FX.co ★ Indonesia Equities Recover from Three-Week Low

Indonesia’s IDX Composite rose 60 points, or 1.1%, to 5,703 on Wednesday afternoon, breaking a three-day losing streak on the first trading day of July as bargain hunters stepped in after the market hit a three-week low. The benchmark index reversed early losses, with buying interest broadening across basic materials, energy, and infrastructure stocks.

Risk appetite improved after the government cut industrial LNG prices to help lower production costs, while President Prabowo prepared to roll out the B50 biodiesel mandate to bolster energy security. Investors also shrugged off weak May trade figures, which showed the first deficit since April 2020 amid falling exports and resilient imports.

At the same time, inflation accelerated to a three-month high in June but remained within Bank Indonesia’s target range. Externally, sentiment was supported by Wall Street’s strong performance in the first half of 2026, driven in part by gains in chipmakers.

Notable gainers in Jakarta included Petrindo Jaya Kreasi (+13.2%), Merdeka Battery Materials (+6.5%), Vale Indonesia (+6.1%), and Medco Energi (+3.9%).