Indonesia's IDX Composite Ends Slightly Higher by 0.04%

IDX Composite Closes With Marginal Gains

The Indonesian stock market saw a slight increase on Wednesday, with the IDX Composite Index closing 0.04% higher. The modest gains were primarily driven by positive performance in the Financials, Agriculture, and Basic Industry sectors.

Market Performance Overview

Despite the index's rise, market sentiment was mixed, as falling stocks outnumbered advancing ones 440 to 284, with 131 stocks remaining unchanged. Among the top performers, Martina Berto Tbk (MBTO) surged by 34.51%. In contrast, MD Pictures Tbk PT (FILM) was one of the worst performers, declining by 15.00%.

Currency and Commodity Movements

In the currency market, the USD/IDR pair edged up by 0.11% to 16,763.30. In commodities, crude oil prices for March delivery increased by 0.51%, while Brent oil for April delivery rose by 0.36%. The US Dollar Index Futures experienced a minor dip of 0.07%.

Concluding Outlook

The narrow advance of the IDX Composite highlights a selective investor focus on specific sectors. The broader market showed weakness with more decliners than advancers, suggesting underlying caution among traders. Future movements will likely depend on sustained strength in these key industries.

FAQ

Q: Which sectors led the gains in the Indonesian market?
A: The Financials, Agriculture, and Basic Industry sectors were the primary drivers of the gains.

Q: What was the final change for the IDX Composite Index?
A: The index rose by 0.04% at the close of trade.

Q: How did the overall market breadth look?
A: Declining stocks led advancing ones, with 440 falling compared to 284 rising.

Source: Investing.com