Market Overview#
On Friday, Indonesia's stock market closed lower, with the Jakarta Stock Exchange Composite Index dropping by 2.95%. This decline marks a new six-month low for the index, reflecting challenges in several key sectors, including Infrastructure, Financials, and Agriculture.
Notable Performers#
Despite the overall downturn, some companies saw significant gains. Asia Pramulia Tbk PT (JK:ASPR) led the way with an impressive increase of 28.37%, rising 40 points to close at 181.00. Rockfields Property Indonesia PT (JK:ROCK) also performed well, gaining 24.86% or 450 points to finish at 2,260.00. Another notable gainer was Duta Pertiwi Tbk (JK:DUTI), which rose 24.81%, adding 970 points to end at 4,880.00.
Major Declines#
On the flip side, several stocks faced significant losses. Hotel Fitra International Tbk PT (JK:FITT) dropped 14.75%, losing 64 points to trade at 370.00. Aesler Grup Internasional Tbk PT (JK:RONY) fell 14.74%, down 255 points to close at 1,475.00, while Fast Food Indonesia Tbk (JK:FAST) decreased by 14.71%, shedding 50 points to finish at 290.00. Overall, declining stocks outnumbered rising ones by a ratio of 675 to 99, with 87 stocks remaining unchanged.
Commodities and Currency Update#
In commodities trading, crude oil prices saw a slight increase, with April delivery rising 1.32% to $96.99 per barrel and Brent oil for May delivery up 1.25% to $101.72 per barrel. However, gold futures for April fell by 0.98%, trading at $5,075.35 per troy ounce. In currency markets, the US dollar strengthened against the Indonesian rupiah, rising 0.63% to 16,962.30, while the Australian dollar weakened by 0.47% to 11,888.50.