Weaknes in Indonesian Equities Persists as New Month Begins

Indonesian stocks fell 16 points or 0.3% to 6,056 on Thursday morning, the first trading day of October, extending weakness for the sixth straight session. Investors were on edge ahead of key data releases later today, including August trade and September inflation. Meanwhile, rising global oil prices amid U.S.—Iran tensions fueled concerns that monetary policy could stay tight longer, including in Indonesia. Still, losses were tempered by a rebound in September factory activity, with the S&P Manufacturing PMI hitting a seven-month high of 52.4 amid solid output, new orders, and export demand. Losses in tech, industry, and healthcare drove the decline, though gains in energy, cyclicals, and financials helped limit losses. Gojek Tokopedia continued its slump, plunging by 12.5%. Other notable laggards were United Tractors (-4.2%), AKR Corp. (-1.4%), and Mitra Adiperkasa (-1.0%).