Indonesia Shares Edge Higher

2026-07-09 02:40 By Farida Husna 1 min. read

Indonesian equities firmed modestly on Thursday morning, with the IDX Composite Index adding 14 points or 0.2% to 5,883, clawing back steep losses from the prior session.

The rebound tracked stronger U.S.

futures after Wall Street closed mostly lower overnight, weighed by renewed U.S.–Iran tensions and higher oil prices.

Locally, sentiment was lifted by an uptick in June forex reserves and quicker state budget execution in H1 2026.

In top trading partner China, headline inflation eased to 1.1% in June, undershooting forecasts as food costs fell further.

However, gains in Jakarta were capped by concerns over a possible downgrade to frontier-market status in 2027, flagged by S&P Dow Jones Indices.

Meanwhile, consumer sentiment slipped for a second month in June, hitting its weakest since last September.

Basic materials, energy, transport, and industry led strength, with notable movers from ESSA Industries (4.6%), Amman Mineral Intl.

(3.0%), Bumi Resources (2.2%), and Medco Energi (1.3%).



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Indonesia Shares Edge Higher
Indonesian equities firmed modestly on Thursday morning, with the IDX Composite Index adding 14 points or 0.2% to 5,883, clawing back steep losses from the prior session. The rebound tracked stronger U.S. futures after Wall Street closed mostly lower overnight, weighed by renewed U.S.–Iran tensions and higher oil prices. Locally, sentiment was lifted by an uptick in June forex reserves and quicker state budget execution in H1 2026. In top trading partner China, headline inflation eased to 1.1% in June, undershooting forecasts as food costs fell further. However, gains in Jakarta were capped by concerns over a possible downgrade to frontier-market status in 2027, flagged by S&P Dow Jones Indices. Meanwhile, consumer sentiment slipped for a second month in June, hitting its weakest since last September. Basic materials, energy, transport, and industry led strength, with notable movers from ESSA Industries (4.6%), Amman Mineral Intl. (3.0%), Bumi Resources (2.2%), and Medco Energi (1.3%).
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Indonesian equities inched higher on Tuesday morning deals, with the IDX Composite adding 12 points or 0.2% to 5,927, extending efforts toward a fifth straight gain after Wall Street’s upbeat tone and a record Dow close overnight, ahead of the Federal Reserve's June meeting minutes. Local sentiment found some lift from the House Budget Committee’s proposal to trim the 2027 free meal program to bolster fiscal efficiency. That said, labor concerns in the digital sector tempered optimism as TikTok Indonesia faced allegations of layoffs linked to the e-commerce platform Tokopedia. Traders also kept a wary eye on June forex reserves due later today, following five consecutive monthly declines to a near two-year low in May. Meanwhile, CPI and PPI figures in main trading partner China also loom. Early movers included Barito Pacific (3.7%), Semen Indonesia (3.6%), Japfa Comfeed (1.5%), and Astra International (1.3%), underscoring selective buying amid broader caution.
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