Stock Markets February 26, 2026 03:35 AM

Jakarta Stocks Slip as Infrastructure, Financials and Agriculture Lead Declines

IDX Composite closes down 1.31% as losers outnumber gainers; several stocks record double-digit moves

By Leila Farooq INDS

Indonesia's main equity gauge finished lower on Thursday, with the IDX Composite losing 1.31% as declines concentrated in the Infrastructure, Financials and Agriculture sectors. Market breadth was negative, with falling issues far outnumbering advancing ones, while select small- and mid-cap names posted sharp intraday gains and losses. Commodities and currency moves were mixed.

Jakarta Stocks Slip as Infrastructure, Financials and Agriculture Lead Declines
INDS

Key Points

  • IDX Composite closed down 1.31%, driven by losses in Infrastructure, Financials and Agriculture sectors.
  • Top gainers included MSKY (+34.62%), IFSH (+25.00%), and STAR (+24.41%) with STAR reaching an all-time high at 790.00; biggest decliners were ELPI (-14.96%), INDS (-14.95%), and SKBM (-14.88%).
  • Market breadth was negative with 596 falling stocks, 145 rising and 118 unchanged; commodity and FX moves were mixed, with April crude at $65.49 and USD/IDR at 16,771.30.

Indonesia's stock market closed in negative territory on Thursday, led by sector declines and wide market breadth losses. At the Jakarta close the IDX Composite fell 1.31%.


Market movers

The session saw a number of pronounced share-price moves among individual listings. The top performers on the IDX Composite were Mnc Sky Vision Tbk (JK:MSKY), which gained 34.62% or 27.00 points to finish at 105.00; Ifishdeco PT (JK:IFSH), which rose 25.00% or 400.00 points to end at 2,000.00; and PT Buana Artha Anugerah Tbk (JK:STAR), which advanced 24.41% or 155.00 points to close at 790.00.

Conversely, the heaviest losses were recorded by Pelayaran Nasional Ekalya Purnamasari PT (JK:ELPI), down 14.96% or 350.00 points to 1,990.00; Indospring Tbk (JK:INDS), which fell 14.95% or 225.00 points to 1,280.00; and Sekar Bumi Tbk (JK:SKBM), which declined 14.88% or 180.00 points to 1,030.00.


Sectors and breadth

The session was weighed by losses in the Infrastructure, Financials and Agriculture sectors. On the Jakarta Stock Exchange, declining stocks outnumbered advancers by a wide margin - 596 falling issues versus 145 rising ones - while 118 stocks finished unchanged.

Notably, shares of PT Buana Artha Anugerah Tbk (JK:STAR) moved to an all-time high during the session, closing up 24.41% at 790.00.


Commodities and currencies

Commodity prices were mixed across key benchmarks. Crude oil for April delivery rose 0.11% or 0.07 to $65.49 a barrel. Brent oil for May delivery increased 0.14% or 0.10 to $70.79 a barrel. The April Gold Futures contract fell 0.67% or 35.16 to trade at $5,191.04 a troy ounce.

On the currency front, USD/IDR was up 0.03% at 16,771.30, while AUD/IDR slipped 0.30% to 11,917.00. The US Dollar Index Futures was up 0.01% at 97.63.


Implications

Thursday's trading left the benchmark lower for the session with notable volatility at the individual-stock level, as several names posted double-digit percentage moves in both directions. Market breadth was distinctly negative, and select sectors - specifically Infrastructure, Financials and Agriculture - registered the largest downward pressure on the index.

Risks

  • Concentrated sector weakness - Infrastructure, Financials and Agriculture - which may continue to exert downward pressure on the index.
  • Uneven market breadth, evidenced by 596 decliners versus 145 advancers, indicating potential for continued selective selling across listings.
  • Price volatility in individual stocks, where several names posted double-digit swings, increasing short-term trading risk for equity investors.

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