FX.co ★ Indonesia Stocks Muted Ahead of GDP Data

In Wednesday morning trading, Indonesia's IDX Composite showed minimal movement, lingering close to 8,116 after posting a 2.5% increase in the previous session. Investors turned their attention to the upcoming release of the Q4 GDP data on Thursday, which is anticipated to indicate continued economic growth, albeit at a decelerated pace due to the significant disaster that occurred in Sumatra late last year. Concurrently, the government has reportedly earmarked IDR 12.83 trillion for a stimulus package aimed at Q1 2026. This package is designed to bolster domestic demand through measures such as discounts on transportation tickets, reductions in toll road tariffs, and the expedited distribution of social assistance from February to March. Declines in property, technology, and energy stocks were largely neutralized by advancements in basic materials and transportation sectors. Notable declines included Astrindo Nusantara, which fell 11.9%, as well as Bumi Resources (-4.5%), Telkom Indonesia (-2.9%), and Petrosea (-1.2%). These losses were counterbalanced by gains in major banking institutions, with Bank Central Asia appreciating by 1.6% and Bank Rakyat Indonesia increasing by 1.1%.