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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Indonesia Stocks Set to End Month, Quarter with Steep Losses
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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Indonesia’s IDX Composite dipped 82 points, or 1.4%, to 5,918 in a Friday morning session, erasing the prior day’s rally as broad-based selling gripped all major sectors. Regional weakness weighed after a mixed Wall Street close overnight, with Apple’s price hikes to offset surging chip costs adding pressure. Locally, sentiment was clouded by a provision in new legislation granting blanket legal immunity to purchase bonds issued by the state investment fund Danantara, shielding such transactions from criminal, civil, and tax probe. Losses were capped by reports that Indonesia is mulling another budget cut for Prabowo’s flagship program, easing fiscal burden. Basic materials, cyclicals, and industrials were among notable laggards, with solid losses from Jasa Marga (-7.6%), Darma Henwa (-6.7%), and Sarana Mitra Luas (-6.2%). For the week, markets are set for their first fall in three, down about 3.8%, as frontier-market downgrade risks linger despite MSCI's review delay to November.
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