Jakarta Stock Exchange Dips 1.50% Amid Sector-Wide Declines
Expert Analysis on Indonesia's Market Movement and its Financial Implications
Investing.com – Friday saw a downturn in Indonesia's stock market, driven by sector-wide losses that pulled down the Jakarta Composite Index (JKSE) by 1.50% at the close.
Key Performers:
- Sariguna Primatirta PT (JK:) witnessed a modest rise of 0.39%, adding 5.00 points to close at 1,280.00.
- Victoria Care Indonesia Tbk Pt (JK:) surged by an astonishing 535.00%, gaining 535.00 points to end at 635.00.
- Arwana Citramulia Tbk (JK:) experienced a notable increase of 475.00%, adding 570.00 points to close at 690.00.
Underperformers:
- Prasidha Aneka Niaga Tbk (JK:) plummeted 97.03%, losing 2,911.00 points to close at 89.00.
- Indospring Tbk (JK:) dropped 96.69%, shedding 8,702.00 points to end at 298.00.
- Logindo Samudramakmur Tbk (JK:) declined 96.57%, falling 2,704.00 points to 96.00.
The trading day saw 392 stocks in the red, 254 advancing, and 191 remaining unchanged.
Commodity Market Overview:
- Crude Oil (November Delivery): Fell 0.48%, or $0.34, to $70.82 per barrel.
- Brent Oil (November Delivery): Decreased by 0.51%, or $0.38, to $74.50 per barrel.
- Gold (December Futures Contract): Rose by 0.79%, or $20.75, to trade at $2,635.35 per troy ounce.
Currency Exchange Rates:
- USD/IDR: Decreased by 0.20% to 15,153.55.
- AUD/IDR: Fell by 0.25% to 10,321.14.
- US Dollar Index Futures: Increased by 0.10% to 100.42.
Analysis Breakdown
What Happened:
The Jakarta Composite Index fell by 1.50% due to widespread losses across various sectors. Significant declines in individual stocks like Prasidha Aneka Niaga, Indospring, and Logindo Samudramakmur contributed to the market's poor performance. Conversely, some stocks like Victoria Care Indonesia and Arwana Citramulia saw substantial gains.
How This Affects You:
A declining market can impact your investments, particularly if your portfolio includes Indonesian stocks. The fall in crude oil prices indicates potential lower costs for industries dependent on oil, which could affect commodity-linked investments. Currency fluctuations, particularly with the US Dollar, might influence your foreign investments or impact import/export businesses.
Understanding these movements can help you make informed decisions about buying, selling, or holding onto your investments. It’s crucial to stay updated on market trends to safeguard and potentially enhance your financial portfolio.
Stay ahead of the curve by monitoring these changes and consulting with financial advisors to adapt your investment strategy accordingly.