10.07.202602:40:40UTC+00Indonesia Stocks Edge Higher, Set for Modest Weekly Rise

Indonesia’s IDX Composite rose 18 points, or 0.3%, to 5,932 in early Friday trade, extending the prior session’s gains as the rebound in US chip stocks overnight spilled over into local sentiment. The IMF meanwhile kept its April forecast unchanged, projecting Indonesia’s economy to expand by 5% in 2026 despite ongoing global uncertainty.

On the domestic data front, June car sales climbed 12% year-on-year, marking a third straight monthly increase and lifting first-half volumes 15.9% from a year earlier. However, this upbeat signal was offset by May retail figures, which showed the sharpest annual contraction in three years, as higher non-subsidized fuel prices weighed on household spending.

Mining services underperformed in the first half of 2026, pressured by lower production quotas under existing work plans, with contractors awaiting potential revisions. Even so, the IDX Composite is poised for its first weekly advance in three weeks, up about 0.7% so far. Among the notable gainers were Pertamina Geothermal Energy (up 3.7%), Vale Indonesia (2.8%), Darma Henwa (2.4%), and Aneka Tambang (2.1%).