Indonesia’s stock market closed lower on Friday, with the IDX Composite Index falling by 0.52%, driven by losses in the Infrastructure, Agriculture, and Basic Industry sectors. The day’s trading saw a broader pullback as the decline in key sectors outweighed the gains in others.
At the close in Jakarta, the IDX Composite stood at 4,075.00, reflecting a decline of 0.52% for the session.
Top Performers and Worst Performers
Despite the overall market decline, a few stocks saw significant gains:
Bumi Teknokultura Unggul Tbk (JK:BTEK) emerged as the top performer, surging 33.33% or 1.00 points to close at 4.00.
Golden Flower Tbk PT (JK:POLU) followed closely, rising 24.79% or 295.00 points to end at 1,485.00.
Sekar Bumi Tbk (JK:SKBM) also saw a solid uptick, gaining 24.74% or 94.00 points to close at 474.00.
However, the worst performers of the session were notable:
Satria Antaran Prima Tbk PT (JK:SAPX) plunged 24.86% or 450.00 points to close at 1,360.00.
Pudjiadi & Sons Tbk (JK:PNSE) dropped 18.25% or 240.00 points, closing at 1,075.00.
Andira Agro Tbk PT (JK:ANDI) fell by 14.29% or 1.00 points, ending the session at 6.00.
Market Breadth
The decliners outnumbered the advancers, with 421 falling stocks compared to 182 advancing ones, while 228 stocks ended the session unchanged.
Commodities
Crude Oil prices edged higher, with January delivery up by 0.26% to $70.20 a barrel.
Brent Oil for February delivery also saw a slight increase, rising 0.19% to $73.55 a barrel.
Gold futures for February declined by 0.21% or $5.71 to $2,703.69 per ounce.
Currency Movements
The USD/IDR pair rose by 0.35% to 16,009.00.
The AUD/IDR exchange rate increased by 0.40%, closing at 10,200.43.
US Dollar and Global Markets
The US Dollar Index Futures showed a modest gain, increasing by 0.14% to 106.79.
Conclusion
The Indonesian stock market experienced a mixed session on Friday, with a number of stocks posting strong gains, especially in smaller or less liquid names like BTEK and POLU. However, broader market sentiment was weighed down by declines in key sectors, reflecting a somewhat cautious outlook for the short term. Global commodities and currencies also showed modest movements, indicating a stable yet slightly volatile market environment.
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