Indonesia Stocks Down for Second Day

2026-04-21 02:34 By Farida Husna 1 min. read

Indonesian equities fell 63 points, or 0.8%, to 7,526 in early Tuesday trade, extending losses for a second session as declines in financials, industrials, and property weighed on sentiment.

Investors remained cautious as Bank Indonesia begins its two-day policy meeting today, with interest rates expected to stay unchanged for a seventh time to support the rupiah.

However, inflation risks linger amid the Middle East conflict, threatening core price stability.

On Wall Street, stocks ended mostly lower overnight as renewed U.S.–Iran tensions cast doubt on the durability of a two-week ceasefire.

Still, losses in Jakarta markets were tempered by optimism over ongoing reforms and capital market development, including ETF innovation and MSCI-related adjustments, seen as supportive for investor confidence.

Major laggards included Dian Swastatika Sentosa (-12.2%), Transcoal Pacific (-9.3%), Barito Renewables Energy (-5.7%), Bank Rakyat Indonesia (-4.7%), and Alamtri Minerals Indonesia (-2.4%).



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Indonesia Stocks Down for Second Day
Indonesian equities fell 63 points, or 0.8%, to 7,526 in early Tuesday trade, extending losses for a second session as declines in financials, industrials, and property weighed on sentiment. Investors remained cautious as Bank Indonesia begins its two-day policy meeting today, with interest rates expected to stay unchanged for a seventh time to support the rupiah. However, inflation risks linger amid the Middle East conflict, threatening core price stability. On Wall Street, stocks ended mostly lower overnight as renewed U.S.–Iran tensions cast doubt on the durability of a two-week ceasefire. Still, losses in Jakarta markets were tempered by optimism over ongoing reforms and capital market development, including ETF innovation and MSCI-related adjustments, seen as supportive for investor confidence. Major laggards included Dian Swastatika Sentosa (-12.2%), Transcoal Pacific (-9.3%), Barito Renewables Energy (-5.7%), Bank Rakyat Indonesia (-4.7%), and Alamtri Minerals Indonesia (-2.4%).
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Indonesia's IDX Composite rose 36 points or 0.5% to 7,669 on Monday morning deals, marking gains for the second straight session amid strength in transport, industrial, and basic materials. Traders also welcomed reports that China, Indonesia's top trading partner, held its key lending rates at record lows for the 11th straight month in April, in line with estimates. However, a sharp drop in U.S. stock futures capped the gains after Washington seized an Iranian cargo ship attempting to breach its blockade, with Tehran vowing retaliation and ruling out further talks. Locally, Bank Indonesia will hold a policy meeting this week after leaving rates unchanged for the sixth straight time in March. While inflation remains within its target range for now, risks are skewed higher, with geopolitical strains posing threats to core inflation. Among early performers were Bumi Resources Minerals (5.3%), Impack Pratama Industri (4.4%), Energi Mega Persada (3.4%), and Triputra Agro Persada (3.0%).
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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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