Indonesia Shares Extend Strength

2026-07-02 02:37 By Farida Husna 1 min. read

Indonesian stocks jumped 57 points, or 1.0%, to 5,751 in early trading on Thursday, marking the second straight session of gains amid broad-based strength across major sectors.

Markets moved further away from a three-week low as U.S.

equity futures strengthened following indirect negotiations between the U.S.

and Iran that began Tuesday in Doha.

Locally, government policy support continued, including industrial LNG price cuts, food security programs, and capital market reform.

However, gains were capped by fresh data showing Indonesia’s trade balance unexpectedly shifted to the deficit in May, the first gap since April 2020 as exports fell while imports surged.

Meantime, inflation hit a three-month high in June due to elevated food prices.

In other news, Fitch Ratings warned that a prolonged drop in forex reserves could place pressure on Indonesia's credit rating.

Among standouts were Hartadinata Abadi (5.7%), Barito Pacific (4.7%), Elang Mahkota (3.7%), and Bank Central Asia (3.1%).



News Stream
Indonesian Shares Rise Yet Face Third Weekly Decline
Indonesian equities added 25 points, or 0.4%, to 6,325 in Friday’s morning session, clawing back ground after a sharp drop the day before as tech, cyclicals, and energy led gains. Sentiment steadied after U.S. Treasury Secretary Scott Bessent confirmed Washington and Beijing agreed to extend their trade truce through January 10, 2027. President Trump is hosting a state dinner for Chinese leader Xi Jinping, who made his first Washington visit in over a decade, with both leaders underscoring AI as a key discussion point. Early movers included Sumber Alfaria Trijaya (2.3%), Indo Tambangraya Megah (2.0%), and Surya Citra Media (1.7%). However, local markets are on track for a third straight weekly decline, down nearly 2% so far, pressured by concerns over elevated oil prices and their fiscal impact. Caution also grew ahead of next week’s August trade data and September inflation. Annual inflation accelerated to 3.19% in August, driven by steeper food costs linked to El Niño effects.
2026-09-25
Indonesian Stocks Retreat on Global Jitters
Indonesian shares slipped 42 points, or 0.7%, to 6,332 in Thursday morning trade, reversing the prior day’s rally as U.S. futures fell after Wall Street ended lower overnight amid surging U.S. Treasury yields that stoked inflation fears. Locally, economists warned that Bank Indonesia’s move in September to hold benchmark rates steady for a third month may be only a temporary pause, with external risks still elevated from higher global yields, volatile oil prices, and geopolitical headwinds. Policymakers also face challenges from slowing growth, tepid household spending, and fragile market sentiment, particularly as the rupiah remains vulnerable to renewed dollar strength and foreign outflows. Still, losses were capped by resilient loan growth, with August figures near a 12-year peak. Declines were broad-based, led by basic materials, healthcare, and property. Notable laggards included Bumi Resources (-3.1%), Pertamina Geothermal (-2.3%), and Indika Energi (-1.8%).
2026-09-24
Indonesian Shares Extend Slide Before BI Rate Decision
Indonesian stocks slipped 0.3% to 6,261 in early Wednesday trade, extending losses for a fourth straight session and notching their weakest level in six weeks. Sentiment was weighed down by FTSE Russell’s move to upgrade Vietnam to emerging-market status from frontier, spurring a rebalancing of regional flows. Caution also built ahead of Bank Indonesia’s policy decision later today, even as markets expect the benchmark rates to remain unchanged for a third month. Still, a further drop in oil prices eased inflation worries, reflecting progress in U.S.–Iran diplomatic talks and capping the market downside. President Prabowo, meanwhile, hailed the government’s completion of IDR 218 trillion in bond repayments to the central bank, closing obligations dating back to the 1997–98 Asian financial crisis. Losses were led by financials, tech, and property, with notable decliners Mitra Adiperkasa (-2.7%), Indosat (-2.1%), Alamtri Resources (-1.9%), and Indo Tambangraya Megah (-1.4%).
2026-09-23