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IDX Composite Gains 0.84% as Infrastructure and Financial Stocks Lead Rally
Indonesian equities finished Thursday's trading session on a positive note, with the benchmark IDX Composite Index advancing 0.84% as strength in key sectors propelled the market higher.
Market Performance
At the close in Jakarta, the IDX Composite Index's gain reflected broad positive sentiment across the exchange. Market breadth confirmed the upbeat mood, with data from the Jakarta Stock Exchange showing 364 advancing stocks compared to 272 decliners. An additional 197 securities ended the session unchanged.
Sector and Stock Movers
The rally was underpinned by strong performance in the Infrastructure, Financials, and Agriculture sectors. Several individual stocks posted significant gains, leading the market higher.
- First Media Tbk (JK:KBLV) surged 32.94%.
- Citatah Tbk (JK:CTTH) added 30.28%.
- Prasidha Aneka Niaga Tbk (JK:PSDN) climbed 26.61%.
AdOn the other side of the ledger, the session's worst performers included Bekasi Asri Pemula Tbk (JK:BAPA), which fell 14.74%, and Indal Aluminium Industry Tbk (JK:INAI), which declined 10.06%.
Broader Market Context
The gains in Indonesian stocks came amid softer prices in global commodity markets. Brent crude, the international oil benchmark, fell 0.72% for September delivery, while gold futures for August delivery declined 0.35%.
In foreign exchange, the Indonesian Rupiah strengthened against the U.S. dollar, with the USD/IDR pair falling 0.18% to 17,989.00. The U.S. Dollar Index Futures, which measures the currency against a basket of its peers, was up slightly by 0.05%.
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