Market Overview#
Indonesia's stock market saw positive movement on Tuesday, with the Jakarta Stock Exchange Composite Index increasing by 1.38%. This rise was largely fueled by strong performances in the Infrastructure, Financials, and Agriculture sectors.
Top Performers#
Among the standout stocks, MDTV Media Technologies Tbk PT (JK:NETV) experienced a significant surge, climbing 29.41% or 20 points to close at 88.00. Yelooo Integra Datanet Tbk PT (JK:YELO) also saw impressive gains, rising 28.41% or 25 points to finish at 113.00. Additionally, Alakasa Industrindo Tbk (JK:ALKA) increased by 24.78% or 140 points, closing at 705.00.
Notable Declines#
On the other hand, some stocks faced losses. Indospring Tbk (JK:INDS) dropped 14.62% or 125 points, ending at 730.00. Hotel Fitra International Tbk PT (JK:FITT) fell by 14.39% or 100 points to close at 595.00, while Aesler Grup Internasional Tbk PT (JK:RONY) decreased by 14.03% or 310 points, finishing at 1,900.00.
Market Statistics#
Overall, advancing stocks outnumbered those that declined, with 521 stocks gaining and 217 losing ground. Additionally, 121 stocks remained unchanged on the Jakarta Stock Exchange. In commodities, crude oil prices dropped significantly, with April delivery down 7.75% to $87.43 a barrel, and Brent oil for May delivery falling 7.54% to $91.50. Gold futures, however, rose by 1.76% to $5,193.34 per troy ounce. The exchange rates showed a slight increase for the Indonesian Rupiah against the US Dollar and Australian Dollar.