Indonesian shares slip again; down 0.3% to 6,482
Indonesian shares fell 21 points, or 0.3%, to 6,482 in early Wednesday trade for a second straight session as weaker U.S. equity futures and pre-Nvidia earnings weighed sentiment.
Indonesian shares slipped 21 points, or 0.3%, to 6,482 in early Wednesday trade, marking the second straight session of losses as investors returned from a holiday.
Sentiment was dampened by weaker U.S. equity futures ahead of Nvidia’s earnings, while Washington weighed fresh trade measures against Canada.
Locally, the Indonesian bourse announced plans to cut the minimum share price limit from Rp 50 to Rp 1 by September 7, a move aimed at boosting liquidity but stirring caution among traders over asset impacts.
Meanwhile, several key domestic data will be due next week, including August inflation and July trade performance.
Still, losses were partly cushioned by strong July digital transactions, with rapid adoption of QRIS payments from Bank Indonesia supporting optimism.
Sectoral pressure came from transport, energy, and property, with notable laggards including Indosat (-3.4%), Medco Energi (-2.9%), Bank Rakyat Indonesia (-1.6%), and Charoen Pokphand (-1.0%).