Indonesia Stocks Poised for Second Weekly Rise

2026-06-19 02:44 By Farida Husna 1 min. read

Indonesia’s IDX Composite edged up 12 points or 0.2% to 6,185 in early Friday trade, reversing losses in the prior two sessions amid a positive lead from Wall Street overnight as optimism over a potential US-Iran deal offset concerns over a hawkish Federal Reserve.

Meanwhile, Bank Indonesia raised borrowing costs by 25bps on Thursday, bringing the cumulative 75bp hike since May to further support the rupiah and attract inflows.

Among top movers were Merdeka Copper Gold (7.3%), Bank Central Asia (2.5%), Surya Citra Media (2.0%), and Charoen Pokphand (1.5%).

Markets are heading for the second straight weekly advance, up around 3% so far, as bargain hunting continues after the benchmark hit a six-year trough.

However, gains were capped by a new warning from MSCI as the index provider flagged weak visibility in shareholdings and signs of coordinated trading, just days before it decides whether to reclassify Indonesia as a frontier market, a downgrade that could accelerate fund outflows.



News Stream
Indonesia Stocks Poised for Second Weekly Rise
Indonesia’s IDX Composite edged up 12 points or 0.2% to 6,185 in early Friday trade, reversing losses in the prior two sessions amid a positive lead from Wall Street overnight as optimism over a potential US-Iran deal offset concerns over a hawkish Federal Reserve. Meanwhile, Bank Indonesia raised borrowing costs by 25bps on Thursday, bringing the cumulative 75bp hike since May to further support the rupiah and attract inflows. Among top movers were Merdeka Copper Gold (7.3%), Bank Central Asia (2.5%), Surya Citra Media (2.0%), and Charoen Pokphand (1.5%). Markets are heading for the second straight weekly advance, up around 3% so far, as bargain hunting continues after the benchmark hit a six-year trough. However, gains were capped by a new warning from MSCI as the index provider flagged weak visibility in shareholdings and signs of coordinated trading, just days before it decides whether to reclassify Indonesia as a frontier market, a downgrade that could accelerate fund outflows.
2026-06-19
Indonesia Equities Under Pressure on MSCI Assessments
Indonesian shares tumbled 126 points, or 2.0%, to 6,092 in Thursday morning trade, extending the prior session’s slide as caution deepened ahead of MSCI’s Global Market Accessibility Review in early Friday and the June 23 Annual Market Classification Review, both critical for Indonesia’s benchmark status. Focus also turned to Bank Indonesia’s policy decision later today, with expectations of a hawkish stance after cumulative 75bps hikes since May to bolster the rupiah and rein in inflation. However, elevated borrowing costs risk further dampening domestic demand. Still, sentiment found some relief from a sharp rebound in U.S. futures after the Federal Reserve, under new chair Kevin Warsh, held rates steady, as expected, while signaling a more cautious policy outlook. All sectors retreated, led by financials, infrastructure, industrials, and energy. Notable laggards included Telkom Indonesia (-7.8%), Transcoal Pacific (-6.6%), Elnusa (-5.7%), and Semen Indonesia (-3.8%).
2026-06-18
Indonesia Shares Retreat Ahead of MSCI Reviews
Indonesian equities retreated 55 points or 0.9% to 6,198 on Wednesday afternoon, snapping a three-session gain as energy, industry, transport, and financials weighed. Early gains faded with sentiment turning cautious ahead of MSCI’s twin evaluations: its June 18 Global Market Accessibility Review and June 23 Annual Market Classification Review, both seen as pivotal for Indonesia’s standing in global benchmarks. Fitch Ratings, meanwhile, flagged rising credit risks for local commodity exporters under the centralised export regime. Traders also braced for Thursday’s central bank decision, with policymakers expected to stay hawkish after 75bps of hikes since May to shore up rupiah and tame inflation, though higher borrowing costs risk curbing demand. In the U.S., markets awaited the first policy move under new Fed chair Kevin Warsh later today. Key laggards included Petrindo Jaya Kreasi (-6.0%), Alamtri Minerals (-3.9%), Indo Tambangraya Megah (-3.4%), and Bank Tabungan Negara (-2.7%).
2026-06-17