Indonesian Shares Trade Lower

2026-04-09 02:26 By Farida Husna 1 min. read

Indonesia’s IDX Composite fell 65 points, or 0.9%, to 7,211 in Thursday morning’s trade, reversing the prior session’s rally as U.S.

futures weakened after Iran signaled it was “unreasonable” to pursue a permanent peace deal with Washington.

Doubts also grew about the reopening of the Strait of Hormuz.

Locally, March forex reserves hit their lowest in nearly two years, highlighting the cost of defending stability in a fragile external backdrop.

On the corporate front, Garuda Indonesia plans to raise ticket prices after a fuel surcharge increase, reflecting the delayed pass-through of higher energy costs.

Still, weakness was tempered by optimism that the government can manage growing inflation risks and supply security.

Losses were broad-based, led by infrastructure, basic materials, and industrials.

Early laggards included MD Entertainment (-5.4%), Archi Indonesia (-3.8%), Hartadinata Abadi (-3.5%), and Bumi Serpong Damai (-3.1%).

Traders now await China’s CPI and PPI data due Friday.



News Stream
Indonesian Shares Trade Lower
Indonesia’s IDX Composite fell 65 points, or 0.9%, to 7,211 in Thursday morning’s trade, reversing the prior session’s rally as U.S. futures weakened after Iran signaled it was “unreasonable” to pursue a permanent peace deal with Washington. Doubts also grew about the reopening of the Strait of Hormuz. Locally, March forex reserves hit their lowest in nearly two years, highlighting the cost of defending stability in a fragile external backdrop. On the corporate front, Garuda Indonesia plans to raise ticket prices after a fuel surcharge increase, reflecting the delayed pass-through of higher energy costs. Still, weakness was tempered by optimism that the government can manage growing inflation risks and supply security. Losses were broad-based, led by infrastructure, basic materials, and industrials. Early laggards included MD Entertainment (-5.4%), Archi Indonesia (-3.8%), Hartadinata Abadi (-3.5%), and Bumi Serpong Damai (-3.1%). Traders now await China’s CPI and PPI data due Friday.
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