Indonesian Shares Rebound

2026-10-14 02:40 By Farida Husna 1 min. read

Indonesian equities rose 43 points or 0.7% to 5,968 on Wednesday morning deals, reversing losses in the prior two sessions.

Bargain hunters set in after markets fell to a three-month low, while U.S.

stock futures strengthened ahead of the inflation data later today.

Meanwhile, the IMF raised Indonesia's 2026 GDP growth projection to 5.1% from 5.0%, supported by ongoing efforts to lift household buying power and increased government spending.

However, gains were capped by caution ahead of September trade data in main trading partner China.

Meanwhile, Chinese producer prices rose the most in over four years in September, as higher fuel prices pushed up costs for businesses.

Consumer inflation edged up to a three-month high of 0.9% but slightly below forecasts of 1%.

All sectors contributed to the upturn, led by industrials, transport, property, and infrastructure.

Among early standouts were Mitra Adiperkasa (4.2%), Medco Energi (3.4%), Bukit Asam (2.8%), and Bank Central Asia (1.7%).



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