Indonesian equities rose 61 points, or 0.8%, to 7,735 in Wednesday morning trade, extending their winning streak to a sixth consecutive session. The advance followed Wall Street’s S&P 500 closing near record highs overnight, supported by easing U.S. inflation pressures and renewed hopes for a diplomatic breakthrough in the Middle East.
Sentiment was further underpinned by expectations that Jakarta will stay committed to energy security, fiscal revenue mobilization, and disciplined spending priorities amid ongoing global uncertainties. The local market hovered around a five-week high, with gains recorded across all sectors, led by industrials, transportation, and basic materials.
Nonetheless, depreciation of the rupiah added to cost pressures, even as March inflation moderated from February’s three-year peak. Looking ahead, Bank Indonesia is scheduled to hold a policy meeting next week, with officials indicating limited room for additional monetary easing after 150 basis points of rate cuts since September 2024.
Among early outperformers were Impack Pratama Industri, up 5.5%; Adaro Andalan, rising 4.6%; Trimegah Bangun Persada, gaining 3.6%; and Sinar Mas Multiartha, advancing 3.3%.