Indonesia Stocks Set to End Month, Quarter with Steep Losses

2026-06-30 03:05 By Farida Husna 1 min. read

Indonesia's IDX Composite tumbled 160 points or 2.8% to 5,659 in early deals on Tuesday, slipping for the third session to hit its lowest in three weeks.

All sectors were under heavy selling pressure, with basic materials, energy, and infrastructure among top laggards.

Notable decliners included Hartadinata Abadi (-8.5%), Astra Intl.

(-4.7%), Bank Central Asia (-4.2%), and Aneka Tambang (-3.7%).

The market is poised for a seventh straight monthly fall, down 7.5% so far, extending into a second successive quarterly loss of near 20%.

Pressures stemmed from widening current account and budget deficits, a shrinking trade surplus, and foreign reserves at a two-year low, while the rupiah continued to notch record lows.

Inflation in May was near the upper band of Bank Indonesia’s target, led by food prices.

Sentiment was also rattled by new legislation granting blanket legal immunity for buying bonds issued by state investment fund Danantara, raising concerns over governance and transparency.



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