Indonesia Stocks Rise 0.8%

Indonesian shares rose 51 points or 0.8% to 6,319 in early deals on Wednesday, halting losses in the prior two sessions amid widespread gains across major sectors led by infrastructure, energy, basic materials, and cyclicals. sentiment improved following fresh data showing July car sales surged 33%, hinting at recovery in the automotive sector.

Traders also took note of President Prabowo’s nomination of acting BI Governor Destry Damayanti as the sole candidate to succeed Perry Warjiyo, a move seen as providing policy continuity.

Still, upside was tempered by overnight weakness on Wall Street and caution ahead of MSCI’s August 2026 Review later today, with rebalancing effective after August 31.

Domestic concerns also lingered as retail sales fell for a third straight month in June, weighed by softness in discretionary categories.

Standout movers included Indosat (8.4%), Petrindo Jaya Kreasi (5.6%), Bumi Resources (2.8%), and Japfa Comfeed (1.8%).