Indonesian shares slipped 0.2% to 5,115 in Wednesday morning trade, breaking a five-session winning streak as declines in basic materials and infrastructure stocks weighed on sentiment. The market pulled back from a near two-week high amid heightened political uncertainty after Vice President Gibran Rakabuming Raka met with President Prabowo and signaled his intention to resign, following two court rulings on his educational credentials.
Investors also digested regulatory changes after the stock exchange sharply expanded its high-shareholding-concentration watchlist from 83 to 383 stocks. Externally, sentiment was dampened by Wall Street’s mostly lower close overnight, as stronger-than-expected U.S. inflation data reinforced expectations of further Federal Reserve interest rate hikes.
In key trading partner China, the trade surplus exceeded $1 trillion in the first ten months of 2026, supported by robust high-tech exports amid an AI hardware boom, which helped offset subdued domestic demand. Among notable laggards in Jakarta, Indo Tambangraya Megah dropped 4.1%, while Merdeka Copper Gold fell 3.6%, Archi Indonesia lost 3.4%, and Indika Energy retreated 2.4%.
