Indonesia's IDX Composite Hits 3-Month High on Broad Sector Gains

Indonesia's benchmark stock index closed higher on Tuesday, reaching its highest level in three months, as a broad-based rally lifted the market. The IDX Composite Index (JKSE) gained 0.97%, according to closing data from the Jakarta Stock Exchange.

Sector-Led Rally

The advance was primarily driven by strong performance in several key areas of the economy. Gains in the Infrastructure, Financials, and Agriculture sectors provided the main impetus for the index's upward move.

Market breadth was positive, indicating widespread investor confidence. Data showed that 374 stocks advanced while 256 declined, and 202 issues finished the session unchanged.

Standout Movers

A number of individual stocks saw significant price movements during the session. The top performers on the IDX Composite included:

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• Pool Advista Finance Tbk PT (JK:POLA), which surged 34.62%.
• Bukit Darmo Property Tbk (JK:BKDP), which added 34.13% to reach a 5-year high.
• Hotel Sahid Jaya Tbk (JK:SHID), climbing 25.00%.

On the other end, the session's biggest laggards were Nusantara Almazia (JK:NZIA), down 13.16%, and Lotte Chemical Titan Tbk PT (JK:FPNI), which fell 12.88%.

Commodities and Currency Context

In the broader markets, energy prices saw notable gains. Crude oil for October delivery rose 3.42% to $94.61 a barrel, while November Brent oil increased 2.40% to $99.33 a barrel. In contrast, December Gold Futures fell 0.85%.

In foreign exchange, the Indonesian Rupiah was slightly weaker against the U.S. dollar, with the USD/IDR pair up 0.10% to 17,633.70. The US Dollar Index Futures, which tracks the greenback against a basket of other major currencies, was down 0.24% at 98.92.