Indonesia's IDX Composite Index Rises 0.72% to Close Week

Indonesian stocks closed higher on Friday, with the benchmark IDX Composite Index advancing by 0.72%. The gains were primarily led by strength in the infrastructure, agriculture, and basic industry sectors, according to market data from the Jakarta Stock Exchange.

Sector and Stock Movers

Market breadth was positive, as rising stocks outnumbered declining ones by a margin of 437 to 228, while 165 stocks ended the session unchanged. This indicates broad-based participation in the day's rally.

Several companies saw significant price movements. The top performers on the index included:

• Optima Prima Metal Sinergi (JK:OPMS), which surged 27.62%.
• Prima Multi Usaha Indonesia Tbk PT (JK:PMUI), adding 26.51%.
• Prime Agri Resources Tbk PT (JK:SGRO), which climbed 24.85%.

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On the other end of the spectrum, the session's biggest decliners included Akasha Wira International Tbk (JK:ADES), which fell 8.66%, and Jakarta Setiabudi Internasional (JK:JSPT), down 8.75%.

Currency and Commodity Markets

In the currency market, the Indonesian Rupiah showed modest strength against the U.S. dollar, with the USD/IDR pair declining 0.12% to 18,012.80. Meanwhile, the U.S. Dollar Index Futures, which measures the greenback against a basket of major currencies, was up 0.34%.

Commodity markets saw a pullback in energy and precious metals. Crude oil futures for September delivery fell 0.99% to $82.76 a barrel, while Brent oil for October delivery slipped 0.77%. Gold futures also traded lower, declining by 0.77%.