Indonesia's IDX Composite Closes Marginally Higher, Led by Infrastructure Stocks

Indonesian stocks finished Thursday's trading session with a marginal gain, as strength in the infrastructure and agriculture sectors helped the main benchmark index close in positive territory.

Market Performance in Jakarta

The IDX Composite Index, the main benchmark for the Jakarta Stock Exchange, edged up 0.07% by the close of trade. The modest advance was primarily supported by gains across the Infrastructure, Agriculture, and Basic Industry sectors.

Market breadth indicated mixed sentiment among investors, though advancers slightly outnumbered decliners. According to exchange data, 331 stocks rose, while 304 fell and 201 finished the session unchanged.

Standout Stock Movers

Several individual stocks posted significant price changes during the session. The day's top performers on the IDX Composite included:

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• Multipolar Technology Tbk (JK:MLPT), which surged 24.92%.
• Champ Resto Indonesia PT (JK:ENAK), which added 22.95%.
• Repower Asia Indonesia PT (JK:REAL), which climbed 20.00%.

On the other end, the worst-performing stocks included Saraswanti Indoland Development PT (JK:SWID), which fell 8.47%, and Alkindo Naratama Tbk (JK:ALDO), which declined 8.33%.

Broader Market Context

In global commodity markets, energy prices saw notable gains. Crude oil futures for September delivery rose 2.83% to $89.29 a barrel, while the international benchmark Brent oil contract climbed 3.81% to $97.65 a barrel.

In foreign exchange, the Indonesian Rupiah weakened slightly against the U.S. dollar, with the USD/IDR pair rising 0.12% to 17,882.80. The US Dollar Index Futures, which measures the dollar against a basket of major currencies, was nearly flat, trading down 0.01% at 100.94.