Indonesian Stocks Hit 3-1/2-Month High as BI Gets Historic Leadership

2026-09-03 03:18 By Farida Husna 1 min. read

Indonesian shares rose 49 points, or 0.7%, to 6,644 on Thursday, rebounding from the prior muted session and touching their highest level in 3-1/2 months.

Sentiment improved after a partial rebound on Wall Street overnight, with traders bargain-hunting in sectors hit by recent risk-off selling.

Locally, Destry Damayanti was sworn in as governor of Bank Indonesia on Wednesday, becoming the first woman to lead the central bank.

In her confirmation hearing, she pledged to keep policy responsive to economic challenges while promoting stability and supporting growth.

However, gains were capped by concerns that headline and core inflation could climb further in coming months, driven by higher input and logistics costs, rebounding energy prices, and potential El Niño-related food supply disruptions.

All sectors advanced, led by basic materials, non-cyclicals, and energy.

Early standouts included Charoen Pokphand (7.6%), Adaro Andalan (4.0%), Bukit Asam (3.7%), and Medco Energi (2.1%).



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Indonesian Stocks Hit 3-1/2-Month High as BI Gets Historic Leadership
Indonesian shares rose 49 points, or 0.7%, to 6,644 on Thursday, rebounding from the prior muted session and touching their highest level in 3-1/2 months. Sentiment improved after a partial rebound on Wall Street overnight, with traders bargain-hunting in sectors hit by recent risk-off selling. Locally, Destry Damayanti was sworn in as governor of Bank Indonesia on Wednesday, becoming the first woman to lead the central bank. In her confirmation hearing, she pledged to keep policy responsive to economic challenges while promoting stability and supporting growth. However, gains were capped by concerns that headline and core inflation could climb further in coming months, driven by higher input and logistics costs, rebounding energy prices, and potential El Niño-related food supply disruptions. All sectors advanced, led by basic materials, non-cyclicals, and energy. Early standouts included Charoen Pokphand (7.6%), Adaro Andalan (4.0%), Bukit Asam (3.7%), and Medco Energi (2.1%).
2026-09-03
Indonesia Shares Trade Lower as Inflation Accelerates
Indonesian shares slipped 36 points or 0.5% to 6,566 in Wednesday morning trade, breaking a two-day advance as U.S. futures mostly weakened after Wall Street logged a third straight loss overnight on surging bond yields and oil prices. Locally, August headline inflation quickened to 3.19% from July’s three-month low of 2.28%, slightly above expectations, driven by higher food costs under El-Nino’s impact, while core inflation hit its highest since March 2023. Still, losses were partly offset by a surprise July trade surplus as exports outperformed. Separately, newly appointed Bank Indonesia governor Destry Damayanti projected 2027 GDP growth at 5.2%–6% and estimated the rupiah at 17,300–17,800 per dollar next year. Infrastructure, energy, and non-cyclicals weighed, with notable laggards including Petrindo Jaya Kreasi (-3.9%), Vale Indonesia (-2.8%), Alamtri Minerals (-2.7%), and Kalbe Farma (-1.9%).
2026-09-02
Stocks in Jakarta Kick Off September with Broad Gains
Indonesian equities opened September on a firm note, with the the IDX Composite Index up 34 points or 0.6% to 6,561 in early trade, extending gains from the prior session. Strength was broad-based, led by healthcare, industry, and financials, as sentiment drew support from fiscal credibility anchored by the proposed 2.40% deficit target for 2027. Budget execution through July also remained solid, with revenue up 21.3% yoy and expenditure rising 18.2%. Externally, factory activity in top trading partner China accelerated, expanding for a ninth straight month in August, bolstering optimism. However, caution lingered ahead of key domestic releases later today, including August inflation and July trade data. Meanwhile, U.S. stock futures were mostly lower after overnight losses on Wall Street, though major indices still managed monthly advances. Early movers included Bumi Resources (3.1%), Bank Rakyat Indonesia (2.5%), Charoen Pokphand (2.4%), and Bank Mandiri (2.1%).
2026-09-01