Indonesian Stocks Close Lower; IDX Composite Index Falls 0.68%

Indonesian stocks finished lower on Monday, with the benchmark IDX Composite Index falling 0.68% as declines in the infrastructure, financial, and agriculture sectors weighed on the market.

Session in Detail

At the close of trading in Jakarta, market sentiment was negative, with falling stocks outnumbering advancing ones. According to data from the Jakarta Stock Exchange, 394 companies saw their shares decline, compared to 272 advancers, while 169 stocks ended the session unchanged.

Notable Stock Movers

Despite the broader market decline, several stocks posted significant gains. The day's top performers included:

• Digital Mediatama Maxima PT (DMMX), which surged by 35.00%.
• Saranacentral Bajatama Tbk (BAJA), which added 34.55% to reach a three-year high.
• Nusantara Voucher Distribution Tbk PT (DIVA), climbing 30.09%.

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On the other end of the spectrum, the session's worst performers were Puri Sentul Permai Tbk PT (KDTN), which fell 14.09%, and Multipolar Technology Tbk (MLPT), which declined 10.11%.

Broader Market Context

The drop in Indonesian equities occurred alongside significant moves in global commodity and currency markets. Crude oil prices saw a sharp decline, with September futures falling 6.38% to $83.61 a barrel and October Brent crude dropping 6.10%.

In foreign exchange, the Indonesian rupiah weakened against the U.S. dollar. The USD/IDR pair rose 0.63% to 18,020.90, according to market data. In contrast, August gold futures saw a modest gain, rising 0.55% to trade at $4,093.00 a troy ounce.