Indonesia stocks higher at close of trade; IDX Composite Index up 0.41%

Indonesian stocks saw a rise at the close of trade on Monday, as gains in key sectors propelled the IDX Composite Index up by 0.41%. The Infrastructure, Agriculture, and Basic Industry sectors were the main drivers of the upward momentum. Menteng Heritage Realty Tbk PT emerged as the top performer, soaring 23.33% or 7.00 points to close at 37.00, while KDB Tifa Finance Tbk PT and MNC Vision Networks PT both added 25.00% each, ending the day at 310.00 and 20.00, respectively.

Conversely, Imago Mulia Persada Tbk PT suffered the steepest decline, eroding 8.87% or 55.00 points to trade at 565.00. Utama Radar Cahaya Tbk PT and Formosa Ingredient Factory PT Tbk also closed lower by 7.25% and 6.99%, respectively. Out of the 683 stocks traded on the Jakarta Stock Exchange, 393 showed gains, 290 declined, and 149 remained unchanged.

Notably, Utama Radar Cahaya Tbk PT reached a three-year low, dropping 7.25% to 64.00. Meanwhile, crude oil prices for December delivery fell by 1.19% to $89.75 per barrel, and Brent oil slipped 1.81% to $96.54 per barrel. Gold Futures for December rose 0.70% to $4,103.25 per troy ounce. The Indonesian currency, USD/IDR, gained 0.02% to 18,067.80, while AUD/IDR increased by 0.28% to 12,448.25. The US Dollar Index Futures dipped by 0.40% to 101.77.