Business · Markets · 9 hrs ago

Selling Pressure Remains High on Indonesian Bank Stocks

Selling Pressure Remains High on Indonesian Bank Stocks

Selling pressure on Indonesian bank stocks remains high, as investors weigh uncertainty in domestic and global markets.

US midterm results and Donald Trump's Middle East policy are among the external factors being watched.

Changes in oil prices, inflation and the global economy could follow from those developments.

At home, investors are focused on MSCI-related sentiment, Indonesian politics and third-quarter 2026 growth data.

Analyst Elvan Chandra Widyatama says growth in line with forecasts could strengthen confidence in Indonesia's economic resilience.

That confidence could support the Jakarta Composite Index and the rupiah, while the discussion also considers IPO prospects and sectors to watch without naming specific opportunities.

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Elvan Chandra WidyatamaFX analyst
Sustained Indonesian economic growth in line with projections will strengthen market confidence in the resilience of the Indonesian economy.
via CNBC Indonesia