Indonesia Stocks Fall Further as as New Week Opens

2026-05-11 02:50 By Farida Husna 1 min. read

Indonesia's IDX Composite dipped 58 points or 0.8% to 6,912 on Monday morning deals, extending weakness in the prior session amid a weaker U.S.

stock futures after U.S.

President Trump rejected Iran's response to a proposal for peace talks, dampening hopes for an end to the conflict that has driven up global energy costs.

Caution also emerged ahead of consumer confidence data for April, after March readings hit a five-month low.

Meanwhile, the rupiah last week hovered near historic lows above IDR 17,300/USD as foreign reserves fell to a near two-year low.

Still, losses were capped by resilient Q1 GDP growth of 5.61%, easing inflationary pressures, and continued efforts by policymakers to stabilize domestic financial markets amid heightened global uncertainty.

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

Among major laggards were Bank Mandiri (-7.3%), Alamtri Minerals (-4.7%), Harum Energy (-4.4%), and Transcoal Pacific (-3.4%).



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Indonesia Stocks Fall Further as as New Week Opens
Indonesia's IDX Composite dipped 58 points or 0.8% to 6,912 on Monday morning deals, extending weakness in the prior session amid a weaker U.S. stock futures after U.S. President Trump rejected Iran's response to a proposal for peace talks, dampening hopes for an end to the conflict that has driven up global energy costs. Caution also emerged ahead of consumer confidence data for April, after March readings hit a five-month low. Meanwhile, the rupiah last week hovered near historic lows above IDR 17,300/USD as foreign reserves fell to a near two-year low. Still, losses were capped by resilient Q1 GDP growth of 5.61%, easing inflationary pressures, and continued efforts by policymakers to stabilize domestic financial markets amid heightened global uncertainty. Losses were almost broad-based, led by energy, basic materials, and industrials. Among major laggards were Bank Mandiri (-7.3%), Alamtri Minerals (-4.7%), Harum Energy (-4.4%), and Transcoal Pacific (-3.4%).
2026-05-11
Indonesia Shares Eye First Weekly Rise in Three
Indonesian equities edged down 12 points or 0.1% to 7,167 in early Friday trade, snapping a three-session strength after an overnight retreat on Wall Street amid renewed U.S.–Iran hostilities that rattled a fragile ceasefire. Locally, investor sentiment was clouded by caution ahead of April foreign reserves data due later today, after March figures slipped to near a two-year low amid persistently weak rupiah. Traders also vigilantly braced for several data releases from the central bank next week, including April consumer confidence and retail sales. Losses were led by basic materials, property, and non-cyclicals, with notable drags from Merdeka Copper Gold (-4.1%), Elang Mahkota Teknologi (-3.1%), Pertamina Geothermal (-2.9%), and Hartadinata Abadi (-2.4%). Still, the market is on track for its first weekly gain in three, up about 2.4% so far, boosted by bargain hunting, resilient Q1 economic output, and mild inflation despite higher non-subsidized fuel prices.
2026-05-08
Indonesia Stocks Rally on Wall Street Strength, Rupiah Measures
Indonesia’s IDX Composite surged 79 points or 1.1% to 7,171 in Thursday morning trade, rising for a fourth straight session to its highest in over a week. Record Wall Street closes overnight buoyed sentiment as Washington and Tehran weighed a new proposal to end the Middle East war, with the U.S. tabling a one-page memorandum of understanding and Iran expected to respond in the coming days. Locally, President Prabowo approved seven new Bank Indonesia measures to bolster the rupiah, as the currency remains under pressure and policymakers prioritise exchange-rate stability amid global volatility. However, further gains were restrained by mounting concerns over rising fuel costs in sectors such as airlines, prompting calls to lift fare caps. Gains were broad-based, led by basic materials, cyclicals, and energy. Early standouts included Indofood CBP Sukses (3.7%), Kalbe Farma (3.5%), Aneka Tambang (2.6%), Indosat (2.3%), and Mitra Adiperkasa (2.0%).
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