Indonesian equities advanced 77 points, or 1%, to 7,518 in early Wednesday trading, extending the sharp gains from the previous session. The move tracked a rally in U.S. futures following reports that the International Energy Agency is considering its largest-ever release of oil reserves to cool surging crude prices.
Market sentiment was also supported by stronger-than-expected export and import figures from China, Indonesia’s largest trading partner, for the first two months of 2026, suggesting resilient external demand. On the domestic front, retail activity remained solid in January, underpinned by seasonal spending ahead of Ramadan and the Eid al-Fitr holiday.
Upside, however, was limited by investor caution ahead of next week’s Bank Indonesia policy meeting, after the central bank left interest rates unchanged for a fifth consecutive time in February.
Gains were broad-based, led by the transport, infrastructure, and property sectors. Notable outperformers included Solusi Sinergi Digital (up 8.1%), Raharja Energi Cepu (5.6%), Sentul City (4.5%), Bukit Uluwatu Villa (3.3%), and Unilever Indonesia (2.1%).
