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Indonesia's IDX Composite Gains 0.57%, Led by Infrastructure and Financial Stocks
Indonesia's benchmark stock index, the IDX Composite, finished Monday's trading session in positive territory, rising 0.57%. The advance was primarily driven by strong performance in the infrastructure, financials, and agriculture sectors, according to closing data from the Jakarta Stock Exchange.
Sector and Stock Movers
Several individual stocks posted significant gains, leading the market higher. Among the day's top performers were:
- Bukit Darmo Property Tbk (BKDP), which surged 34.95% to close at 139.00, a new 5-year high for the stock.
- Trimitra Propertindo Tbk PT (LAND), which climbed 28.57% to end the session at 81.00.
- PT VKTR Teknologi Mobilitas (VKTR), which rose 25.00% to finish at 650.00.
On the other end of the spectrum, Niramas Utama Tbk PT (JELI) was one of the session's worst performers, falling 14.72%. It was followed by Ristia Bintang Mahkotasejati (RBMS), which declined 10.61%, and Singaraja Putra (SINI), which dropped 9.81%.
AdMarket Breadth and Currency Context
Despite the positive close for the main index, the market's overall breadth was negative. Data from the Jakarta Stock Exchange showed that 338 stocks fell, while only 280 advanced, with 216 issues ending the day unchanged. This indicates that Monday's gains were not broad-based across the entire market.
In currency markets, the Indonesian Rupiah weakened against the U.S. dollar, with the USD/IDR pair rising 0.40% to 18,108.00. Meanwhile, global commodity prices were mixed, with Brent crude oil futures for September delivery rising 2.83% to $78.16 a barrel, while August Gold Futures fell 0.81%.