Indonesia Equities Fall for 6th Session

2026-05-19 02:37 By Farida Husna 1 min. read

Indonesia’s benchmark index slipped 31 points, or 0.5%, to 6,570 in Tuesday morning trade, extending losses for a sixth straight session and hovering near its weakest level since mid-2025.

Sentiment was pressured by a retreat in U.S.

equity futures, even as reports suggested President Trump postponed a planned strike on Iran.

Locally, caution mounted as Bank Indonesia kicked off a two-day policy meeting, with expectations the board will lift rates to 5% after holding steady at 4.75% since last October.

Political debate also flared after President Prabowo remarked that villagers are unaffected by rupiah weakness because they do not use U.S.

dollars, drawing criticism over the government’s economic sensitivity.

Sectoral losses were led by energy, non-cyclicals, and property, though gains in healthcare and cyclicals helped cap declines.

Major laggards included Chandra Asri Pacific (-11.2%), Sumber Global Energy (-5.4%), Hartadinata Abadi (-4.2%), and Raharja Energi Cepu (-3.4%).



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