Indonesian Stocks Rise to 2-Week High, Eye Solid Weekly Gain

2026-11-13 03:00 By Farida Husna 1 min. read

Indonesian equities rose 39 points, or 0.8%, to 5,291 in early Friday trading, extending gains to a two-week high.

Markets are on track for a strong weekly advance of around 5.3%, boosted by easing political uncertainty after Vice President Gibran Rakabuming resigned, with government officials reassuring investors that economic activity remains unaffected.

Meanwhile, MSCI's November review removed Barito Pacific and Bumi Resources from its global index, leaving just seven Indonesian constituents, including the four major banks.

Nearly all sectors moved higher, led by tech, property, energy, and financials.

However, gains were tempered by caution ahead of next week's Bank Indonesia meeting, as policymakers face a growing trade-off between rupiah stability and economic growth.

Globally, Wall Street ended lower overnight following Nvidia’s leadership shakeup.

Top performers included ESSA Industries (9.6%), Solusi Sinergi Digital (7.4%), Semen Indonesia (3.9%), and Telkom Indonesia (2.3%).



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Indonesian Stocks Rise to 2-Week High, Eye Solid Weekly Gain
Indonesian equities rose 39 points, or 0.8%, to 5,291 in early Friday trading, extending gains to a two-week high. Markets are on track for a strong weekly advance of around 5.3%, boosted by easing political uncertainty after Vice President Gibran Rakabuming resigned, with government officials reassuring investors that economic activity remains unaffected. Meanwhile, MSCI's November review removed Barito Pacific and Bumi Resources from its global index, leaving just seven Indonesian constituents, including the four major banks. Nearly all sectors moved higher, led by tech, property, energy, and financials. However, gains were tempered by caution ahead of next week's Bank Indonesia meeting, as policymakers face a growing trade-off between rupiah stability and economic growth. Globally, Wall Street ended lower overnight following Nvidia’s leadership shakeup. Top performers included ESSA Industries (9.6%), Solusi Sinergi Digital (7.4%), Semen Indonesia (3.9%), and Telkom Indonesia (2.3%).
2026-11-13
Indonesian Shares Rally as Political Jitters Ease
Indonesian stocks jumped 80 points, or 1.6%, to 5,191 in Thursday morning deals, recovering from the prior session's modest fall as all sectors advanced. Sentiment improved as political uncertainty moderated after Vice President Gibran Rakabuming submitted his resignation following a Supreme Court ruling concerning the validity of his high-school diploma. Traders also welcomed assurances of 4.5 million tons of rice supply ahead of year-end, easing concerns over food prices amid severe El Niño conditions. Regional sentiment gained support from China's pledge to strengthen monetary policy measures and boost domestic demand. Darma Henwa (8.5%), Bumi Resources (5.8%), Bukit Asam (3.7%), and Indosat (2.2%) led early gains. However, caution ahead of Bank Indonesia's policy meeting next week and concerns over the rupiah-growth trade-off capped optimism. Meanwhile, MSCI would remove Barito Pacific from its indexes, adding to worries over Indonesia's efforts to retain emerging-market status.
2026-11-12
Indonesian Stocks Slip Amid Political Uncertainty
Indonesian shares fell 0.2% to 5,115 in Wednesday morning trade, snapping a five-session winning streak as losses in basic materials and infrastructure weighed on sentiment. The market retreated from a near two-week high amid political uncertainty after VP Gibran Rakabuming Raka met President Prabowo and expressed his intention to resign, following two court rulings on his education credentials. Traders also assessed regulatory changes as the bourse expanded its high-share-holding-concentration watchlist from 83 to 383 stocks. Overnight, Wall Street ended mostly lower after strong U.S. inflation data lifted bets of further Fed rate hikes. In main trading partner China, trade surplus topped $1 trillion in the first ten months of 2026, supported by strong high-tech exports amid the AI hardware boom, helping offset weak domestic demand. Among notable laggards, Indo Tambangraya Megah fell 4.1%, followed by Merdeka Copper Gold (-3.6%), Archi Indonesia (-3.4%), and Indika Energy (-2.4%).
2026-11-11