Indonesian equities climbed 153 points, or 2.1%, to 7,457 in early Friday trading, advancing for a third consecutive session to their highest level in nearly a month. Sentiment was buoyed by overnight gains on Wall Street and continuing negotiations between the U.S. and Iran aimed at resolving the six-week conflict in the Middle East.
The market is on track to finish the week sharply higher, up about 6% so far, supported by optimism over resilient first-quarter growth underpinned by solid domestic demand during the festive period. Externally, data from key trading partner China showed producer prices rising in March for the first time in almost three years, reflecting firmer demand following Beijing’s crackdown on industrial overcapacity and the effects of elevated geopolitical risks.
On the corporate front, Freeport Indonesia plans to restore output at the Grasberg mine to near full capacity by the end of 2026, with current production estimated at 40–50% of normal levels. Gains were broad-based across all sectors, led by cyclicals, basic materials, and energy. Notable outperformers included Pantai Indah Kapuk (up 12.6%), Bangun Kosambi (9.5%), Elang Mahkota (8%), and Raharja Energi Cepu (6.5%).
