Indonesian shares rose 22 points, or 0.3%, to 7,150 in Monday’s morning session, snapping a five-day losing streak and rebounding from a three-week low. Sentiment was supported by bargain hunting after renewed worries over structural weaknesses in the domestic capital market had dragged equities lower last week. Additional support came from tighter foreign exchange regulations, with the central bank now requiring documentation for larger foreign currency purchases to strengthen oversight of FX flows.
Upside momentum was limited, however, by investor caution ahead of April inflation data due later this week. In March, headline CPI eased to a three-month low of 3.48% but stayed within Bank Indonesia’s 1.5%–3.5% target band, keeping inflation risks in focus amid heightened global uncertainty stemming from the conflict in the Middle East.
Sector-wise, basic materials, financials, and cyclical stocks led the advance, while energy and healthcare underperformed. Notable gainers included GojekTokopedia (+3.9%), Bumi Resources (+3.7%), Mitra Adiperkasa (+2.7%), and Vale Indonesia (+2.2%).
