Stock Markets April 28, 2026 04:30 AM

Jakarta Market Closes Lower as Infrastructure, Agriculture and Basic Industry Weigh on IDX

IDX Composite Index falls 0.50% as several mid-cap names swing sharply; commodity and currency moves noted

By Priya Menon
Jakarta Market Closes Lower as Infrastructure, Agriculture and Basic Industry Weigh on IDX

Indonesia's stock market ended the session lower on Tuesday, with the IDX Composite Index declining 0.50% as losses in the Infrastructure, Agriculture and Basic Industry sectors pressured the market. A small group of stocks produced large gains, while several others posted double-digit declines. Market breadth favored decliners, and moves in oil, gold and currency markets were recorded alongside the equity changes.

Key Points

  • IDX Composite Index fell 0.50% at the close in Jakarta, with Infrastructure, Agriculture and Basic Industry sectors contributing to the decline.
  • Top gainers included JK:KOCI (+34.82% to 151.00), JK:PPRE (+34.75% to 159.00) and JK:ESIP (+34.75% to 159.00), while the largest decliners were JK:JAWA (-14.56% to 176.00), JK:PKPK (-13.39% to 3,170.00) and JK:MBSS (-11.98% to 2,130.00).
  • Market breadth showed 387 decliners, 323 advancers and 147 unchanged; commodities and currencies also moved, with June crude up to $98.64/bbl, Brent July at $103.94/bbl and June gold futures at $4,646.14/oz.

Indonesia's main equity gauge closed the trading day in negative territory on Tuesday, driven by weakness in the Infrastructure, Agriculture and Basic Industry sectors.

At the final bell in Jakarta, the IDX Composite Index was down 0.50%.

A handful of names delivered outsized gains. Kokoh Exa Nusantara Tbk PT (JK:KOCI) ended the session up 34.82% - a rise of 39.00 points that took the share price to 151.00 at the close. PP Presisi Tbk PT (JK:PPRE) similarly climbed 34.75%, adding 41.00 points to finish at 159.00. Also advancing strongly was Sinergi Inti Plastindo (JK:ESIP), which rose 34.75% or 41.00 points to close at 159.00.

On the downside, several stocks recorded notable declines. Jaya Agra Wattie Tbk (JK:JAWA) fell 14.56%, a loss of 30.00 points that left the stock at 176.00 at the close. Paragon Karya Perkasa Tbk PT (JK:PKPK) dropped 13.39%, down 490.00 points to 3,170.00, while Mitrabahtera Segara Sejati Tbk (JK:MBSS) declined 11.98% or 290.00 points to end at 2,130.00.

Market breadth on the Jakarta Stock Exchange showed more falling issues than rising ones: 387 stocks declined versus 323 advancers, while 147 shares finished unchanged.

Notably, shares of Sinergi Inti Plastindo (JK:ESIP) reached a five-year high in the session, finishing up 34.75% or 41.00 to 159.00.

Commodities and currencies moved during the session. Crude oil for June delivery increased 2.36% or 2.27 to trade at $98.64 a barrel. Brent oil for July delivery rose 2.21% or 2.25 to $103.94 a barrel. The June Gold Futures contract fell 1.01% or 47.56 to $4,646.14 a troy ounce.

In currency markets, USD/IDR was higher by 0.21% at 17,208.10, while AUD/IDR climbed 0.09% to 12,360.37. The US Dollar Index Futures rose 0.14% to 98.46.


Summary: The trading session closed with the IDX Composite down 0.50%, led lower by losses in Infrastructure, Agriculture and Basic Industry and accompanied by strong individual moves among several listed companies. Commodity and currency markets recorded notable intraday changes.

Risks

  • Sector concentration of losses - Infrastructure, Agriculture and Basic Industry led declines, which may amplify downside pressure on stocks exposed to those sectors.
  • Volatility in individual names - Several stocks posted very large percentage gains or losses in the same session, highlighting elevated idiosyncratic risk for specific mid-cap and small-cap securities.
  • Commodity and currency swings - Moves in crude oil, Brent, gold and the IDR against the US dollar could introduce additional market and FX-related uncertainty for companies with commodity exposure or foreign-currency exposures.

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