6 May 2026, 07:20 Indonesia: Equities Rise for Third Session.
Indonesian shares advanced 37 points or 0.5% to 7,094 in early Wednesday trade, extending gains for a third session after record closes on Wall Street’s S&P 500 and Nasdaq, lifted by U.S. President Donald Trump’s pause in efforts to reopen the Strait of Hormuz to allow time for a deal with Iran. Locally, Indonesia's GDP grew 5.61% yoy in Q1 2026, beating market forecasts and marking the fastest yearly expansion since 2022, boosted by festive-season demand, government spending on the Free Nutritious Meal Program, and a favorable low base. However, strength was tempered by a smaller trade surplus in March, reflecting sharp declines in coal and coffee exports. Meanwhile, the rupiah's weakness persisted, adding pressure to the economy. All sectors moved higher, led by basic materials, non-cyclicals, and industrials. Top movers included J Resources Asia Pacific (11.8%), TBS Energy Utama (8.6%), Unilever Indonesia (5.5%), and Energi Mega Persada (4.6%).
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