Indonesia Stocks Extend Slide as Oil Climbs, Floor Rule Axed

2026-09-28 02:51 By Farida Husna 1 min. read

Indonesia’s IDX Composite slipped 41 points, or 0.7%, to 6,203 in early Monday trading, marking a third decline as sentiment weakened amid a sharp drop in U.S.

stock futures after oil prices jumped.

The move followed President Trump’s rejection of Iran’s conditional offer to reopen the Strait of Hormuz, while reports said he expected U.S.

strikes to resume after the November midterms.

Locally, the Indonesia Stock Exchange scrapped its long-standing Rp50 minimum share-price floor, allowing shares on the regular and cash markets to trade as low as Rp1 from Monday.

Concerns also lingered over elevated oil costs and their potential fiscal impact, while caution prevailed ahead of trade and inflation figures.

Losses were broad-based, led by tech, cyclicals, and infrastructure.

Limiting the fall, China’s industrial profits continued to rise in the first eight months, albeit at a slower pace.

Notable laggards included Gojek Tokopedia (-14.0%), Indosat (-2.6%), and Hartadinata Abadi (-1.3%).



News Stream
Indonesia Stocks Extend Slide as Oil Climbs, Floor Rule Axed
Indonesia’s IDX Composite slipped 41 points, or 0.7%, to 6,203 in early Monday trading, marking a third decline as sentiment weakened amid a sharp drop in U.S. stock futures after oil prices jumped. The move followed President Trump’s rejection of Iran’s conditional offer to reopen the Strait of Hormuz, while reports said he expected U.S. strikes to resume after the November midterms. Locally, the Indonesia Stock Exchange scrapped its long-standing Rp50 minimum share-price floor, allowing shares on the regular and cash markets to trade as low as Rp1 from Monday. Concerns also lingered over elevated oil costs and their potential fiscal impact, while caution prevailed ahead of trade and inflation figures. Losses were broad-based, led by tech, cyclicals, and infrastructure. Limiting the fall, China’s industrial profits continued to rise in the first eight months, albeit at a slower pace. Notable laggards included Gojek Tokopedia (-14.0%), Indosat (-2.6%), and Hartadinata Abadi (-1.3%).
2026-09-28
Indonesian Shares Rise Yet Face Third Weekly Decline
Indonesian equities added 25 points, or 0.4%, to 6,325 in Friday’s morning session, clawing back ground after a sharp drop the day before as tech, cyclicals, and energy led gains. Sentiment steadied after U.S. Treasury Secretary Scott Bessent confirmed Washington and Beijing agreed to extend their trade truce through January 10, 2027. President Trump is hosting a state dinner for Chinese leader Xi Jinping, who made his first Washington visit in over a decade, with both leaders underscoring AI as a key discussion point. Early movers included Sumber Alfaria Trijaya (2.3%), Indo Tambangraya Megah (2.0%), and Surya Citra Media (1.7%). However, local markets are on track for a third straight weekly decline, down nearly 2% so far, pressured by concerns over elevated oil prices and their fiscal impact. Caution also grew ahead of next week’s August trade data and September inflation. Annual inflation accelerated to 3.19% in August, driven by steeper food costs linked to El Niño effects.
2026-09-25
Indonesian Stocks Retreat on Global Jitters
Indonesian shares slipped 42 points, or 0.7%, to 6,332 in Thursday morning trade, reversing the prior day’s rally as U.S. futures fell after Wall Street ended lower overnight amid surging U.S. Treasury yields that stoked inflation fears. Locally, economists warned that Bank Indonesia’s move in September to hold benchmark rates steady for a third month may be only a temporary pause, with external risks still elevated from higher global yields, volatile oil prices, and geopolitical headwinds. Policymakers also face challenges from slowing growth, tepid household spending, and fragile market sentiment, particularly as the rupiah remains vulnerable to renewed dollar strength and foreign outflows. Still, losses were capped by resilient loan growth, with August figures near a 12-year peak. Declines were broad-based, led by basic materials, healthcare, and property. Notable laggards included Bumi Resources (-3.1%), Pertamina Geothermal (-2.3%), and Indika Energi (-1.8%).
2026-09-24