ArthaBay: Indonesian Stock Market Defies Expectations with Gains Amid Economic Slowdown
The Indonesian stock market, represented by the IDX Composite (IHSG), delivered a surprise performance today, finishing higher despite the release of weaker-than-expected economic data. IHSG Performance: After opening in positive territory, the IHSG maintained its upward momentum throughout the trading day, eventually closing with a gain of approximately 0.74% to 0.76%. This marked a new one-month high for the index. Some reports indicated a closing level around 6,830 points, while others suggested that it had briefly surpassed 6,850 points during the session. Economic Context: Indonesia’s economic figures for Q1 2025 painted a mixed picture, with GDP shrinking by 0.98% on a quarter-on-quarter basis. This represented the first quarterly contraction in a year and was slightly below market expectations. The decline in GDP was primarily attributed to reduced government spending and weakened investment. Despite this less-than-ideal economic report, the stock market defied expectations...