Indonesia's stock market ended Wednesday's trading session with a steep decline as the IDX Composite Index closed down 7.77%, settling at a one-month low. Selling pressure was most pronounced in the Infrastructure, Financials and Agriculture sectors, which together dragged the broader market lower.
Market participants saw a significant gap between losers and winners: 801 stocks fell, compared with just 31 that advanced, while 12 shares finished unchanged on the Jakarta Stock Exchange. That imbalance underscored the breadth of the sell-off across the market.
Among individual movers, PT Buana Artha Anugerah Tbk (JK:STAR) posted the strongest gain of the session, surging 24.80%, or 155.00 points, to close at 780.00. The stock's move pushed it to all-time highs during the session, per exchange data. Wahana Pronatural (JK:WAPO) climbed 24.47%, or 46.00 points, to finish at 234.00, while Jantra Grupo Indonesia PT Tbk (JK:KAQI) added 23.75%, or 19.00 points, to end the day at 99.00.
On the downside, several names saw steep declines. Bukit Uluwatu Villa Tbk (JK:BUVA) dropped 15.00%, or 255.00 points, to 1,445.00 at the close. Artha Mahiya Investama Tbk PT (JK:AIMS) fell 15.00%, or 105.00 points, to 595.00, and Rukun Raharja Tbk (JK:RAJA) was down 15.00%, or 810.00 points, to 4,590.00.
Commodity markets recorded mixed results during the session. Crude oil for March delivery rose 0.19%, or 0.12, to trade at $62.51 a barrel. Brent oil for April delivery edged down 0.03%, or 0.02, to $66.57 a barrel. Precious metals posted a notable move as the April Gold Futures contract increased 4.14%, or 212.11, to trade at $5,332.71 a troy ounce.
Currency pairs involving the rupiah also moved: USD/IDR declined 0.37% to 16,698.30, and AUD/IDR fell 0.34% to 11,708.54. The US Dollar Index Futures was down 0.20% at 95.86, reflecting modest weakness in the dollar during the session.
For the session as a whole, the market painted a picture of heavy selling across multiple sectors, with specific large-percentage winners and losers driving intraday volatility. The sharp drop in the IDX Composite and the lopsided advance-decline ratio highlighted the breadth of the move, while commodity and FX changes added further context to market conditions on the day.