Indonesia's stock market closed in negative territory on Monday, with the IDX Composite Index finishing the session down 2.37% in Jakarta. Declines were concentrated in the Infrastructure, Financials and Agriculture sectors, which weighed on the overall market at the end of trading.
Market breadth was heavily tilted toward losers: 723 shares declined, 97 advanced and 41 finished unchanged on the Jakarta Stock Exchange.
Winners and losers
The day's strongest performers included Indo Oil Perkasa PT (JK:OILS), which gained 34.69%, rising 68.00 points to close at 264.00. Ifishdeco PT (JK:IFSH) rose 22.91%, up 410.00 points to finish at 2,200.00, and Apexindo Pratama Duta Tbk (JK:APEX) climbed 22.12%, or 46.00 points, to end at 254.00.
On the downside, Pollux Investasi Internasional Tbk PT (JK:POLI) fell 15.00%, dropping 225.00 points to close at 1,275.00. Rockfields Property Indonesia Pt (JK:ROCK) declined 14.98%, or 370.00 points, to finish at 2,100.00, while Sanurhasta Mitra PT (JK:MINA) was down 14.95%, losing 58.00 points to end at 330.00.
Notably, shares of Ifishdeco PT reached a three-year high in the session, closing at 2,200.00 after the 22.91% increase.
Commodities and currencies
Commodities trading showed strong upward moves for energy and metals. Crude oil for April delivery rose 8.97%, up $6.01, to $73.03 a barrel. Brent oil for May delivery gained 9.67%, or $7.05, to $79.92 a barrel. The April Gold Futures contract increased 3.50%, up $183.91, to trade at $5,431.81 a troy ounce.
In foreign exchange, the U.S. dollar strengthened versus the rupiah, with USD/IDR rising 0.71% to 16,874.00. AUD/IDR moved lower, down 0.34% to 11,880.40. The U.S. Dollar Index Futures was up 0.94% at 98.49.
Context and takeaways
The session was marked by broad selling pressure across key domestic sectors, while commodity markets displayed notable gains that coincided with a firmer U.S. dollar against the rupiah. Market participants saw a mix of outsized moves at the individual stock level, with several names posting double-digit percentage changes in both directions.