Indonesia's equities finished in negative territory on Tuesday, with the IDX Composite Index declining 1.20% at the close in Jakarta. Sector pressure came primarily from Infrastructure, Agriculture and Basic Industry names, which collectively dragged the market lower.
Market internals showed a skew toward falling shares on the Jakarta Stock Exchange - 578 issues closed lower, 171 advanced and 111 were unchanged.
Notable stock movers
Among gainers, Cilacap Samudera Fishing Industry Tbk PT (JK:ASHA) led the session, jumping 26.83% or 22.00 points to finish at 104.00. Artha Mahiya Investama Tbk PT (JK:AIMS) climbed 25.00% or 106.00 points to end at 530.00. Bank Mega Tbk (JK:MEGA) delivered a 24.70% increase, up 1,020.00 points to close at 5,150.00.
On the downside, PT Royaltama Mulia Kontraktorindo Tbk (JK:RMKO) fell 14.94% or 130.00 points to finish at 740.00. Indospring Tbk (JK:INDS) declined 14.90% or 310.00 points to close at 1,770.00, and Kokoh Exa Nusantara Tbk PT (JK:KOCI) was down 11.86% or 23.00 points to 171.00.
Shares in Cilacap Samudera Fishing Industry Tbk PT (JK:ASHA) and Bank Mega Tbk (JK:MEGA) reached 52-week highs during the session, with ASHA gaining 26.83% to 104.00 and MEGA rising 24.70% to 5,150.00.
Commodities and currency movements
Energy markets saw little directional change during the session. Crude oil for April delivery was up 0.05% or 0.03 to $66.34 a barrel, while Brent oil for May delivery rose 0.03% or 0.02 to $71.13 a barrel. Precious metals retreated, with the April Gold Futures contract falling 0.66% or 34.34 to trade at $5,191.26 a troy ounce.
On foreign exchange, USD/IDR moved higher by 0.17% to 16,813.30, and AUD/IDR rose 0.42% to 11,888.38. The US Dollar Index Futures was up 0.14% at 97.78.
Outlook
The session highlighted uneven performance across individual names despite modest commodity moves and a slightly stronger dollar. Sector-level weakness in Infrastructure, Agriculture and Basic Industry was the primary factor behind the benchmark’s decline, while a handful of stocks registered significant intraday gains and 52-week highs.