Indonesia Stocks Trade at Near One-Month Peak

Indonesia’s IDX Composite climbed 55 points or 0.9% to 6,312 in early Wednesday trade, marking a near one-month high and its third straight gain as traders returned from a holiday. Stronger U.S. stock futures boosted sentiment after Wall Street ended mixed overnight ahead of the Fed’s policy decision later today under new chairman Kevin Warsh. The central bank is widely expected to hold rates steady, with Warsh seen potentially scrapping the ‘dot plot’ to give policymakers more flexibility. A firmer rupiah also lent support, aided by hopes of Middle East peace that lifted risk appetite and pressured the U.S. dollar index. However, upside was capped after Fitch Ratings warned that local commodity exporters face higher credit risks under Indonesia’s centralized export policy. All sectors advanced, led by basic materials, non-cyclicals, infrastructure, and energy. Notable movers included Aneka Tambang (2.9%), Bank Central Asia (2.8%), Astra Agro Lestari (2.5%), and United Tractor (1%).

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.

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.