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Indonesia Stocks Close Lower; IDX Composite Index Falls 1.26%

Indonesia stocks concluded Friday’s session on a downward trajectory, with losses primarily driven by the Infrastructure, Financials, and Agriculture sectors.

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By the close in Jakarta, the IDX Composite Index dropped 1.26%, reaching a new six-month low.

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Leading the gains on the IDX Composite Index were Metropolitan Kentjana Tbk (JK:MKPI), surging by 1,186.90% or 24,925.00 points to trade at 27,025.00 at the session’s end. Pelita Teknologi Global PT Tbk (JK:CHIP) followed, climbing 1,100.00% or 1,760.00 points to close at 1,920.00, while Sumber Alfaria Trijaya Tbk (JK:AMRT) rose 0.37% or 10.00 points to 2,730.00 in late trading.

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However, the session saw notable declines, with Bakrie & Brothers Tbk (JK:BNBR) being the biggest loser, plummeting by 99.75% or 7,955.00 points to trade at 20.00 at the close. Ratu Prabu Energi Tbk (JK:ARTI) also recorded a significant decline of 99.54% or 647.00 points, ending at 3.00, while Multipolar Tbk (JK:MLPL) fell 99.50% or 10,448.00 points to 52.00.

On the Jakarta Stock Exchange, falling stocks outnumbered advancing ones, with 499 declining against 155 advancing, while 152 remained unchanged.

Bakrie & Brothers Tbk (JK:BNBR) witnessed an all-time low, plummeting 99.75% or 7,955.00 to 20.00.

In commodities trading, crude oil for July delivery fell by 0.70% or 0.55 to $78.07 a barrel. Brent oil for delivery in August also experienced a decline of 0.53% or 0.44, reaching $82.31 a barrel. Conversely, the August Gold Futures contract rose by 0.65% or 15.00 to trade at $2,333.00 a troy ounce.

The USD/IDR pair rose by 0.82% to 16,416.95, while the AUD/IDR pair increased by 0.44% to 10,856.94.

The US Dollar Index Futures experienced a slight decline of 0.03% at 105.16.

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