FX.co ★ Indonesia Shares Extend Decline to Kick off Week

Indonesian shares fell 49 points, or 0.8%, to 5,848 in early Monday trading, extending losses into a second session as transport, property, and non-cyclical stocks retreated. Investor sentiment remained cautious ahead of key data releases this week, including June CPI and May trade figures.

May inflation moved closer to the upper end of Bank Indonesia’s 1.5%–3.5% target range, reaching around 3.08%, driven by higher food and energy prices. At the same time, April’s trade surplus shrank to its lowest level since 2020, weighing on export-related inflows.

In China, Indonesia’s main trading partner, industrial profits posted solid growth in the first five months of the year, supported by AI-related investment and policy backing for advanced manufacturing. However, losses in Jakarta were contained by firmer U.S. equity futures after Washington and Tehran appeared to pull back from further confrontation, easing worries over the fragile ceasefire in the region.

Among the notable decliners were ESSA Industries (-5.6%), Perusahaan Gas Negara (-4.6%), Sumber Alfaria Trijaya (-4.1%), and AKR Corporindo (-2.4%).