Broad-Based Rally Lifts Indonesia Stocks from 8-Month Low

2026-03-10 02:35 By Farida Husna 1 min. read

Indonesia’s IDX Composite surged 133 points, or 1.8%, to 7,471 on Tuesday, rebounding from steep losses in the prior two sessions after Wall Street’s overnight recovery as U.S.

President Donald Trump’s remarks that the Middle East war could be “over soon.” Bargain hunting also boosted sentiment after local markets hit an eight-month low a day before, as surging oil prices eroded global risk appetite.

Locally, Jakarta confirmed it will not raise subsidized fuel prices in the near term, with Energy Minister Bahlil Lahadalia noting policy reviews are ongoing to shield consumers during Ramadan and Eid.

However, gains were capped by caution ahead of China’s January–February trade data due later today.

Meanwhile, Indonesia’s consumer mood eased in February after a one-year high in January.

Strength was broad-based, led by basic materials, industrials, and cyclicals.

Standouts included Bumi Resources (6.4%), Surya Citra Media (5.3%), Trimegah Bangun Persada (4.3%), and Japfa Comfeed (4.1%).



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Broad-Based Rally Lifts Indonesia Stocks from 8-Month Low
Indonesia’s IDX Composite surged 133 points, or 1.8%, to 7,471 on Tuesday, rebounding from steep losses in the prior two sessions after Wall Street’s overnight recovery as U.S. President Donald Trump’s remarks that the Middle East war could be “over soon.” Bargain hunting also boosted sentiment after local markets hit an eight-month low a day before, as surging oil prices eroded global risk appetite. Locally, Jakarta confirmed it will not raise subsidized fuel prices in the near term, with Energy Minister Bahlil Lahadalia noting policy reviews are ongoing to shield consumers during Ramadan and Eid. However, gains were capped by caution ahead of China’s January–February trade data due later today. Meanwhile, Indonesia’s consumer mood eased in February after a one-year high in January. Strength was broad-based, led by basic materials, industrials, and cyclicals. Standouts included Bumi Resources (6.4%), Surya Citra Media (5.3%), Trimegah Bangun Persada (4.3%), and Japfa Comfeed (4.1%).
2026-03-10
Indonesia Stocks Sink to 8-Month Low
Indonesian equities tumbled 252 points, or 3.3%, to 7,335 in Monday’s morning session, extending prior losses and hitting their lowest since mid-July. A sharp sell-off in U.S. futures pressured sentiment as mounting Middle East conflict sent oil prices soaring, threatening global growth and eroding risk appetite across Asia. Traders moved away from riskier assets amid rating concerns after Moody’s and Fitch recently cut Indonesia’s credit outlook to negative. Still, losses were partly capped by Lunar New Year-driven inflation in top trading partner China, which hit a 3-year high in February, while a drop in producer prices eased. Locally, Bank Indonesia continued deploying external buffers to prevent rupiah instability from spilling into inflation and financial markets. Losses were broad-based, led by cyclicals, industrials, and transport. Notable laggards included Aneka Tambang (-7.7%), Vale Indonesia (-6.9%), Bumi Resources (-6.1%), Telkom (-4.1%), and Astra International (-3.7%).
2026-03-09
Indonesia Equities Under Pressure After Fitch Outlook Cut
Indonesia’s IDX Composite dipped 166 points, or 2.2%, to 7,542 in early Friday trade, reversing the prior day’s strength following a weak U.S. lead overnight in a volatile week for global markets as Middle East tensions persisted. The benchmark index is on track for a second straight weekly decline, down about 8% so far, after Fitch Ratings slashed Indonesia’s outlook to negative from stable, citing rising policy uncertainty and erosion of credibility amid greater centralization of decision-making. Sentiment was further weighed down by China’s 2026 growth target of 4.5–5%, its lowest in decades, reflecting weak consumption and property sector strains. Nearly all sectors slipped, led by cyclicals, industrials, and energy. Notable losers included Elang Mahkota Teknologi (-3.9%), Astra International (-3.2%), Alamtri Minerals (-1.7%), and Bank Tabungan Negara (-1.5%). Traders now await key Chinese CPI and PPI data next week, along with combined January–February trade figures.
2026-03-06