Indonesia Stocks Higher at Close of Trade; IDX Composite Index Up 1.30%
At the close in Jakarta, the IDX Composite Index marked a robust 1.30% increase, signaling positive momentum in the Indonesian stock market.
Top Performers of the Day
Some companies saw substantial gains:
- MD Pictures Tbk PT soared 1,885.71%, adding 3,960.00 points to close at 4,170.00.
- Metropolitan Kentjana Tbk jumped 1,186.90%, gaining 24,925.00 points to end at 27,025.00.
- Bank Bumi Arta Tbk rose by 275.00%, increasing 440.00 points to reach 600.00 at the end of the session.
Worst Performers of the Day
However, not all companies fared well:
- Express Transindo Utama Tbk plummeted 99.82%, losing 559.00 points to close at a record low of 1.00.
- Keramika Indonesia Assosiasi fell 99.64%, dropping 2,740.00 points to end at 10.00.
- Totalindo Eka Persada Tbk PT declined 99.35%, shedding 308.00 points to close at 2.00.
Market Breadth
On the Jakarta Stock Exchange, rising stocks outnumbered declining ones with 353 gaining while 297 fell and 173 remained unchanged.
Record Lows
Notably:
- Shares in Express Transindo Utama Tbk fell to an all-time low of 1.00.
- Shares in Keramika Indonesia Assosiasi also hit an all-time low of 10.00.
Commodity Market Movements
In commodities trading:
- Crude oil for August delivery was slightly up by 0.05%, or 0.04, trading at $80.75 a barrel.
- Brent oil for August delivery rose by 0.31%, or 0.26, to $85.33 a barrel.
- The August Gold Futures contract edged up by 0.02%, or 0.40, trading at $2,347.30 a troy ounce.
Currency Movements
In currency trading:
- The USD/IDR was up by 0.48% to 16,469.25.
- The AUD/IDR increased by 0.44% to 10,984.38.
- The US Dollar Index Futures rose 0.23% to 105.12.
The strong performance of the IDX Composite Index today demonstrates the resilience and potential in the Indonesian market, despite some significant declines in specific stocks. With commodities and currencies also showing movements, financial analysts will be closely watching these trends for future investments.
