Indonesian Equities Under Strain
Indonesia’s IDX Composite slipped 66 points, or 1.1%, to 5,876 in early Thursday trade, reversing the prior session’s modest gain as sentiment soured amid a global equity selloff. Chip stocks plunged, and faster-than-expected U.S. inflation stoked concern over further rate hikes, weighing on Asian markets. Locally, caution intensified ahead of MSCI’s November review of Indonesian equities, while the bourse added 19 names to its High Shareholding Concentration list. Still, losses were partly cushioned by the IMF’s decision to raise Indonesia’s 2026 growth forecast to 5.1% from 5.0%, citing support for household purchasing power and stronger government spending toward year-end. All sectors were in the red, led by energy, basic materials, transport, and property. Notable decliners included Indokripto Koin Semesta (-10.0%), Gojek Tokopedia (-7.1%), Mitra Adiperkasa (-6.4%), and Impack Pratama Industri (-5.5%).
1%, to 5,876 in early Thursday trade, reversing the prior session’s modest gain as sentiment soured amid a global equity selloff. S. inflation stoked concern over further rate hikes, weighing on Asian markets. Locally, caution intensified ahead of MSCI’s November review of Indonesian equities, while the bourse added 19 names to its High Shareholding Concentration list.
0%, citing support for household purchasing power and stronger government spending toward year-end. All sectors were in the red, led by energy, basic materials, transport, and property. 5%).