Story
Indonesian Stocks Close Flat as Sector Gains Offset Broader Declines
Indonesia's benchmark stock index finished Friday's session virtually unchanged, closing with a marginal gain as strength in key sectors was offset by broader market weakness.
The IDX Composite Index edged up by 0.01% at the close of trading in Jakarta, according to market data. The slight advance was primarily driven by positive performance in the Financials, Agriculture, and Basic Industry sectors.
Mixed Market Sentiment
Despite the index's flat finish, underlying market sentiment was negative. According to exchange data, falling stocks outnumbered advancing ones by a margin of 370 to 265, with an additional 195 issues ending the day unchanged. This indicates that while a few sectors provided support, the majority of listed companies saw their share prices decline.
Top Movers
Several individual stocks experienced significant volatility during the session. The day's top performers on the IDX Composite included:
Ad- Green Power Group Tbk PT (JK:LABA), which surged 28.13%.
- Sunson Textile Manufacturer (JK:SSTM), which added 25.00%.
- Bhineka Inovasi Ketahanan Energi Tbk PT (JK:BIKE), climbing 24.52%.
Among the session's worst performers were Kian Santang Muliatama PT (JK:RGAS), which fell 14.91%, and Tempo Inti Media Tbk (JK:TMPO), which dropped 14.29%.
Currency and Commodity Markets
In the currency markets, the Indonesian Rupiah showed modest strength against the U.S. dollar, with the USD/IDR pair declining by 0.10% to 17,697.60. This move came as the US Dollar Index Futures, a measure of the greenback's strength against a basket of currencies, rose 0.05%.
Global energy prices saw a slight downturn. Crude oil futures for October delivery fell 0.47% to $83.14 a barrel, while Brent oil for November delivery dipped 0.33% to $88.23 a barrel.
Read next
More on Stocks
FTC Orders Walmart, Uber, Delta to Disclose Data on Personalized Pricing
The U.S. Federal Trade Commission is demanding nine major companies, including leading retail, travel, and gig economy firms, to provide information on how they use consumer data for setting individual prices and wages.
Google Launches Gemini 4 Carbon AI Model to Bolster Cybersecurity Capabilities
Alphabet's Google has unveiled Gemini 4 Carbon, its latest AI model specifically designed for advanced cybersecurity tasks like vulnerability detection and secure code generation. The launch escalates competition with rivals OpenAI and Anthropic in the enterprise AI market.
Oracle Shares Surge After Unveiling $225 Billion Revenue Target for 2030
Oracle stock rose sharply after the company presented a long-term financial outlook targeting at least $225 billion in annual revenue by fiscal 2030, driven by its expanding AI infrastructure business.
DOJ Scrutinizes Nvidia's $12.9B Hugging Face Deal Amid Broader Antitrust Probe, Sources Say
The U.S. Department of Justice is reportedly examining Nvidia's planned $12.93 billion acquisition of AI platform Hugging Face as part of a wider, ongoing antitrust investigation into the chipmaker's market conduct.