Indonesia Shares Hover at Over 2-Week Peak

Indonesian equities rose 47 points or 0.7% to 6,455 in early deals on Monday, extending last week’s momentum. Gains were broad-based across cyclicals, basic materials, energy, and financials, lifting the market to its highest level in more than two weeks. Sentiment was supported by stronger-than-expected Q2 GDP growth and a sizeable IDR 70 trillion liquidity injection into state-owned banks. Meanwhile, July’s forex reserves held steady around USD 145 billion, underscoring resilient external buffers. However, caution lingered after weak CPI and PPI readings from top trading partner China signaled fragile demand, even as easing oil shocks from the Middle East conflict tempered cost pressures. Among notable movers were Hartadinata Abadi (5.6%), Indosat (2.8%), Vale Indonesia (1.9%), and Perusahaan Gas Negara (1.0%). Traders now brace for Indonesia's July consumer sentiment after June's figures slipped to a nine-month low.

Indonesian shares rose 33 points, or 0.5%, to 6,377 in Friday morning trade, rebounding from a modest dip in the prior session amid sectoral gains led by energy, property, and infrastructure. The advance was tempered, however, by softer U.S. stock futures ahead of the July jobs report, while geopolitical risks lingered after Iran reportedly sought to restrict U.S. and Israeli vessels from transiting Hormuz and impose compensation demands on nations it deems hostile. Caution also grew ahead of July trade data in top trading partner China later today, with expectations of weaker exports and imports due to weather disruptions. Early standouts included Indosat (6.8%), Mitra Keluarga (4.7%), and Bumi Resources (2.8%). For the week, markets remain on track for a fifth straight gain, lifted by buying interest linked to governance reforms under President Prabowo’s flagship program. Meanwhile, July headline inflation hit a three-month low, reinforcing views that cost pressures are contained.

Indonesian stocks edged up 19 points or 0.3% to 6,371 in early deals on Thursday, extending gains for the third straight session. The move tracked firmer U.S. equity futures amid upbeat earnings and renewed optimism over artificial intelligence, even as Wall Street had closed mostly lower overnight. Domestic sentiment was supported by stronger-than-expected Q2 annual GDP growth, with the economy expanding 5.29% yoy, slightly slower than Q1’s 5.61% but still above forecasts, bringing the first-half growth to 5.45%. Foreign investors added support, recording net purchases of IDR 1.62 trillion in July, reversing months of sustained outflows. The upside, however, was tempered by caution ahead of July forex reserves data and trade figures from top trading partner China, both due Friday. Gains were led by transport, basic materials, and financials, with notable movers including Hartadinata Abadi (6.0%), Petrindo Jaya Kreasi (3.7%), Charoen Pokphand (1.6%), and Bank Tabungan Negara (1.4%).