Indonesia’s stock market closed lower on Wednesday, with the IDX Composite Index falling by 0.43%, as a broad-based decline in the Financials, Agriculture, and Basic Industry sectors dragged shares down.
Market Performance Overview
At the close in Jakarta, the IDX Composite Index was down by 0.43%, reflecting a downturn in key sectors. Notable performers of the session showed significant gains in certain stocks, while others struggled amid market volatility.
Best Performers of the Session
Agro Yasa Lestari PT Tbk (JK:AYLS) led the pack, surging 34.29%, or 36.00 points, to close at 141.00. The rise marked a significant rebound for the company, with shares reaching a 52-week high.
Jasnita Telekomindo Tbk PT (JK:JAST) saw an impressive 33.33% increase, adding 19.00 points to close at 76.00, also hitting a 52-week high during the session.
Himalaya Energi Perkasa Tbk PT (JK:HADE) was another strong performer, rising 25.00%, or 1.00 point, to close at 5.00 in late trade.
Worst Performers of the Session
Pool Advista Indonesia Tbk (JK:POOL) was the worst performer, plummeting 74.00%, or 37.00 points, to end at 13.00.
Bumi Teknokultura Unggul Tbk (JK:BTEK) fell 25.00%, or 1.00 point, to close at 3.00.
Bank Artha Graha Internasional (JK:INPC) also saw significant losses, dropping 18.13%, or 58.00 points, to end the day at 262.00.
Sector Performance and Market Sentiment
Falling stocks outnumbered advancing ones on the Jakarta Stock Exchange, signaling a bearish sentiment in the broader market. The Financials, Agriculture, and Basic Industry sectors were particularly hard-hit, contributing to the index’s overall decline.
Commodity Market Overview
Crude Oil for February delivery declined by 0.09%, falling $0.06 to $70.10 a barrel.
Brent Oil for March delivery, however, rose 1.24%, or $0.90, to $73.22 per barrel.
The February Gold Futures contract was unchanged, maintaining its price at $2,633.50 per troy ounce.
Currency Market Movements
- The USD/IDR remained stable, showing no change at 16,190.00.
- The AUD/IDR experienced a significant drop, falling 10.47% to 9,045.76.
US Dollar and Global Market Trends
The US Dollar Index Futures rose by 0.18%, hitting 108.00, indicating strength in the U.S. dollar against a basket of major currencies.
Conclusion
The Indonesian stock market closed lower, with the IDX Composite Index shedding 0.43% amidst sector-wide losses, particularly in Financials, Agriculture, and Basic Industry. Despite gains in specific stocks like Agro Yasa Lestari and Jasnita Telekomindo, the overall market sentiment remains cautious, influenced by broader market trends and commodity price fluctuations.
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