Indonesia's equity market closed higher after trading on Monday, with the benchmark IDX Composite Index finishing the session up 0.92% in Jakarta. Gains were led by stocks in the Infrastructure, Agriculture and Basic Industry sectors, which contributed to the overall uptick in the market.
The day's top performers on the IDX Composite were dominated by sharp percentage advances. Puri Global Sukses Tbk Pt (JK:PURI) led gains, climbing 34.50% - a rise of 59.00 points - to close at 230.00. Yelooo Integra Datanet Tbk PT (JK:YELO) followed, adding 32.35% or 22.00 points to end the day at 90.00. Link Net Tbk (JK:LINK) also posted a substantial increase of 24.73% - 450.00 points - finishing at 2,270.00 in late trade.
On the downside, several names experienced notable declines. Hotel Fitra International Tbk PT (JK:FITT) dropped 14.97% or 110.00 points to close at 625.00. Repower Asia Indonesia PT (JK:REAL) fell 14.29%, a decline of 9.00 points, ending at 54.00. Sunson Textile Manufacturer (JK:SSTM) lost 10.78% or 145.00 points to finish the session at 1,200.00.
Market breadth in Jakarta favored advancing issues: 426 stocks rose during the session, 296 declined and 139 finished unchanged.
Commodity prices were mixed during the trading period covered. Crude oil for March delivery eased 0.88% - down 0.56 - to $62.99 a barrel. Brent oil for April delivery slipped 0.85% or 0.58 to $67.47 a barrel. In metals, the April Gold Futures contract gained 1.38% - up 68.86 - to trade at $5,048.66 a troy ounce.
Foreign exchange rates showed modest movement against the rupiah. The USD/IDR pair was down 0.11% at 16,818.00, while AUD/IDR fell 0.16% to 11,807.88. The U.S. Dollar Index Futures ended the session lower as well, down 0.22% at 97.29.
Summary of session highlights:
- IDX Composite closed up 0.92% in Jakarta on Monday.
- Top gainers included JK:PURI (+34.50%), JK:YELO (+32.35%) and JK:LINK (+24.73%).
- Largest decliners included JK:FITT (-14.97%), JK:REAL (-14.29%) and JK:SSTM (-10.78%).
- Market breadth showed 426 advancers, 296 decliners and 139 unchanged stocks.