Indonesian Shares Recoup Early Losses in Afternoon Trade

2026-11-02 08:40 By Farida Husna 1 min. read

Indonesian shares climbed 44 points, or 0.9%, to 5,113 on Monday afternoon, reversing early losses as sentiment improved amid stronger U.S.

stock futures and falling oil prices following reports of renewed U.S.-Iran diplomatic efforts to ease Middle East tensions.

Traders also eagerly anticipate further corporate earnings, U.S.

jobs data, and the upcoming midterm elections.

Locally, risk appetite was lifted by a stronger-than-expected September trade surplus, as exports grew more than forecast while imports unexpectedly slowed.

Meanwhile, the Indonesian bourse officially implemented a major reform, excluding 81 stocks classified as having High Shareholding Concentration from benchmark index calculations.

The measure was fast-tracked in response to MSCI warnings over potential market reclassification.

Most sectors advanced, led by basic materials, energy, and infrastructure.

Top movers included Darma Henwa (10.3%), Bumi Resources (9.2%), Indika Energy (8.4%), and Merdeka Battery (6.7%).



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Indonesian Shares Recoup Early Losses in Afternoon Trade
Indonesian shares climbed 44 points, or 0.9%, to 5,113 on Monday afternoon, reversing early losses as sentiment improved amid stronger U.S. stock futures and falling oil prices following reports of renewed U.S.-Iran diplomatic efforts to ease Middle East tensions. Traders also eagerly anticipate further corporate earnings, U.S. jobs data, and the upcoming midterm elections. Locally, risk appetite was lifted by a stronger-than-expected September trade surplus, as exports grew more than forecast while imports unexpectedly slowed. Meanwhile, the Indonesian bourse officially implemented a major reform, excluding 81 stocks classified as having High Shareholding Concentration from benchmark index calculations. The measure was fast-tracked in response to MSCI warnings over potential market reclassification. Most sectors advanced, led by basic materials, energy, and infrastructure. Top movers included Darma Henwa (10.3%), Bumi Resources (9.2%), Indika Energy (8.4%), and Merdeka Battery (6.7%).
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