Market Overview#
Indonesia's stock market experienced a downturn at the close of trading on Wednesday. The Jakarta Stock Exchange Composite Index fell by 0.58%, reflecting challenges in several key sectors.
Sector Performance#
The decline was primarily influenced by losses in the Infrastructure, Agriculture, and Basic Industry sectors. This indicates that companies within these areas faced difficulties, leading to a broader market decline.
Notable Movers#
Despite the overall drop, some stocks saw significant gains. Danasupra Erapacific Tbk surged by 34.83%, adding 31 points to close at 120.00. Griptha Putra Persada Tbk PT increased by 25.00%, ending at 65.00, while Ace Oldfields PT rose by 23.61%, closing at 89.00.
On the other hand, several stocks faced substantial losses. Bank Artha Graha Internasional fell by 14.57%, losing 29 points to trade at 170.00. Indospring Tbk declined by 14.38%, ending at 625.00, and Hotel Fitra International Tbk PT dropped by 14.29%, closing at 510.00.
Market Statistics#
Overall, declining stocks outnumbered those that rose, with 377 stocks falling compared to 327 that increased, while 155 remained unchanged on the Jakarta Stock Exchange.
Commodity Update#
In commodities, crude oil prices saw an increase, with April delivery rising by 2.78% to $85.77 per barrel. Brent oil for May delivery also climbed by 2.44% to $89.94 per barrel. However, gold futures for April fell by 0.96% to $5,191.65 per troy ounce.
In currency markets, the Indonesian Rupiah weakened against the US Dollar, with the USD/IDR rising by 0.46% to 16,880.00. The Australian Dollar also appreciated against the Rupiah, increasing by 0.78% to 12,089.04.