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Indonesia Stocks Close Higher; IDX Composite Index Gains 1.56%

Jakarta, Indonesia – Indonesian stocks ended higher on Friday, driven by gains in the Financials, Infrastructure, and Agriculture sectors.

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The IDX Composite Index closed with a gain of 1.56% at the close of trading.

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Leading the session’s gains on the IDX Composite Index was DCI Indonesia Tbk PT (JK:DCII), soaring by 8,269.05% or 34,730.00 points to reach 35,150.00 by the closing bell. Indoritel Makmur Internasional (JK:DNET) followed with an increase of 1,880.00% or 4,700.00 points, closing at 4,950.00, while Indonesian Paradise Property (JK:INPP) rose by 928.57% or 975.00 points to finish at 1,080.00.

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Conversely, Himalaya Energi Perkasa Tbk PT (JK:HADE) suffered the session’s largest decline, falling 99.05% or 208.00 points to trade at 2.00 at the close. Intikeramik Alamasri Industri (JK:IKAI) and Bumi Teknokultura Unggul Tbk (JK:BTEK) also faced significant declines of 98.93% and 98.40% respectively.

Market breadth favored advancing stocks, with 373 stocks rising, 264 declining, and 184 unchanged on the Jakarta Stock Exchange.

In commodities trading, crude oil prices for August delivery dipped slightly, with Brent oil also declining. Meanwhile, the August Gold Futures contract rose modestly.

The USD/IDR pair edged lower by 0.14% to 16,465.25, while the AUD/IDR pair fell 0.15% to 10,956.80.

The US Dollar Index Futures was up 0.15% at 105.39, reflecting modest strength in the greenback against a basket of major currencies.

Overall, Indonesian equities showed resilience with broad-based gains across key sectors, contributing to the positive sentiment on the IDX Composite Index.

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