Indonesian Shares Rally, Weekly Rise on Track

2026-04-10 02:53 By Farida Husna 1 min. read

Indonesian stocks jumped 153 points, or 2.1%, to 7,457 in early Friday trade, up for a third session to a near one-month peak.

Overnight strength on Wall Street boosted sentiment amid ongoing negotiations between the U.S.

and Iran toward a resolution to the six-week Middle East conflict.

Markets are set to end the week firmly higher, up about 6% so far, lifted by optimism over resilient Q1 growth, on robust domestic demand during the festive season.

In top trading partner China, producer prices rose in March, the first time in near three years, on stronger demand following Beijing’s crackdown on overcapacity and the impact of geopolitical risks.

On the corporate front, Freeport Indonesia aims to restore Grasberg output to near full capacity by the end of 2026, with current production back to 40–50%.

All sectors rose, led by cyclicals, basic materials, and energy, with Pantai Indah Kapuk (12.6%), Bangun Kosambi (9.5%), Elang Mahkota (8%), and Raharja Energi Cepu (6.5%) among standouts.



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Indonesian Shares Rally, Weekly Rise on Track
Indonesian stocks jumped 153 points, or 2.1%, to 7,457 in early Friday trade, up for a third session to a near one-month peak. Overnight strength on Wall Street boosted sentiment amid ongoing negotiations between the U.S. and Iran toward a resolution to the six-week Middle East conflict. Markets are set to end the week firmly higher, up about 6% so far, lifted by optimism over resilient Q1 growth, on robust domestic demand during the festive season. In top trading partner China, producer prices rose in March, the first time in near three years, on stronger demand following Beijing’s crackdown on overcapacity and the impact of geopolitical risks. On the corporate front, Freeport Indonesia aims to restore Grasberg output to near full capacity by the end of 2026, with current production back to 40–50%. All sectors rose, led by cyclicals, basic materials, and energy, with Pantai Indah Kapuk (12.6%), Bangun Kosambi (9.5%), Elang Mahkota (8%), and Raharja Energi Cepu (6.5%) among standouts.
2026-04-10
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.
2026-04-09
Indonesian Equities Surge on Middle East Ceasefire, FTSE Status
Indonesian equities jumped 198 points, or 2.9%, to 7,175 in early Wednesday trade, snapping a three-session losing streak on bargain hunting. Sentiment was also boosted by a rally in U.S. futures after President Trump agreed to a ceasefire with Iran just before a deadline to reopen the strait, with reports of progress toward talks. Investors welcomed FTSE Russell’s decision to keep Indonesia off its watch list, maintaining Secondary Emerging status, while noting reforms will be assessed ahead of the June 2026 review. However, strength was capped by caution ahead of March's forex reserves data later today after February’s three-month low. Meantime, Indonesia’s fiscal position remains at risk due to surging energy costs and external shocks. Gains were broad-based, led by basic materials, cyclicals, industrials, and financials. Standout movers included Trimegah Bangun Persada (6.2%), Bank Negara Indonesia (5.4%), Aneka Tambang (5.2%), Mitra Adiperkasa (5.1%), and Semen Indonesia (3.9%).
2026-04-08