29 August 2025, 09:31 Indonesia: Stocks Fall from Record High Amid Ongoing Protests.
The IDX Composite dropped 163 points, or 2.3%, to 7,770 around noon on Friday, halting gains from the previous two sessions and marking its lowest level in over two weeks. The decline came as traders engaged in profit-taking after the broader index hit a record high the previous day. Sentiment was also weighed down by rising political tensions, with an increasing number of demonstrations questioning the performance of parliament on Thursday and continuing into today. Ongoing foreign outflows added to the downward pressure. However, an upbeat session on Wall Street overnight helped cap the decline. Traders are also awaiting the release of key domestic economic indicators, including August consumer prices and July trade data, next Monday. All sectors were in the red, led by primary consumer, property, and raw materials. Major laggards included Bank Jago (-8.1%), Teknologi Karya Digital (-7.1%), Hetzer Medical Indonesia (-5.4%), and Amman Mineral Internasional (-4.9%)
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