Indonesian Equities Fall Further Ahead of MSCI Review

2026-08-11 02:42 By Farida Husna 1 min. read

Indonesian stocks lost 30 points or 0.5% to 6,36 on Tuesday morning trade, extending losses from the prior session and edging toward their weakest level in a week.

A negative lead from Wall Street overnight weighed on sentiment amid rising oil prices on uncertainty about when the Strait of Hormuz could reopen.

Traders also turned cautious ahead of domestic retail sales data due later today, following May’s sharp drop driven by higher non-subsidised fuel costs.

Added caution stemmed from the upcoming MSCI August 2026 Review, set for August 12, with rebalancing changes effective after August 31.

Still, losses were partly capped by President Prabowo’s nomination of acting Bank Indonesia Governor Destry Damayanti as the sole candidate to succeed Perry Warjiyo, easing leadership concerns.

Energy, financials, and non-cyclicals dragged, while transport and basic materials lent modest support.

Major laggards included Mitra Adiperkasa (-3.4%), Bumi Resources (-2.1%), and Bank Central Asia.



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Indonesian Equities Fall Further Ahead of MSCI Review
Indonesian stocks lost 30 points or 0.5% to 6,36 on Tuesday morning trade, extending losses from the prior session and edging toward their weakest level in a week. A negative lead from Wall Street overnight weighed on sentiment amid rising oil prices on uncertainty about when the Strait of Hormuz could reopen. Traders also turned cautious ahead of domestic retail sales data due later today, following May’s sharp drop driven by higher non-subsidised fuel costs. Added caution stemmed from the upcoming MSCI August 2026 Review, set for August 12, with rebalancing changes effective after August 31. Still, losses were partly capped by President Prabowo’s nomination of acting Bank Indonesia Governor Destry Damayanti as the sole candidate to succeed Perry Warjiyo, easing leadership concerns. Energy, financials, and non-cyclicals dragged, while transport and basic materials lent modest support. Major laggards included Mitra Adiperkasa (-3.4%), Bumi Resources (-2.1%), and Bank Central Asia.
2026-08-11
IDX Composite Trims Early Gains After Weak Consumer Mood
Indonesia’s IDX Composite pared morning gains on Monday afternoon, hovering near 6,417 amid weak domestic fundamentals, with July’s consumer confidence slipping for a third month to a 15-month low, underscoring concerns over economic conditions and job prospects. Caution also grew ahead of June's retail sales data due Tuesday, following a notable contraction in May, reflecting elevated inflation and higher non-subsidised fuel prices. Externally, Dow futures eased ahead of key U.S. inflation data later this week, while geopolitical tensions flared as Iran pressed Washington for war-damage compensation in peace talks. On the central bank front, President Prabowo Subianto nominated acting Bank Indonesia Governor Destry Damayanti as the sole candidate. State Secretary Prasetyo Hadi confirmed the submission to parliament, a process expected to take weeks. Notable movers included ESSA Industries (7.1%), Merdeka Copper Gold (4.1%), United Tractors (2.5%), and Bumi Resources (1.6%).
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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.
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