FX.co ★ IDX Composite Extends Losing Streak as March Drop Nears 14%

Indonesia’s IDX Composite slipped 17 points, or 0.2%, to 7,075 in Tuesday morning trade, extending its losing streak to a fourth consecutive session as weakness in transport and financial stocks weighed on the index. Investor sentiment remained cautious ahead of key domestic data releases, including March inflation and February trade figures.

February inflation came in at 4.76% year-on-year, a near three-year high and above Bank Indonesia’s target range, while January imports jumped in the run-up to Ramadan and Eid al-Fitr. Among the notable laggards were Perusahaan Gas Negara (-3.2%), Astra International (-2.4%), United Tractors (-2.2%), and Bank Negara Indonesia (-1.3%).

For March, the index is on course for a third straight monthly decline, having dropped about 13.7% so far. The market remains under pressure from both domestic and external headwinds, including escalating tensions in the Middle East, rupiah depreciation, and early signs of cost-push inflation, particularly in fuel-sensitive sectors such as aviation. Market breadth also remains weak, highlighting heightened sensitivity to global developments.