Indonesian equities retreated at the close of trade on Wednesday, with the IDX Composite Index falling 0.98% as losses in financials, infrastructure and agriculture sectors outweighed gains elsewhere.
Declining issues outnumbered advancers by 570 to 151, with 111 stocks unchanged on the Jakarta Stock Exchange. The broad-based retreat came despite sharp advances in a handful of smaller-cap names.
The IDX Composite Index closed at 7,324.50, down 72.30 points from the prior session. Financial heavyweights such as Bank Rakyat Indonesia and Bank Mandiri contributed to the decline, while infrastructure names including Waskita Karya and Jasa Marga also weighed on the benchmark.
Among the top gainers, Tempo Inti Media Tbk surged 34.76% to 252.00 rupiah after reporting a surge in digital advertising revenue, while Adhi Kartiko Pratama Tbk rose 25.00% to 340.00 rupiah following contract wins in highway maintenance. Steady Safe Tbk reached an all-time high, climbing 25.00% to 615.00 rupiah.
The sharpest losses were seen in Lancartama Sejati Tbk, which fell 12.31% to 228.00 rupiah, and Personnel Alih Daya Tbk, down 12.17% to 202.00 rupiah. Yelooo Integra Datanet Tbk declined 11.83% to 82.00 rupiah.
Commodities extended their recent pullback, with October crude oil futures down 2.78% to $80.07 a barrel and November Brent crude falling 2.43% to $85.15 a barrel. December gold futures slipped 0.20% to $4,685.24 an ounce.
The Indonesian rupiah firmed 0.07% against the dollar to 17,692.90, while the Australian dollar rose 0.29% to 12,715.68. U.S. Dollar Index futures were up 0.02% at 98.86.
