IDX Composite Falls 0.66% as Financial and Infrastructure Stocks Weigh

Indonesia's primary stock market benchmark, the IDX Composite Index, finished Tuesday's trading session in negative territory, closing down by 0.66%. The decline was driven by widespread selling pressure, particularly in systemically important sectors.

Sector-Led Decline

According to market data from the close in Jakarta, the downturn was led by notable losses in the Financials, Infrastructure, and Agriculture sectors. Market breadth confirmed the negative sentiment, with falling stocks significantly outnumbering advancing ones on the Jakarta Stock Exchange by a margin of 378 to 273, while 187 stocks ended the session unchanged.

Notable Movers

Despite the overall market weakness, several companies posted significant gains. The day's top performers included:

• Alakasa Industrindo Tbk (ALKA), which surged 24.73% to reach an all-time high of 1,715.00.
• FKS Food Sejahtera Tbk PT (AISA), which added 25.71% to close at 132.00.
• Mitra Energi Persada Tbk PT (KOPI), which rose 23.71% to end at 240.00.

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On the other end of the spectrum, the session's biggest decliners were led by Puri Sentul Permai Tbk PT (KDTN), which fell 14.89%, and Maha Properti Indonesia Tbk PT (MPRO), which dropped 14.56%.

Broader Market Context

The slide in Indonesian equities occurred alongside a downturn in global commodity markets. Crude oil futures for September delivery fell 2.86% to $80.25 a barrel, while the international benchmark Brent oil contract for October delivery declined 3.00%.

In currency markets, the Indonesian Rupiah weakened against the U.S. dollar, with the USD/IDR pair rising 0.43% to 18,077.80. Meanwhile, Gold Futures also saw a decline, falling 0.76% to trade at $4,045.85 per troy ounce.