Indonesia’s IDX Composite slipped 11 points, or 0.1%, to 8,279 in early Thursday trading, ending a three-session winning streak as declines in non-cyclical, property, and healthcare shares weighed on the benchmark. Some investors moved to secure profits after the index touched a near two-week high in the previous session, a recovery from an earlier sell-off driven by transparency concerns.
Sentiment was further dampened by Indonesia’s drop to 109th place in the 2025 Corruption Perceptions Index, underscoring deteriorating perceptions of governance and anti-corruption efforts and potentially undermining confidence in the reform agenda.
Downside pressure was limited, however, by Jakarta’s plan to disburse about IDR 17 trillion in social assistance ahead of Eid al-Fitr 2026, a program expected to benefit 18 million families and provide a lift to household consumption.
Market mood also found some support in rising expectations of new stimulus measures in China, Indonesia’s key trading partner, following weaker January CPI data and continued producer price deflation.
Notable laggards included Mora Telematika (-3.9%), Pradiksi Gunatama (-3.1%), Soho Global Health (-2.9%), and Avia Avian (-1.3%).
