Jakarta - Indonesia's stock market ended lower on Friday, with the IDX Composite Index falling 2.63% to close at a three-month low. Selling pressure was concentrated in the Infrastructure, Financials and Agriculture sectors, driving a broad retreat across the exchange.
Market breadth skewed heavily negative at the close in Jakarta, where 702 issues declined, 101 advanced and 58 finished unchanged. The session produced a mix of sharp winners among smaller-cap stocks and steep losses for several others.
Top performers
- Krida Jaringan Nusantara Tbk PT (JK:KJEN) led gains, jumping 30.56% - up 44.00 points to close at 188.00.
- Nusantara Almazia (JK:NZIA) added 29.35% - climbing 54.00 points to finish at 238.00, and reached a 52-week high during the session.
- Indal Aluminium Industry Tbk (JK:INAI) advanced 27.68% - a gain of 49.00 points to 226.00 at the close.
Heaviest declines
- Minna Padi Investama Tbk (JK:PADI) fell 15.00% - down 15.00 points to 85.00.
- Multi Makmur Lemindo Tbk (JK:PIPA) slid 14.94% - a decline of 23.00 points to 131.00.
- Arkora Hydro Tbk PtT (JK:ARKO) dropped 14.93% - losing 1,075.00 points to end at 6,125.00.
Among commodities and currency moves recorded during the trading day, crude oil for March delivery rose 1.07% - up $0.68 to trade at $63.97 per barrel. Brent for April delivery gained 0.92% - rising $0.62 to $68.17 per barrel. April Gold Futures slipped 0.01% - down $0.71 to trade at $4,888.79 per troy ounce.
In currency markets, the Indonesian rupiah weakened modestly against the US dollar, with USD/IDR up 0.31% to 16,853.30. The Australian dollar also strengthened versus the rupiah, leaving AUD/IDR higher by 0.75% at 11,737.20. The US Dollar Index Futures was marginally firmer, up 0.03% at 97.74.
Although the broader index moved lower, individual names produced outsized single-session moves in both directions. Nusantara Almazia's run to a 52-week high stands out amid the general market decline.
Market context and note
The session's outcomes reflect concentrated sector weakness in Infrastructure, Financials and Agriculture alongside isolated rallies in select stocks. The data above captures closing prices, percentage moves and session highlights at the Jakarta close on Friday.