Indonesia Stocks Muted, Weekly Gain Still in Sight

2026-02-20 02:54 By Farida Husna 1 min. read

Indonesia’s IDX Composite was little changed on Friday morning, hovering around 8,281 after closing lower the day before.

Gains in infrastructure and industrials nearly offset falls in healthcare and property.

Traders digested the central bank’s decision Thursday to keep its key rate steady for a fifth straight meeting, underscoring its focus on rupiah stability and inflation control.

Investors also tracked President Prabowo’s attendance at the Board of Peace summit, ahead of a planned signing of a trade deal with the U.S.

On the business front, Jakarta has agreed to extend Freeport’s mining permits until 2041, ensuring legal certainty for operations in the Grasberg district.

Weekly, markets are heading for a second straight gain, up about 0.8%, lifted by fiscal policy aimed at stability and growth.

Notable movers included XLSmart Telecom (2.1%) and United Tractors (2.0%), while Hanjaya Mandala Sampurna (-3.2%), Sinar Mas Multiartha (-2.3%), and Indah Kiat Pulp & Paper (-1.9%) lagged.



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Indonesia’s IDX Composite was little changed on Friday morning, hovering around 8,281 after closing lower the day before. Gains in infrastructure and industrials nearly offset falls in healthcare and property. Traders digested the central bank’s decision Thursday to keep its key rate steady for a fifth straight meeting, underscoring its focus on rupiah stability and inflation control. Investors also tracked President Prabowo’s attendance at the Board of Peace summit, ahead of a planned signing of a trade deal with the U.S. On the business front, Jakarta has agreed to extend Freeport’s mining permits until 2041, ensuring legal certainty for operations in the Grasberg district. Weekly, markets are heading for a second straight gain, up about 0.8%, lifted by fiscal policy aimed at stability and growth. Notable movers included XLSmart Telecom (2.1%) and United Tractors (2.0%), while Hanjaya Mandala Sampurna (-3.2%), Sinar Mas Multiartha (-2.3%), and Indah Kiat Pulp & Paper (-1.9%) lagged.
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