Indonesia Shares Slide to 10-Month Low

2026-05-12 02:56 By Farida Husna 1 min. read

Indonesia’s benchmark index dropped 70 points, or 1%, to 6,837 in early Tuesday trade, its third straight loss and weakest level since mid-2025.

Risk appetite soured as weaker U.S.

equity futures deepened global jitters after President Trump warned the Iran ceasefire was “on life support,” rejecting Tehran’s counterproposal and stoking fears of prolonged conflict.

At home, rupiah worries added pressure, with local media saying President Prabowo had reprimanded Bank Indonesia Governor Perry Warjiyo as the currency hovered near a record low around IDR 17,400 per dollar.

Sentiment was also hit by Indonesia’s manufacturing drop in April, the first in nine months, due to softer post-festive demand and rising production strains from geopolitical and supply shocks.

Nearly all sectors fell, led by industrials, infrastructure, and healthcare.

Major decliners included Impack Pratama Industri (-8.0%), Sumber Alfaria Trijaya (-6.1%), Raharja Energi Cepu (-4.3%), and Sumber Global Energy (-3.4%).



News Stream
Indonesia Shares Slide to 10-Month Low
Indonesia’s benchmark index dropped 70 points, or 1%, to 6,837 in early Tuesday trade, its third straight loss and weakest level since mid-2025. Risk appetite soured as weaker U.S. equity futures deepened global jitters after President Trump warned the Iran ceasefire was “on life support,” rejecting Tehran’s counterproposal and stoking fears of prolonged conflict. At home, rupiah worries added pressure, with local media saying President Prabowo had reprimanded Bank Indonesia Governor Perry Warjiyo as the currency hovered near a record low around IDR 17,400 per dollar. Sentiment was also hit by Indonesia’s manufacturing drop in April, the first in nine months, due to softer post-festive demand and rising production strains from geopolitical and supply shocks. Nearly all sectors fell, led by industrials, infrastructure, and healthcare. Major decliners included Impack Pratama Industri (-8.0%), Sumber Alfaria Trijaya (-6.1%), Raharja Energi Cepu (-4.3%), and Sumber Global Energy (-3.4%).
2026-05-12
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.
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