Indonesia Stocks Retreat to 8-Month Low

2026-03-16 03:49 By Farida Husna 1 min. read

Indonesia’s IDX Composite fell 88 points, or 1.2%, to 7,049 in early Monday trade, extending losses for a fourth straight session and hitting its lowest level since mid-July 2025.

Sentiment weakened as investors weighed inflationary risks from the Middle East conflict, which has driven oil prices higher and clouded the global outlook.

Caution also prevailed as Bank Indonesia began its policy meeting, with a rate decision due Tuesday, amid signs of rising domestic inflation during Ramadan and Eid al-Fitr.

Authorities have signaled subsidized fuel prices will remain unchanged through the festive period, though persistently high oil prices could eventually force policy adjustments from Jakarta.

Seasonal spending, particularly from festive allowances, helped limit the decline.

All sectors traded lower, led by energy, infrastructure, and non-cyclicals.

Major laggards included Barito Pacific (-4.7%), Sumber Alfaria Trijaya (-3.1%), Vale Indonesia (-2.2%), and Indo Tambangraya Megah (-1.5%).



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Indonesia Stocks Retreat to 8-Month Low
Indonesia’s IDX Composite fell 88 points, or 1.2%, to 7,049 in early Monday trade, extending losses for a fourth straight session and hitting its lowest level since mid-July 2025. Sentiment weakened as investors weighed inflationary risks from the Middle East conflict, which has driven oil prices higher and clouded the global outlook. Caution also prevailed as Bank Indonesia began its policy meeting, with a rate decision due Tuesday, amid signs of rising domestic inflation during Ramadan and Eid al-Fitr. Authorities have signaled subsidized fuel prices will remain unchanged through the festive period, though persistently high oil prices could eventually force policy adjustments from Jakarta. Seasonal spending, particularly from festive allowances, helped limit the decline. All sectors traded lower, led by energy, infrastructure, and non-cyclicals. Major laggards included Barito Pacific (-4.7%), Sumber Alfaria Trijaya (-3.1%), Vale Indonesia (-2.2%), and Indo Tambangraya Megah (-1.5%).
2026-03-16
Indonesian Equities Head for Third Weekly Losses
Indonesian shares dipped 42 points, or 0.6%, to 7,323 in Friday trade, marking a third straight drop amid broad-based weakness led by industrials, transport, and infrastructure. Overnight losses on Wall Street weighed on sentiment, as fading hopes of a resolution to the U.S.–Israel war with Iran kept oil prices elevated, stoking inflation concerns. Meanwhile, Washington launched new probes into unfair trade practices tied to excess industrial capacity and forced labor, raising the risk of fresh tariffs on partners including China, the EU, India, and Japan. Still, losses were partly cushioned by strong domestic seasonal activity ahead of the Eid holiday period. Meantime, the government projected Q1 2026 growth could reach 6%, supported by strong household consumption. Notable laggards included Merdeka Copper Gold (-3.3%), Indofood (-3.0%), Bank Mandiri (-1.8%), and Sarana Menara Nusantara (-1.7%). For the week, the market is set for a third consecutive decline, down about 3.7% so far.
2026-03-13
Indonesia Shares Fall Again Amid Oil Spike
Indonesia’s IDX Composite slipped 24 points, or 0.3%, to 7,365 on Thursday, extending losses for a second straight session as U.S. stock futures tumbled and oil prices resumed their rally after reports of ship strikes in the Strait of Hormuz and Iraqi waters. Meanwhile, a U.S. plan to release record oil reserves failed to lift investors' sentiment. Domestically, scrutiny of financial sector governance persisted following leadership changes at the Financial Services Authority and transparency concerns. Still, losses were partly cushioned by the government’s distribution of IDR 11.16 trillion in Eid allowances to civil servants, aimed at boosting household consumption ahead of the festive season. Cyclicals, non-cyclicals, and technology weighed on the index, while energy and transport offered support. Among notable laggards were Vale Indonesia (-5.4%), Merdeka Battery Materials (-3.4%), Barito Pacific (-2.0%), and Semen Indonesia (-1.9%).
2026-03-12