Investing.com – Indonesia stocks experienced a slight dip after the market closed on Wednesday, primarily driven by declines in key sectors.
At the end of the trading day in Jakarta, the IDX Composite Index slipped by 0.06%.
Top performers of the session included Indonesian Paradise Property (JK:), which saw an extraordinary rise of 914.29%, adding 960.00 points to close at 1,065.00. In contrast, Bank Negara Indonesia Tbk (JK:) remained unchanged at 5,700.00, while Bank Woori Saudara Indonesia 1906 (JK:) surged by 300.00%, gaining 345.00 points to close at 460.00.
On the downside, Express Transindo Utama Tbk (JK:) plummeted by 99.11%, losing 555.00 points to close at 5.00. Surya Toto Indonesia Tbk (JK:) fell by 98.45%, shedding 14,078.00 points to end at 222.00, and Millennium Pharmacon International (JK:) decreased by 97.32%, dropping 4,866.00 points to 134.00.
Overall, declining stocks outnumbered advancing ones on the Jakarta Stock Exchange, with 423 stocks falling, 257 advancing, and 159 remaining unchanged.
In the commodities market, crude oil for October delivery increased by 2.14%, or 1.41, to settle at $67.16 per barrel. Brent oil for November delivery climbed by 1.94%, or 1.34, to reach $70.53 per barrel. Meanwhile, the December Gold Futures contract inched up by 0.37%, or 9.30, to trade at $2,552.40 per troy ounce.
In currency trading, USD/IDR fell by 0.39% to 15,414.30, and AUD/IDR decreased by 0.23% to 10,268.24.
The US Dollar Index Futures also saw a decline, down by 0.19% to stand at 101.40.
SEO Optimized Title: "Indonesia Stock Market Dips: Key Sector Losses, Top Gainers & Losers, and Commodity Updates"
Analysis: Breaking it Down for Everyone
Alright, let’s make this simple. What happened today in the Indonesian stock market? The overall market dropped slightly by 0.06%. Some companies did really well, like Indonesian Paradise Property, which skyrocketed by over 900%! Others, like Express Transindo Utama, took a massive hit, falling by almost 100%.
More stocks were down than up, with 423 losers versus 257 gainers. In the world of oil and gold, both saw price increases. Crude oil prices went up by about 2%, and gold prices also inched higher.
For currency, the Indonesian Rupiah strengthened a bit against the US Dollar and Australian Dollar. The US Dollar Index, which measures the value of the dollar against other currencies, also fell slightly.
So, how does this affect you? If you’re invested in the Indonesian market, you might have seen some losses today unless you’re holding stocks like Indonesian Paradise Property. The rise in commodity prices could mean higher costs for goods, but also potential gains if you’re invested in these assets. And the currency movements can impact everything from travel costs to import prices.