Indonesian equities steady as Jakarta protests and next-week data eyed
Indonesia shares were little changed near 6,412 after two prior-session declines. Healthcare, cyclicals and industrials rose while basic materials, financials and technology fell. Investors watched planned Jakarta protests and upcoming August inflation and July trade data.
Indonesian equities were little changed on Thursday morning deals, hovering around 6,412 after declines in the prior two sessions.
Gains in healthcare, cyclicals, and industrials were offset by weakness in basic materials, financials, and technology.
Investors kept an eye on planned protests in Jakarta later today, where demonstrators are urging parliament to pass the Asset Forfeiture Bill to bolster anti-corruption efforts.
Attention also turned to upcoming domestic data next week, including August inflation and July trade figures.
U.S. sentiment provided some lift as futures rallied after Nvidia’s blowout earnings, with Q2 revenue more than doubling and beating forecasts by the widest margin in two years.
Alamtri Resources rose 3.4%, followed by Indika Energy (3.0%), Darma Henwa (1.9%), and Bukit Asam (1.7%).
On the downside, Telkom Indonesia slipped 1.2%, along with Bank Negara Indonesia (-1.1%), Surya Citra Media (-1.0%), and Kalbe Farma (-0.6%).