Indonesia's equity market finished the trading day in negative territory, with the benchmark IDX Composite Index declining 3.52% to close at a new six-month low on Monday. Losses concentrated in the Infrastructure, Financials and Agriculture sectors were the primary drivers of the downward move.
At the close in Jakarta, the session's strongest performers included Supra Boga Lestari Tbk (JK:RANC), which advanced 24.53% - up 130.00 points to finish at 660.00. Hotel Sahid Jaya Tbk (JK:SHID) climbed 24.50%, gaining 185.00 points to end at 940.00. Sigma Energy Compressindo Tbk PT (JK:SICO) also posted a notable rise, increasing 18.84% or 26.00 points to trade at 164.00 in late trade.
On the downside, Morenzo Abadi Perkasa Tbk Pt (JK:ENZO) fell 15.00%, a drop of 12.00 points to close at 68.00. Paperocks Indonesia Tbk PT (JK:PPRI) declined 15.00%, slipping 33.00 points to finish at 187.00. Aesler Grup Internasional Tbk Pt (JK:RONY) was down 15.00%, losing 390.00 points to end the session at 2,210.00.
Market breadth was heavily tilted to the downside on the Jakarta Stock Exchange. Falling stocks outnumbered advancing ones by 762 to 61, while 35 issues ended unchanged.
Sigma Energy Compressindo Tbk PT (JK:SICO) reached a 52-week high during the session, gaining 18.84% or 26.00 points to settle at 164.00.
Commodity markets showed sharp moves alongside the equity sell-off. Crude oil for April delivery rose 13.38%, or 12.16, to $103.06 a barrel. Brent oil for May delivery increased 15.08% or 13.98 to $106.67 a barrel. In contrast, April Gold Futures fell 1.08%, down 55.96 to trade at 5,102.74 a troy ounce.
Currency pairs involving the Indonesian rupiah moved modestly. USD/IDR was up 0.40% at 16,968.00, while AUD/IDR fell 0.43% to 11,829.21. The US Dollar Index Futures was higher as well, trading up 0.57% at 99.54.
Below are the main takeaways from the session and market-moving figures to note. Where available, individual stock moves and commodity or FX changes are reported as of the Jakarta close.
The market's decline was driven by sector-level weakness in Infrastructure, Financials and Agriculture and was accompanied by strong intraday volatility in select individual names and across commodities and currency pairs.