Indonesia Equities Recover from Three-Week Low

2026-07-01 07:12 By Farida Husna 1 min. read

Indonesia’s IDX Composite climbed 60 points, or 1.1%, to 5,703 on Wednesday afternoon, snapping a three-day losing streak on the first trading day of July, as bargain hunters returned after domestic markets hit a three-week low.

The benchmark index swung from early weakness, with buying pressure spreading across basic materials, energy, and infrastructure.

Sentiment improved after the government cut industrial LNG prices to ease costs, while President Prabowo prepared to launch the B50 biodiesel mandate to strengthen energy independence.

Traders looked past May’s weak trade data, which showed the first deficit since April 2020 on falling exports and firm imports.

Meanwhile, inflation hit a three-month high in June but stayed within Bank Indonesia's target band.

In the U.S., Wall Street posted strong gains during H1 of 2026, boosted by chip stocks.

Among local standouts were Petrindo Jaya Kreasi (13.2%), Merdeka Battery Materials (6.5%), Vale Indonesia (6.1%), and Medco Energi (3.9%).



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