Indonesia Equities Extend Rally on Truce Announcement

2026-06-15 02:37 By Farida Husna 1 min. read

Indonesia’s IDX Composite soared 231 points or 3.9% to 6,238 in Monday morning trade, extending strong gains from the prior session and hitting a near two-week high, as U.S.

stock futures rallied after President Trump announced a deal to end the war with Iran and authorized the reopening of the Strait of Hormuz.

Locally, focus turns to Bank Indonesia’s policy meeting later this week, with expectations of continued tightening after a total of 75 bps of hikes since May to defend the rupiah.

Deputy House Speaker Sufmi Dasco urged citizens last week to sell dollars to help the currency amid repeated record lows.

Gains were capped, however, by caution ahead of May activity data from top trading partner China, due Tuesday.

All sectors advanced, led by industrials, infrastructure, transport, and property.

Major movers included Amman Mineral Intl.

(10.1%), Darma Henwa (7.3%), Bumi Resources (7.3%), Hartadinata Abadi (7.2%), and Astra Intl.

(4.2%).

Markets will be closed Tuesday for a holiday.



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Indonesia Equities Extend Rally on Truce Announcement
Indonesia’s IDX Composite soared 231 points or 3.9% to 6,238 in Monday morning trade, extending strong gains from the prior session and hitting a near two-week high, as U.S. stock futures rallied after President Trump announced a deal to end the war with Iran and authorized the reopening of the Strait of Hormuz. Locally, focus turns to Bank Indonesia’s policy meeting later this week, with expectations of continued tightening after a total of 75 bps of hikes since May to defend the rupiah. Deputy House Speaker Sufmi Dasco urged citizens last week to sell dollars to help the currency amid repeated record lows. Gains were capped, however, by caution ahead of May activity data from top trading partner China, due Tuesday. All sectors advanced, led by industrials, infrastructure, transport, and property. Major movers included Amman Mineral Intl. (10.1%), Darma Henwa (7.3%), Bumi Resources (7.3%), Hartadinata Abadi (7.2%), and Astra Intl. (4.2%). Markets will be closed Tuesday for a holiday.
2026-06-15
Indonesia Stocks Poised for First Weekly Gain in Eight
Indonesian shares climbed 91 points, or 1.6%, to 5,977 in Friday morning deals, marking advances for a fourth session after Wall Street rallied overnight on optimism that a U.S.–Iran deal could be reached as early as this weekend. Locally, officials signalled that the 2027 fiscal strategy will prioritise growth by coordinating fiscal and monetary policy, the financial sector, and Danantara-backed investment. Gains were tempered, however, by April retail sales data showing a 3.7% yoy decline, the first drop in a year, due to the drag from higher non-subsidized fuel prices on household spending. All major sectors strengthened, led by basic materials, industrials, energy, and transport. Standout movers included Darma Henwa (5.4%), Indofood Sukses Makmur (4.4%), Telkom Indonesia (3.1%), and Aneka Tambang (2.2%). For the week, the IDX Composite is on track for its first weekly rise in eight weeks, up around 6.6% so far, buoyed by bargain hunting after markets recently hit a six-year low.
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Indonesian equities jumped 86 points, or 1.5%, to 5,988 in early Thursday trade, marking a third consecutive session of gains as U.S. futures were mainly higher following Wall Street’s overnight slump on heightened Middle East tensions and faster May inflation. Locally, sentiment was buoyed after the government scrapped its planned mining profit-sharing scheme and eased coal and nickel output quotas to stabilise industry. Separately, Finance Minister Purbaya Yudhi unveiled nine fiscal measures to cushion global uncertainty. Broad sectoral strength was led by property, infrastructure, and industrials, though momentum was tempered by softer consumer confidence in May and a sharp rise in non-subsidized fuel prices, reflecting higher import costs amid elevated crude and a weaker rupiah. Notable movers included Indosat (6.3%), Sarana Menara Nusantara (4.8%), Medco Energi (4.6%), Bank Negara Indonesia (4.3%), and Astra International (3.8%).
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