Indonesia's equity benchmark closed marginally lower on Thursday, with selling concentrated in Infrastructure, Financials and Agriculture stocks that pulled the IDX Composite down 0.09% at the Jakarta market's close.
The session produced a handful of sharp individual moves. Leading gainers included Cipta Selera Murni Pt (JK:CSMI), which surged 26.25% or 21.00 points to finish at 101.00. Alakasa Industrindo Tbk (JK:ALKA) climbed 24.57% or 215.00 points to close at 1,090.00, marking a new all-time high for the stock. Maja Agung Latexindo PT Tbk (JK:SURI) also finished higher, rising 15.25% or 9.00 points to 68.00.
On the other end of the tape, Hotel Fitra International Tbk PT (JK:FITT) declined 14.90% or 76.00 points to end the day at 434.00. Aesler Grup Internasional Tbk Pt (JK:RONY) lost 14.81% or 280.00 points to close at 1,610.00, while Fast Food Indonesia Tbk (JK:FAST) fell 14.57% or 58.00 points to 340.00.
Market breadth in Jakarta tilted toward losers, with 491 stocks falling against 218 advancers; 152 shares finished unchanged.
Outside equities, commodity prices moved higher on the session. Crude oil for April delivery rose 5.56% or $4.85 to $92.10 a barrel. Brent oil for May delivery gained 6.43% or $5.91 to $97.89 a barrel. Precious metals also edged up, with the April Gold Futures contract adding 0.10% or $5.25 to trade at $5,184.35 a troy ounce.
Currency markets showed a modest depreciation for the rupiah versus the dollar, with USD/IDR up 0.16% at 16,875.80. AUD/IDR moved lower, down 0.10% to 12,048.48. The US Dollar Index Futures registered a gain of 0.17% at 99.39.
The close leaves the IDX Composite slightly in the red for the day, even as several individual names posted strong percentage gains and global commodity benchmarks climbed. The session highlighted divergence between headline index movement and outsized individual stock swings.