Indonesian equities climbed 25 points, or 0.4%, to 7,644 in early Friday trading, snapping a two-session losing streak as U.S. equity futures firmed following fresh record highs on Wall Street. Sentiment improved on optimism that tensions in the Middle East could ease after Israel agreed to a temporary ceasefire with Lebanon and the United States.
The local market is on track for a second consecutive weekly gain, up 2.3% so far, underpinned by comments from Finance Minister Purbaya Yudhi Sadewa that U.S. investors currently prefer portfolio flows—bonds and equities—over long-term direct investment in Indonesia. His remarks followed meetings in Washington with 18 institutional investors, including Goldman Sachs and Fidelity.
Purbaya highlighted Indonesia’s solid macroeconomic fundamentals and prudent fiscal position, even amid ongoing geopolitical uncertainties and energy price risks. Sector advances were led by transport, basic materials, and property, partially offset by weakness in cyclical and industrial names. Among notable movers, Surya Citra Media rose 6.2%, Barito Pacific gained 3.5%, Adaro Andalan Indonesia added 3.0%, and United Tractors advanced 1.5%.
