Indonesia Stocks Rebound on Bargain Hunting Ahead of Key Data

2026-05-04 02:25 By Farida Husna 1 min. read

Indonesia’s IDX Composite jumped 108 points, or 1.5%, to 7,065 in early trade on the first trading day of May, bouncing back from a 2% plunge previously as bargain hunting emerged after the index hit a three-week low.

Sentiment was also boosted by comments from U.S.

President Trump on efforts to “free” ships stranded on the Strait of Hormuz, easing concerns over global trade flows.

Locally, the government signaled a proactive stance in addressing a widening budget strain and energy challenges, with measures including panda bond issuance, energy security deals, and subsidy recalibration.

However, gains were capped by caution ahead of key domestic releases.

April inflation and March trade figures are due later today, followed by Q1 GDP Tuesday and April forex reserves in the coming days.

Advances were broad-based, led by basic materials, infrastructure, and cyclicals.

Notable gainers included Chandra Asri (5.2%), Charoen Pokphand (3.2%), Indofood (2.2%), and Bank Rakyat Indonesia (1.3%).



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Indonesia Stocks Rebound on Bargain Hunting Ahead of Key Data
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