Indonesia's stock market finished Friday with gains, as strength in the Financials, Agriculture and Basic Industry sectors pushed the IDX Composite Index higher by 0.88% at the close in Jakarta.
Leading the session's winners were Eratex Djaja Tbk (JK:ERTX), Ever Shine Textile Industry (JK:ESTI) and Nusantara Almazia (JK:NZIA). Eratex Djaja climbed 35.00%, adding 70.00 points to finish at 270.00. Ever Shine Textile Industry advanced 34.67%, a 52.00-point increase to close at 202.00, while Nusantara Almazia rose 34.09%, gaining 30.00 points to end trading at 118.00.
On the downside, Royalindo Investa Wijaya (JK:INDO) led decliners with a 14.97% drop, losing 56.00 points to settle at 318.00. Kioson Komersial Indonesia Tbk PT (JK:KIOS) declined 14.29%, down 22.00 points to 132.00, and Langgeng Makmur Industri Tbk (JK:LMPI) fell 13.43%, slipping 36.00 points to 232.00 by the close.
Market breadth favored advancers on the Jakarta Stock Exchange, where 541 stocks rose, 233 fell and 75 finished unchanged.
Commodities traded lower during the session. Crude oil for March delivery fell 1.76%, or $1.15, to $64.27 a barrel. Brent oil for April delivery declined 1.72%, or $1.20, to $68.39 a barrel. Precious metals also moved lower, with the April Gold Futures contract down 4.71%, or $251.96, to trade at $5,102.84 a troy ounce.
In foreign exchange markets, the Indonesian rupiah weakened modestly against the US dollar. USD/IDR rose 0.24% to 16,785.90. By contrast, AUD/IDR moved lower by 0.39% to 11,752.86. The US Dollar Index Futures was up 0.25% at 96.38.
The session featured notable, concentrated moves among individual names while broader sector gains in Financials, Agriculture and Basic Industry helped lift the benchmark. Investors monitored commodity and currency moves that accompanied the equity market action.