Indonesian Shares Rebound

2026-07-30 02:45 By Farida Husna 1 min. read

Indonesian stocks rose 43 points or 0.7% to 6,135 on Thursday morning trade, reversing declines in the prior six sessions as U.S.

equity futures strengthened after Wall Street tumbled overnight amid persistent concerns over U.S.

inflation.

The Fed kept interest rates unchanged for a seventh straight month, but three of the central bank’s 12 voting officials dissented in favor of a rate increase.

Locally, President Prabowo directed El Niño preparedness to mitigate drought and forest fire risks while reinforcing energy security and industrial resilience.

Gains, however, were capped by uncertainty over central bank succession, regional fiscal strains, and mineral export bottlenecks.

Traders are also bracing for key domestic data next week, including July inflation, May trade, and Q2 GDP.

All sectors gained, led by basic materials, cyclicals, energy, and property.

Early movers included Vale Indonesia (7.8%), Bumi Resources Minerals (4.3%), Archi Indonesia (3.8%), and Indika Energy (3.5%).



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Indonesian Shares Rebound
Indonesian stocks rose 43 points or 0.7% to 6,135 on Thursday morning trade, reversing declines in the prior six sessions as U.S. equity futures strengthened after Wall Street tumbled overnight amid persistent concerns over U.S. inflation. The Fed kept interest rates unchanged for a seventh straight month, but three of the central bank’s 12 voting officials dissented in favor of a rate increase. Locally, President Prabowo directed El Niño preparedness to mitigate drought and forest fire risks while reinforcing energy security and industrial resilience. Gains, however, were capped by uncertainty over central bank succession, regional fiscal strains, and mineral export bottlenecks. Traders are also bracing for key domestic data next week, including July inflation, May trade, and Q2 GDP. All sectors gained, led by basic materials, cyclicals, energy, and property. Early movers included Vale Indonesia (7.8%), Bumi Resources Minerals (4.3%), Archi Indonesia (3.8%), and Indika Energy (3.5%).
2026-07-30
Indonesian Stocks Fall for Sixth Session
Indonesian shares slipped 50 points or 0.8% to 6,078 in early deals on Wednesday, retreating for the sixth straight session as market sentiment remained deeply downbeat. Investor caution persisted following the sudden exit of Perry Warjiyo from his post as central bank governor, even as the Cabinet Secretary's office pledged a transparent transition in line with the law. Meanwhile, the government’s ability to contain job losses was in doubt amid rising layoffs. Globally, U.S. stock futures weakened following a mixed session on Wall Street overnight, ahead of key corporate earnings releases and the Fed's interest rate decision later today. Still, losses were capped by reports that Jakarta is negotiating with the U.S. for a tariff exemption on palm oil under the new 10% tariff regime to protect export competitiveness. Among notable laggards were Surya Citra Media (-2.5%), Aneka Tambang (-2.1%), and Alamtri Minerals (-1.4%), and Hartadinata Abadi (-1.1%).
2026-07-29
Indonesia Shares Extend Slide on BI Transition Concerns
Indonesia’s IDX Composite slipped 32 points, or 0.5%, to 6,155 in Tuesday morning trade, marking its fifth straight decline as sentiment tracked weaker U.S. futures after a sell-off in chipmakers on Wall Street overnight dragged semiconductor gauges lower for a third day. Investors also stayed cautious ahead of the Federal Reserve’s policy decision later this week and earnings from major U.S. tech firms. Locally, uncertainty lingered over Bank Indonesia’s leadership transition following Perry Warjiyo’s abrupt resignation, with Senior Deputy Governor Destry Damayanti stepping in as acting governor until a successor is named. Losses were broad-based across financials, energy, industrials, and infrastructure, though declines were partly cushioned by falling crude oil prices, easing fiscal concerns for the net oil importer. Notable laggards included Medco Energi (-3.5%), Sarana Menara Nusantara (-2.0%), Mitra Adiperkasa (-1.4%), and Perusahaan Gas Negara (-1.0%).
2026-07-28