Indonesia Shares Extend Strength Despite Renewed Geopolitical Tensions

Indonesian stocks rose 40 points or 0.7% to 5,962 on Monday morning, marking the second straight session of gains amid strength in cyclicals, infrastructure, basic materials, and energy. Sentiment was buoyed by reports of resilient investment momentum across strategic sectors in special economic zones. Meanwhile, fiscal stability was underscored by a primary balance surplus of IDR 85.1 trillion in H1 2026, keeping the budget comfortably within prudent limits. However, upside was tempered as U.S. equity futures slumped on renewed Middle East tensions, adding caution ahead of earnings season. Caution also emerged ahead of key data later this week from the main trading partner, China, including the June trade balance and Q2 GDP. Locally, governance risks remained in focus as anti-corruption enforcement intensified. Among early standouts were Barito Pacific (4.3%), ESSA Industries (3.5%), Pertamina Geothermal Energy 1.5%), and United Tractors (1.4%).

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