Indonesian stocks closed lower on Monday, with the IDX Composite Index declining 0.60% amid losses in the Financials, Infrastructure and Agriculture sectors. Declining shares outnumbered advancers by 396 to 259 on the Jakarta Stock Exchange, as reported by market data. Top gainers included Pelangi Indah Canindo, Data Sinergitama Jaya and Steady Safe, while Intermedia Capital and Harta Djaya Karya led the decliners.
IDX Composite Falls 0.60% as PICO Surges 34% and SAFE Hits Record High
The IDX Composite Index fell 0.60% at the close in Jakarta. Pelangi Indah Canindo Tbk (PICO) surged 34.31% or 47 points to 184.00, Data Sinergitama Jaya Tbk (ELIT) rose 28.80% or 55 points to 246.00, and Steady Safe Tbk (SAFE) climbed 24.87% or 98 points to 492.00, reaching an all-time high.
On the downside, Intermedia Capital Tbk (MDIA) dropped 10.00% or 28 points to 252.00, Harta Djaya Karya Tbk (MEJA) fell 9.92% or 13 points to 118.00, and Bumi Teknokultura Unggul Tbk (BTEK) declined 9.09% or 1 point to 10.00. Falling stocks outnumbered rising ones by 396 to 259, with 176 unchanged.
In commodities, October crude oil fell 1.77% or $1.54 to $85.52 a barrel, while November Brent crude dropped 1.23% or $1.14 to $91.53. December gold futures edged up 0.08% or $3.84 to $4,684.44 a troy ounce. The USD/IDR rose 0.52% to 17,727.60, and the U.S. Dollar Index Futures advanced 0.23% to 98.96.
Financials, Infrastructure and Agriculture Weigh as USD/IDR Rises 0.52% and Oil Slips
Selling pressure concentrated in the Financials, Infrastructure and Agriculture sectors dragged the broader index lower. Large-cap banking names and other heavyweight stocks contributed to the decline, reflecting cautious sentiment. Broader risk-off tone in regional markets, softer oil prices and a stronger U.S. dollar against the rupiah added to the negative pressure. Gains in a handful of smaller-capitalisation stocks provided limited support and failed to offset the wider market weakness.
IDX Pulls Back After Friday’s Close Near 6,526 as Breadth Turns Negative
The IDX Composite had closed the previous week higher, with the index ending Friday at around 6,525–6,526 levels after a positive session. Monday’s pullback reversed early gains seen at the open. The session occurred against a backdrop of mixed Asian markets and elevated global yields, with investors monitoring commodity price moves and currency fluctuations. Steady Safe’s jump to a record high stood out amid otherwise soft trading conditions. Market breadth remained negative, with more stocks declining than advancing.
Focus Turns to Economic Data, Bank Indonesia Signals and Rupiah Stability
Investors will watch upcoming economic data releases, corporate earnings and any policy signals from Bank Indonesia. Movements in the rupiah, oil prices and regional equity markets are likely to influence near-term direction. Attention will also focus on whether foreign flows stabilise and whether key sectors such as Financials can recover in the sessions ahead.
Sources & Methodology
Primary-source standard: Market-moving facts should link to original data releases, regulator notices, company filings or official project announcements whenever available. Secondary reporting is used for additional context, not as a substitute for original evidence.
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