IDX Ends Week Higher as Raw Materials, Consumer Stocks Lead Gains
Jakarta. The Indonesia Stock Exchange’s benchmark stock index closed higher on Friday, extending gains ahead of the weekend as raw materials, consumer, and technology stocks led the rally.
The Jakarta Composite Index rose 58.67 points, or 0.73 percent, to finish at 8,099.33. Market breadth was mixed, with 346 stocks advancing, 338 declining, and 273 unchanged. Total transactions reached Rp 21.97 trillion ($1.3 billion).
The raw materials sector posted the strongest gain, up 2.84 percent, followed by non-primary consumer goods at 1.63 percent and technology at 1.38 percent. Other sectors also advanced, including healthcare (+1.07 percent), industrials (+1.06 percent), infrastructure (+1.03 percent), and energy (+0.95 percent).
On the downside, transportation stocks fell 1.48 percent, while property slipped 0.37 percent.
Biggest Movers
Among individual stocks, Topindo Solusi Komunika (TOSK), a technology startup, soared 34.67 percent, while construction firm Koka Indonesia (KOKA) climbed 34.31 percent.
Three other stocks advanced by the daily limit of 25 percent: Fast Food Indonesia (FAST), DFI Retail Nusantara (HERO), and Merdeka Battery Materials (MBMA).
By contrast, several counters saw sharp declines. Frozen food producer Sekar Bumi (SKBM) dropped 14.62 percent, houseware distributor Homeco Victoria Makmur (LIVE) fell 14.29 percent, and food distributor FKS Multi Agro (FISH) slid 10.20 percent. Engineering firm Isra Presisi Indonesia (ISAP) and bedcover retailer Soraya Berjaya Indonesia (SPRE) each lost 10 percent.
The session reflected strong investor appetite for raw materials and consumer-related stocks, even as select transport and property counters weighed on the broader market.
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