Indonesia Stocks on Track for Back-to-Back Weekly Rise

2026-04-17 02:29 By Farida Husna 1 min. read

Indonesian equities rose 25 points, or 0.4%, to 7,644 in early Friday trade, snapping two sessions of weakness as U.S.

futures firmed after Wall Street hit fresh records on optimism the Middle East conflict may ease after Israel agreed to a temporary ceasefire with Lebanon and U.S.

Local markets are heading for a second straight weekly gain, up 2.3% so far, supported by Finance Minister Purbaya Yudhi Sadewa’s remarks that U.S.

investors favor portfolio flows, bonds and equities, over long-term direct investment in Indonesia.

He spoke after meeting 18 investors in Washington, including Goldman Sachs and Fidelity.

Purbaya also stressed Indonesia’s strong fundamentals and fiscal stance, despite geopolitical and energy price risks.

Sector gains were led by transport, basic materials, and property, partly offset by weakness in cyclicals and industrials.

Notable movers included Surya Citra Media (6.2%), Barito Pacific (3.5%), Adaro Andalan Indonesia (3.0%), and United Tractor (1.5%).



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Indonesia Stocks on Track for Back-to-Back Weekly Rise
Indonesian equities rose 25 points, or 0.4%, to 7,644 in early Friday trade, snapping two sessions of weakness as U.S. futures firmed after Wall Street hit fresh records on optimism the Middle East conflict may ease after Israel agreed to a temporary ceasefire with Lebanon and U.S. Local markets are heading for a second straight weekly gain, up 2.3% so far, supported by Finance Minister Purbaya Yudhi Sadewa’s remarks that U.S. investors favor portfolio flows, bonds and equities, over long-term direct investment in Indonesia. He spoke after meeting 18 investors in Washington, including Goldman Sachs and Fidelity. Purbaya also stressed Indonesia’s strong fundamentals and fiscal stance, despite geopolitical and energy price risks. Sector gains were led by transport, basic materials, and property, partly offset by weakness in cyclicals and industrials. Notable movers included Surya Citra Media (6.2%), Barito Pacific (3.5%), Adaro Andalan Indonesia (3.0%), and United Tractor (1.5%).
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