Indonesian Stocks Poised for Steep Weekly, Monthly Decline

2026-10-30 02:51 By Farida Husna 1 min. read

Indonesia’s IDX Composite plunged 95 points, or 1.9%, to 5,005 in Friday morning trade, extending prior losses and heading for a weekly drop of around 8%, reversing the previous week’s gains.

Weaker U.S.

stock futures hit sentiment after Alphabet suffered a historic share-price decline, dragging Wall Street lower overnight and reigniting concerns over the returns on heavy AI investments.

Locally, political tensions persisted amid student protests in major cities since early October.

Rupiah’s continued weakness, fiscal worries from oil prices above USD 100 per barrel, and sustained foreign net selling added to the strain.

Inflation concerns also intensified ahead of next week’s October data.

All sectors retreated, led by basic materials, infrastructure, transport, and energy.

Major laggards included Barito Pacific (-7%), Surya Citra Media (-6.9%), and Telkom Indonesia (-2.3%).

For October, the benchmark has tumbled 17.5% so far, putting it on track for a second straight monthly fall.



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Indonesian Stocks Poised for Steep Weekly, Monthly Decline
Indonesia’s IDX Composite plunged 95 points, or 1.9%, to 5,005 in Friday morning trade, extending prior losses and heading for a weekly drop of around 8%, reversing the previous week’s gains. Weaker U.S. stock futures hit sentiment after Alphabet suffered a historic share-price decline, dragging Wall Street lower overnight and reigniting concerns over the returns on heavy AI investments. Locally, political tensions persisted amid student protests in major cities since early October. Rupiah’s continued weakness, fiscal worries from oil prices above USD 100 per barrel, and sustained foreign net selling added to the strain. Inflation concerns also intensified ahead of next week’s October data. All sectors retreated, led by basic materials, infrastructure, transport, and energy. Major laggards included Barito Pacific (-7%), Surya Citra Media (-6.9%), and Telkom Indonesia (-2.3%). For October, the benchmark has tumbled 17.5% so far, putting it on track for a second straight monthly fall.
2026-10-30
Indonesian Stocks Under Pressure as Protests Fuel Political Risks
Indonesian equities slipped 94 points, or 1.8%, to 5,188 in early deals on Thursday, reversing modest gains in the prior session. Sentiment weakened as Nasdaq 100 and S&P 500 futures fell after disappointing Alphabet earnings that sparked concerns over AI investment. Meanwhile, the U.S. Fed held rates steady, but its outlook for fewer policy-setting meetings next year prompted traders to reassess the rate path. Locally, student protests in several major cities heightened political risks, while oil above USD 100 per barrel added to fiscal strain. Further, foreign outflows deepened amid rupiah weakness. Traders also turned cautious ahead of next week’s key data releases, including October inflation, after September figures accelerated to 3.28%. Losses were broad, led by infrastructure, consumer cyclicals, property, and financials. Notable decliners included Indosat (-6.7%), Bakrie & Brothers (-6.4%), Energi Mega Persada (-5.6%), and Sarana Menara Nusantara (-4.6%).
2026-10-29
Indonesian Equities Dip for 3rd Session
Indonesian shares fell 46 points, or 0.9%, to 5,223 in Wednesday morning trade, down for a third session amid broad selling across non-cyclicals, energy, and transport. Sentiment weakened as U.S. stock futures were mainly lower ahead of the Fed’s rate decision later today and earnings from major tech companies. Locally, persistent rupiah weakness, foreign fund outflow concerns, and inflation risks continued to weigh on risk appetite. Pressure on the state budget also remained a concern as oil prices hovered above USD 100 per barrel. However, losses were partly capped by FTSE Russell’s decision to retain Indonesia’s emerging-market status. Meanwhile, the government said that fuel supplies remained adequate for both subsidised and non-subsidised products. In China, a key trading partner, industrial profits stayed resilient in January-September despite weakness in some sectors. Among the biggest laggards were Barito Pacific (-5.3%), Indosat (-5.0%), and Indofood Sukses Makmur (-3.8%).
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