Indonesia's stock market finished the Friday session in negative territory, with the IDX Composite Index ending the day down 2.21% in Jakarta. The retreat was led by losses in the Infrastructure, Financials and Agriculture sectors, which collectively contributed to the broader decline.
At the close, advancing issues were far outnumbered by those in retreat. On the Jakarta exchange, 647 stocks fell, 100 climbed and 107 finished unchanged.
Top performers
- Ricky Putra Globalindo Tbk (JK:RICY) led gains, jumping 30.99% or 22.00 points to close at 93.00.
- Trust Finance Indonesia Tbk (JK:TRUS) rose 25.00% or 70.00 points to finish at 350.00.
- Bhakti Multi Artha Pt (JK:BHAT) added 21.97% or 380.00 points, ending the session at 2,110.00.
Largest decliners
- Fuji Finance Indonesia Tbk PT (JK:FUJI) fell 14.88% or 36.00 points to close at 206.00.
- Colorpak Indonesia Tbk (JK:CLPI) dropped 14.83% or 255.00 points to end at 1,465.00.
- Geoprima Solusi Tbk PT (JK:GPSO) declined 14.64% or 70.00 points to 408.00.
Two notable price milestones were recorded in Friday's session. Shares of Fuji Finance Indonesia Tbk PT (JK:FUJI) moved down to a 52-week low, closing at 206.00 after the 14.88% decline. By contrast, Bhakti Multi Artha Pt (JK:BHAT) reached an all-time high at 2,110.00 following its 21.97% gain.
Commodities and currencies
Commodity markets were mixed. Crude oil for August delivery fell 3.87% or 2.78 to $69.14 a barrel. Brent oil for September delivery declined 3.77% or 2.85 to $72.65 a barrel. Precious metals showed a modest uptick: the August Gold Futures contract rose 0.07% or 2.92 to trade at $4,050.52 a troy ounce.
In currency moves, USD/IDR slipped 0.03% to 17,909.00 while AUD/IDR eased 0.19% to 12,351.64. The US Dollar Index Futures was down 0.18% at 101.01.
Market breadth and sector note
Market breadth was decisively negative with nearly seven times as many decliners as advancers. The session's sector-level weakness centered on Infrastructure, Financials and Agriculture, which were cited as primary contributors to the downward pressure on the benchmark.
Traders and investors watching the Jakarta market will note the contrast between steep moves in several small-cap names and the broader market selloff, as well as the concurrent weakness in oil prices and modest gains in gold.
Data points in this report reflect closing prices and session data as reported for the Jakarta market and related commodity and currency contracts.