Indonesia's IDX Composite Index Experiences Minor Decline
Indonesia's Stock Market Overview
Recently, Indonesia's stock market has shown some volatility, with the IDX Composite Index registering a decline of 0.18%. This downturn was largely influenced by significant losses in major sectors, including Financials, Infrastructure, and Agriculture. Market participants closely monitor these sectors as economic indicators often reflect broader financial trends.
Key Performers of the IDX Composite Index
Best Performers
Among the noteworthy performers during the trading session were Indonesian Paradise Property (JK: INPP). Despite the overall market slump, this stock managed to retain a measured presence, ultimately declining by 2.90% or 30.00 points, closing at 1,005.00. In stark contrast, Samindo Resources Tbk (JK: MYOH) displayed a remarkable increase of 770.00% or 1,155.00 points, ending the day at 1,305.00. Another standout was Pelita Teknologi Global PT Tbk (JK: CHIP), which soared by 728.13% or 1,165.00 points, reaching a closing price of 1,325.00.
Worst Performers
Conversely, several stocks just didn’t fare as well. Intikeramik Alamasri Industri (JK: IKAI) was among the most adversely affected, plummeting 98.53% or 739.00 points to close at a mere 11.00. Similarly, Minna Padi Investama Tbk (JK: PADI) and Bank Maybank Indonesia Tbk PT (JK: BNII) faced severe losses, dropping by 97.97% and 97.89%, respectively.
Market Activity and Statistics
The trading day was characterized by a broader trend of falling stocks, outpacing those that advanced. Specifically, on the Jakarta Stock Exchange, there were 394 declining stocks compared to 279 that saw gains, leaving 169 stocks unaffected.
Commodity Market Trends
In related market news, crude oil prices saw a downturn; for November delivery, it decreased by 2.34% or 1.63, settling at $68.06 per barrel. Similarly, Brent oil for December delivery fell by 2.22% or 1.62, reaching $71.28 per barrel. Interestingly, the gold futures market exhibited a contrasting trend, with the December Gold Futures contract rising by 0.28% or 7.55 to trade at $2,692.25 per troy ounce.
Currency Exchange Insights
In foreign exchange, the USD/IDR rate witnessed a modest decline of 0.46%, adjusting to 15,129.20. On the other hand, the AUD/IDR showed slight growth, increasing by 0.15% to 10,385.89. Furthermore, the US Dollar Index Futures experienced negligible movement, reflecting a downshift of only 0.01% at 100.61.
Frequently Asked Questions
What contributed to the decline in the IDX Composite Index?
The decline was primarily influenced by losses in key sectors such as Financials, Infrastructure, and Agriculture.
Which stocks performed the best during the trading session?
Samindo Resources Tbk (JK: MYOH) and Pelita Teknologi Global PT Tbk (JK: CHIP) were standout performers, recording substantial increases.
What was the trend in commodity prices on that day?
Crude oil prices fell, while gold futures saw a slight increase, indicating mixed trends in the commodities market.
How did the currency exchange rates perform?
The USD/IDR fell marginally, whereas the AUD/IDR noted a slight rise, suggesting varied trends in the currency market.
What was the market breadth like on the Jakarta Stock Exchange?
Falling stocks outnumbered gaining stocks by a ratio of over 1.4 to 1, indicating predominant bearish sentiment in the market.
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