Indonesia Equities Rise for Fourth Session on Fiscal Moves

2026-07-06 02:27 By Farida Husna 1 min. read

Indonesian shares extended gains Monday, rising 39 points or 0.7% to 5,916 in early trade, marking a fourth straight advance and a one-week high.

Sentiment was supported by stronger U.S.

futures after Wall Street’s solid week, with investors eyeing minutes from the Federal Reserve’s June meeting due later this week.

Local confidence was also lifted by reports that authorities are trimming further allocations for President Prabowo’s free meal program to ease fiscal strain, including reducing distribution to four days a week from previously five.

On the monetary side, recent rate hikes by Bank Indonesia have steadied the rupiah, though Fitch warned that prolonged foreign reserves declines could weigh on Indonesia’s credit ratings.

Gains were broad-based, led by basic materials, energy, and technology, though caution lingered ahead of China’s CPI and PPI data.

Standout movers included Energi Mega Persada (4.7%), TBS Energi Utama (4.3%), Indika Energy (3.1%), and MD Entertainment (3.0%).



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Indonesia Equities Rise for Fourth Session on Fiscal Moves
Indonesian shares extended gains Monday, rising 39 points or 0.7% to 5,916 in early trade, marking a fourth straight advance and a one-week high. Sentiment was supported by stronger U.S. futures after Wall Street’s solid week, with investors eyeing minutes from the Federal Reserve’s June meeting due later this week. Local confidence was also lifted by reports that authorities are trimming further allocations for President Prabowo’s free meal program to ease fiscal strain, including reducing distribution to four days a week from previously five. On the monetary side, recent rate hikes by Bank Indonesia have steadied the rupiah, though Fitch warned that prolonged foreign reserves declines could weigh on Indonesia’s credit ratings. Gains were broad-based, led by basic materials, energy, and technology, though caution lingered ahead of China’s CPI and PPI data. Standout movers included Energi Mega Persada (4.7%), TBS Energi Utama (4.3%), Indika Energy (3.1%), and MD Entertainment (3.0%).
2026-07-06
Indonesia Equities Rally, Weekly Change Almost Flat
Indonesia's IDX Composite soared 149 points or 2.6% to 5,894 on Friday morning deals, extending gains for the third straight session amid widespread strength across all sectors. A solid rise in U.S. stock futures boosted sentiment as traders dialed back expectations of a Federal Reserve rate hike after a lukewarm U.S. jobs report. Locally, investors welcomed government measures to lower industrial costs, protect jobs, and support strategic sectors. In top trading partner China, services activity remained robust in June amid easing cost pressures and positive business sentiment. Among outperforming stocks were Amman Mineral (8.6%), Vale Indonesia (8.3%), Indosat (6.6%), and Astra International (3.9%). For the week, local markets are little changed after logging a steep decline in the prior period. Traders now look ahead to key domestic releases next week, including June foreign-exchange reserves, consumer confidence, and May retail sales.
2026-07-03
Indonesia Shares Extend Strength
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%).
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