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Jakarta Composite Index Gains 1.13% to Reach Three-Month High
Indonesia's primary stock market benchmark, the IDX Composite Index, advanced 1.13% on Thursday to close at a new three-month high. The rally was supported by strong performance in key sectors, indicating positive investor sentiment.
Thursday's Trading Session
The IDX Composite Index saw broad participation in its upward move. According to data from the Jakarta Stock Exchange, rising stocks significantly outnumbered declining ones by a margin of 409 to 242, while 185 stocks ended the session unchanged. The gains were led by the Financials, Infrastructure, and Agriculture sectors.
Notable Stock Movements
Several companies experienced significant price movements during the session:
- PT Mizuho Leasing Indonesia Tbk (VRNA) was the top performer, gaining 33.78% to close at a 52-week high of 99.00.
- Guna Timur Raya PT (TRUK) rose 25.00%, ending the day at an all-time high of 1,075.00.
- Pt Pakuan Tbk (UANG) also posted a strong gain of 24.90%.
AdOn the other end of the spectrum, the session's worst performers included Global Digital Niaga Tbk PT (BELI), which fell 12.81%, and Bekasi Asri Pemula Tbk (BAPA), which declined 10.83%.
Currency and Commodity Markets
In currency markets, the Indonesian Rupiah strengthened against the U.S. dollar, with the USD/IDR pair declining 0.16% to 17,655.70. This coincided with broader dollar weakness, as the U.S. Dollar Index Futures fell 0.32%.
Commodity prices showed a mixed picture. Crude oil for October delivery edged down 0.41% to $90.64 a barrel, while Brent oil for November delivery fell 0.42%. In contrast, the December Gold Futures contract saw a significant increase, rising 1.58% to trade at $4,484.30 a troy ounce.
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