20.02.202602:54:38UTC+00Indonesia Stocks Muted, Weekly Gain Still in Sight

Indonesia’s IDX Composite was little changed on Friday morning, trading near 8,281 after closing lower in the previous session. Gains in infrastructure and industrial stocks nearly offset declines in healthcare and property shares.

Market participants continued to assess Bank Indonesia’s decision on Thursday to leave its benchmark interest rate unchanged for a fifth consecutive meeting, highlighting the central bank’s priority of maintaining rupiah stability and keeping inflation in check. Investors were also watching President Prabowo’s participation in the Board of Peace summit, ahead of a planned signing of a trade agreement with the United States.

On the corporate front, Jakarta has agreed to extend Freeport’s mining permits through 2041, providing greater legal certainty for operations in the Grasberg district. On a weekly basis, the market is on track for a second consecutive gain, up around 0.8%, supported by fiscal policies aimed at bolstering stability and growth.

Among notable movers, XLSmart Telecom rose 2.1% and United Tractors gained 2.0%, while Hanjaya Mandala Sampurna fell 3.2%, Sinar Mas Multiartha lost 2.3%, and Indah Kiat Pulp & Paper declined 1.9%.