Story
Indonesian Stocks Fall to 1-Month Low, Weighed Down by Financial Sector
Summary
Indonesia's benchmark stock index, the IDX Composite, fell 0.40% on Wednesday to its lowest level in a month, dragged down by losses in the financial, agriculture, and basic industry sectors.
Indonesia’s benchmark stock index closed at a new one-month low on Wednesday, as losses in key sectors pulled the market lower. The IDX Composite Index finished the session down 0.40%, reflecting broad-based selling pressure.
Sector and Stock Movers
The decline was led by significant losses in the Financials, Agriculture, and Basic Industry sectors. Market breadth was negative, with 354 stocks falling on the Jakarta Stock Exchange, while 342 advanced and 134 ended the session unchanged.
Despite the overall market downturn, several stocks posted significant gains:
- Artha Mahiya Investama Tbk PT (JK:AIMS) surged by 25.00%.
- Steady Safe TBK PT (JK:SAFE) also rose by 25.00%.
- Satria Antaran Prima Tbk PT (JK:SAPX) climbed 24.69%.
On the other end, the session's worst performers included:
Ad- Alakasa Industrindo Tbk (JK:ALKA), which plummeted 14.86%.
- Alsok Indonesia Services Tbk PT (JK:SOSS), down 14.80%.
- Fortune Indonesia Tbk (JK:FORU), which lost 14.50%.
Broader Market Context
In commodity markets, energy and precious metals saw gains. Crude oil futures for November delivery rose 0.32% to $89.67 a barrel, while the December Gold Futures contract increased by 1.22% to trade at $4,230.87 a troy ounce.
In foreign exchange, the Indonesian Rupiah strengthened against the U.S. dollar, with the USD/IDR pair declining 0.18% to 17,890.00. The US Dollar Index Futures, which tracks the greenback against a basket of other currencies, edged lower by 0.11% to 101.01.
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