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HomeLatestIndonesia Stocks Close Higher: IDX Composite Index Up 0.31%

Indonesia Stocks Close Higher: IDX Composite Index Up 0.31%

Jakarta, Indonesia – Following Thursday’s trading session, Indonesia’s stock market witnessed an upward trend, with gains primarily driven by the Financials, Agriculture, and Basic Industry sectors.

At the close of trading in Jakarta, the IDX Composite Index recorded a 0.31% increase.

Among the top performers on the IDX Composite Index were Indonesian Paradise Property (JK), experiencing a significant rise of 928.57% or 975.00 points, closing at 1,080.00. Additionally, Bank Bisnis Internasional Tbk (JK) surged by 795.83% or 3,820.00 points, concluding at 4,300.00, while Sumber Alfaria Trijaya Tbk (JK) showed strong growth, advancing by 591.14% or 2,335.00 points to 2,730.00 by the end of the trading day.

Conversely, the session saw declines for Keramika Indonesia Assosiasi (JK), witnessing a significant drop of 99.60% or 2,739.00 points, closing at 11.00. Citatah Tbk (JK) and Totalindo Eka Persada Tbk PT (JK) also experienced declines, falling by 99.45% and 99.35%, respectively.

Market activity indicated a greater number of falling stocks, with 343 declining against 296 advancing, while 174 remained unchanged on the Jakarta Stock Exchange.

Of note, shares in Keramika Indonesia Assosiasi (JK) reached all-time lows, plummeting to a value of 11.00, marking a significant decline of 99.60% or 2,739.00 points.

In commodities trading, crude oil for July delivery experienced a slight decrease of 0.24%, reaching $78.31 a barrel. Meanwhile, Brent oil for delivery in August fell by 0.22% to $82.42 a barrel, and the August Gold Futures contract recorded a decrease of 0.99%, trading at $2,331.55 a troy ounce.

In currency markets, USD/IDR saw an increase of 0.23% to 16,274.45, while AUD/IDR rose marginally by 0.02% to 10,820.13.

The US Dollar Index Futures experienced a decline of 0.24%, settling at 104.36.

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