Jakarta - Indonesian equities closed lower on Thursday, with the IDX Composite Index finishing the session down 0.23% as the Infrastructure, Agriculture and Basic Industry sectors weighed on the market.
The index decline came amid a mixed session of notable single-stock moves. The top performers on the IDX Composite were Citatah Tbk (JK:CTTH), which jumped 34.48% or 30.00 points to finish at 117.00; Nusantara Almazia (JK:NZIA), which rose 34.31% or 47.00 points to close at 184.00; and Kokoh Exa Nusantara Tbk PT (JK:KOCI), which gained 29.22% or 45.00 points to end the day at 199.00.
On the downside, Mora Telematika Indonesia Tbk PT (JK:MORA) led losses with a fall of 14.93% or 1,075.00 points to close at 6,125.00. Multi Makmur Lemindo Tbk (JK:PIPA) declined 14.92% or 27.00 points to finish at 154.00, and Sanurhasta Mitra PT (JK:MINA) was down 14.19% or 42.00 points to 254.00 at the close.
Market breadth on the Jakarta Stock Exchange skewed negative, with 397 stocks falling versus 329 advancing and 135 unchanged.
Nusantara Almazia (JK:NZIA) also reached a 52-week high during the session, closing up 34.31% or 47.00 at 184.00.
Commodities traded lower on the day. Crude oil for March delivery fell 1.78% or 1.16 to $63.98 a barrel. Brent oil for April delivery declined 1.76% or 1.22, settling at $68.24 a barrel. The April Gold Futures contract slipped 0.19% or 9.41 to trade at $4,941.39 a troy ounce.
Currency moves showed modest IDR appreciation against major pairs. USD/IDR was up 0.45% at 16,840.40, while AUD/IDR rose 0.22% to 11,755.76. The US Dollar Index Futures was up 0.10% at 97.59.
Overall, the session combined a small headline decline for the benchmark with notable volatility at the single-stock level, and weakness in oil and gold prices alongside modest strengthening in the Indonesian rupiah.