Indonesian shares rose 91 points, or 1.6%, to 5,977 in Friday morning trade, extending gains to a fourth straight session after Wall Street rallied overnight on optimism that a U.S.–Iran agreement could be reached as early as this weekend. Domestically, policymakers indicated that the 2027 fiscal strategy will put growth at the forefront, emphasizing tighter coordination between fiscal and monetary policy, the financial sector, and Danantara-backed investment.
All major sectors advanced, with basic materials, industrials, energy, and transport leading the gains. The upside was limited, however, by April retail sales data showing a 3.7% year-on-year decline—the first drop in a year—which highlighted the impact of higher non-subsidized fuel prices on household spending.
Notable movers included Darma Henwa (up 5.4%), Indofood Sukses Makmur (4.4%), Telkom Indonesia (3.1%), and Aneka Tambang (2.2%). For the week, the IDX Composite is on track for its first weekly advance in eight weeks, up about 6.6% so far, supported by bargain hunting after the benchmark recently touched a six-year low.