Indonesia Shares Bounce Back

2026-06-02 02:52 By Farida Husna 1 min. read

Indonesian stocks rose 56 points, or 0.9%, to 6,180 on Tuesday, the first trading day of June, rebounding after two sessions of losses as markets reopened post-holiday.

Sentiment improved on Wall Street’s fresh record highs overnight, fueled by optimism over a potential peaceful resolution to the Iran conflict and enthusiasm for Nvidia’s new laptop chip.

Domestically, investors welcomed the government’s pledge of transparency in a newly formed state-owned exporter of key commodities, expected to bolster tax collection, retain more export earnings onshore, and improve dollar liquidity after repeated rupiah lows this year.

However, gains were capped by caution ahead of May inflation and April trade data due later in the day.

Energy, cyclical, and industrials led advances, offset by weakness in transport, non-cyclicals, and healthcare.

Standout movers included Dian Swastatika Sentosa (25.0%), Sumber Alfaria Trijaya (10.4%), Medco Energi (6.6%), and Raharja Energi Cepu (3.8%).



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Indonesia Shares Bounce Back
Indonesian stocks rose 56 points, or 0.9%, to 6,180 on Tuesday, the first trading day of June, rebounding after two sessions of losses as markets reopened post-holiday. Sentiment improved on Wall Street’s fresh record highs overnight, fueled by optimism over a potential peaceful resolution to the Iran conflict and enthusiasm for Nvidia’s new laptop chip. Domestically, investors welcomed the government’s pledge of transparency in a newly formed state-owned exporter of key commodities, expected to bolster tax collection, retain more export earnings onshore, and improve dollar liquidity after repeated rupiah lows this year. However, gains were capped by caution ahead of May inflation and April trade data due later in the day. Energy, cyclical, and industrials led advances, offset by weakness in transport, non-cyclicals, and healthcare. Standout movers included Dian Swastatika Sentosa (25.0%), Sumber Alfaria Trijaya (10.4%), Medco Energi (6.6%), and Raharja Energi Cepu (3.8%).
2026-06-02
Indonesia Stocks Rise But Face Steep Monthly Drop
Indonesia’s IDX Composite advanced 50 points or 0.8% to 6,179 in Friday morning trade, reversing the prior session’s weakness and setting up the first weekly gain in six weeks as markets reopened after the holiday. Sentiment was buoyed by Wall Street’s overnight rise and reports that the U.S. and Iran had agreed to extend their ceasefire and ease shipping restrictions, though President Donald Trump has yet to sign off, and Iranian media said the deal was not finalized. Gains were led by basic materials, energy, and infrastructure, offset by softness in non-cyclicals and property. Standout movers included Petrindo Jaya Kreasi (25%), Alamtri Minerals (5.6%), Darma Henwa (3.6%), XLSmart Telecom (2.5%), and Elang Mahkota Teknologi (1.5%). However, markets remain on track for a fifth consecutive monthly decline, down about 11% so far, pressured by the rupiah’s record lows, fiscal strains, and persistent capital outflows. Markets will be closed on Monday for a public holiday
2026-05-29
Indonesia Stock Rise for 3rd Session Ahead of Midweek Holiday
Indonesian equities rose 25 points, or 0.4%, to 6,230 in early Tuesday trade, marking a third straight advance as U.S. futures rallied after President Donald Trump said Monday that Iran talks were “proceeding nicely,” though he warned Washington could act offensively if they collapse. Domestically, monetary policy is tilting toward rupiah stability and market confidence, with Bank Indonesia last week raising interest rates by 50bps to 5.25%, its first hike since October. The government also reportedly delayed royalty and export-duty changes to safeguard downstream competitiveness amid weaker global demand conditions and rising uncertainty. Gains were led by basic materials, infrastructure, and energy, while non-cyclicals, financials, and property lagged. Standouts included Barito Pacific (10.8%), Rukun Raharja (4.6%), Harum Energy (3.2%), and Indo Tambangraya Megah (2.2%). Markets will pause on Wednesday and Thursday for public holidays.
2026-05-26