Indonesia's stock market finished Thursday's session in negative territory, with the IDX Composite Index declining 1.33% at the close in Jakarta. Sector weakness in Infrastructure, Financials and Agriculture contributed to the downward move.
Market leadership on the day included a handful of heavy percentage winners and losers among individual listings. The top-performing issue on the benchmark was Citra Borneo Utama PT Tbk (CBUT), which surged 24.78% - an increase of 140.00 points - to finish at 705.00. Jembo Cable Company Tbk (JECC) climbed 24.59% or 150.00 points to end the day at 760.00, and Mega Perintis Tbk PT (ZONE) advanced 24.57% or 86.00 points to close at 436.00.
At the other end of the tape, Perdana Bangun Pusaka Tbk PT (KONI) posted the largest decline, sliding 14.86% or 520.00 points to close at 2,980.00. Danasupra Erapacific Tbk (DEFI) fell 14.48% or 21.00 points to finish at 124.00, while Dua Putra Utama Makmur PT (DPUM) dropped 12.39% or 14.00 points to close at 99.00.
Overall market breadth favored declines: 491 stocks fell against 226 gainers, and 138 issues ended unchanged on the Jakarta Stock Exchange.
Movements in global commodities and currency markets accompanied the local equity move. Crude oil for July delivery declined 2.16%, or 1.66, to settle at $75.13 a barrel. Brent oil for August delivery fell 1.79%, or 1.42, to $78.13 a barrel. The August Gold Futures contract recorded a 1.76% drop, down 77.14 to trade at $4,304.26 a troy ounce.
Currency flows showed the US dollar strengthening against the rupiah. USD/IDR rose 0.67% to 17,848.00, and AUD/IDR increased 0.05% to 12,442.19. The US Dollar Index Futures was up 0.33% at 100.20.
These price moves came amid sector pressure in Infrastructure, Financials and Agriculture, which the market cited as principal drags on the benchmark's performance. Individual stock performances were mixed, with some securities showing steep percentage gains even as broader market indicators fell.
Investors and observers tracking Jakarta's session will note the contrast between the sharp single-stock moves and the wider negative breadth that characterized the day.