Jakarta - Indonesian shares ended the trading day lower on Friday, with the IDX Composite Index finishing down 3.47% as declines in several key sectors led the sell-off.
The market-wide fall was driven in part by losses in the Infrastructure, Financials and Agriculture sectors, according to the intraday flow of stocks. Market breadth was heavily negative: 712 shares declined while 86 advanced and 57 finished flat on the Jakarta Stock Exchange.
The session produced sharp individual moves at the top and bottom of the board. Among the session's biggest risers was Pikko Land Development Tbk (JK:RODA), which climbed 27.85% - a gain of 22.00 points - to close at 101.00. Prasidha Aneka Niaga Tbk (JK:PSDN) also posted a large advance, adding 29.73% or 44.00 points to finish at 192.00, and Citatah Tbk (JK:CTTH) rose 25.38% or 33.00 points to end at 163.00.
Pikko Land Development's share price reached a three-year high in the session, closing at 101.00 after the 27.85% increase.
On the downside, Sekar Bumi Tbk (JK:SKBM) was the worst performer among the more heavily falling names, sliding 15.00% or 120.00 points to close at 680.00. Retail-listed Matahari Department Store Tbk (JK:LPPF) declined 14.95% or 290.00 points to finish at 1,650.00, and Harapan Duta Pertiwi PT (JK:HOPE) dropped 14.93% or 40.00 points to end at 228.00.
Commodities showed mixed directional moves during the session. U.S. crude oil for June delivery rose 1.40%, up 1.34 to trade at $97.19 a barrel, while Brent for June delivery advanced 1.63%, climbing 1.71 to $106.78 a barrel. Precious metals slipped, with the June Gold Futures contract down 0.45% or 21.40 to trade at $4,702.60 a troy ounce.
Currency pairs affecting Indonesian trade and investor flows were also active. The U.S. dollar versus the rupiah (USD/IDR) eased 0.17% to 17,219.10, and the Australian dollar against the rupiah (AUD/IDR) fell 0.46% to 12,260.83. The U.S. Dollar Index Futures was unchanged at 98.61, registering 0.00% movement on the session.
Key points
- IDX Composite closed down 3.47% as Infrastructure, Financials and Agriculture led losses.
- Market breadth heavily skewed to decliners: 712 stocks down, 86 up, 57 unchanged.
- Notable individual moves included RODA, PSDN and CTTH advancing sharply while SKBM, LPPF and HOPE registered double-digit drops.
Risks and uncertainties
- Broad market weakness - evidenced by the 712-to-86 ratio of declining to advancing stocks - signals potential volatility for equity investors and sectors tied to market sentiment, particularly Infrastructure, Financials and Agriculture.
- Commodity price shifts - with crude and Brent rising while gold fell - create uncertainty for commodity-sensitive sectors and investor positioning.
- Exchange rate movements - modest changes in USD/IDR and AUD/IDR introduce currency risk that can affect import-dependent businesses and foreign investor returns.
This report summarizes market activity and price movements observed at the close in Jakarta. Data referenced reflect closing prices and session changes reported on the Jakarta Stock Exchange and related futures and currency markets.