Indonesia stocks lower at close of trade; IDX Composite Index down 11.35%

Indonesian stocks fell at the close of trade on Friday, with the IDX Composite Index declining 11.35% to its lowest point in five years. The Infrastructure, Financials, and Agriculture sectors contributed to the losses. Bank Of India Indonesia Tbk (JK:BSWD) emerged as the top gainer, surging 25.00% or 1,125.00 points to 5,625.00.

Asuransi Bina Dana Arta Tbk (JK:ABDA) and Guna Timur Raya PT (JK:TRUK) also recorded impressive gains, rising 24.93% and 24.81%, respectively. In contrast, MNC Asia Holding Tbk PT (JK:BHIT), Graha Layar Prima Tbk (JK:BLTZ), and Pacific Strategic Financial (JK:APIC) were the worst performers, falling 15.00% each. Shares in Bank Of India Indonesia Tbk hit five-year highs, while MNC Asia Holding Tbk and Guna Timur Raya PT reached all-time lows.

The December Brent oil contract declined 0.81% to $105.06, and the December Gold Futures rose 0.85% to $4,205.75. USD/IDR appreciated 0.57% to 17,997.80, and AUD/IDR increased 1.06% to 12,530.58. The US Dollar Index Futures decreased by 0.30% to 101.56.