at $4,704.70 a troy ounce.
Currency pairs involving the rupiah were slightly firmer on the day. USD/IDR was down 0.10% to 17,458.00, while AUD/IDR fell 0.10% to 12,648.16. Separately, the US Dollar Index Futures was up 0.17% at 98.35.
Session context
The session combined sizeable moves in small- and mid-cap names with declines among larger issues, producing a marketwide net loss. The data above reflects closing prices and percentage changes reported at the Jakarta close.
Investors and market participants monitoring sector performance will note that Infrastructure, Financials and Agriculture were cited as leading sources of downside pressure during the day. The variation in individual stock outcomes—several large percentage gains offset by heavy drops in other names—illustrates a fragmented market response within the broader decline.