Jakarta – The Bisnis-27 Index opened higher on Wednesday, April 29, 2026, buoyed by strong performances from key stocks including INCO, ASII, and BUMI.
Data from IDX Mobile at 9:05 AM Western Indonesian Time (WIB) indicated that the index, a collaboration with Bisnis Indonesia daily, commenced trading at 470.43, marking a 0.53% increase. Of the 27 constituent stocks, 17 traded in positive territory, seven declined, and three remained unchanged.
Among the prominent gainers within the index were PT Vale Indonesia Tbk. (INCO), which saw a 2.57% rise to Rp6,975; PT Astra International Tbk. (ASII) climbed 2.07% to Rp6,150; and PT Bumi Resources Tbk. (BUMI) advanced 1.75% to Rp232.
Further contributing to the upward momentum were PT United Tractors Tbk. (UNTR), up 1.66% to Rp30,675, and PT Trimegah Bangun Persada Tbk. (NCKL), which rose 1.33% to Rp1,440.
Conversely, several stocks exerted downward pressure on the index. PT Aneka Tambang (Persero) Tbk. (ANTM) fell 0.99% to Rp4,000, while PT Pertamina Geothermal Energy Tbk. (PGEO) decreased by 0.98% to Rp1,015. Other notable decliners included PT Kalbe Farma Tbk. (KLBF), down 0.56% to Rp880, and PT Dharma Satya Nusantara Tbk. (DSNG), which slipped 0.28% to Rp1,765.
Phintraco Sekuritas’ research team attributed the market’s cautious sentiment to ongoing geopolitical tensions, which are prompting investors to adopt a risk-off approach. This is further exacerbated by rising crude oil prices, potentially fueling global inflation and subsequently weighing on domestic index movements.
In an effort to mitigate the impact of inflation, the government has introduced fiscal policies. Starting in May 2026, a six-month import duty exemption, or a 0% tariff, will be applied to LPG and a range of plastic products. Currently, the import tariff for LPG stands at 5%. This initiative is expected to ease the burden on consumers and help stabilize prices amidst prolonged geopolitical tensions driving up energy commodity costs.
On the global front, investor attention is keenly focused on the outcomes of the US Federal Reserve’s upcoming meeting and the accompanying statement from Fed Chair, scheduled for Wednesday local time. The Fed’s forward monetary policy stance is anticipated to significantly influence global capital flows.
Additionally, several key US economic data points are slated for release this week, including building permits, durable goods orders, housing starts, PCE inflation, and Q1 2026 economic growth figures.
Domestically, market participants are closely monitoring the Q1 2026 earnings season and various corporate actions from listed companies, such as dividend distributions and rights issues, which could impact sector-specific stock performance.
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Disclaimer: This news report is not intended as investment advice. Investment decisions are solely the responsibility of the reader. Bisnis.com is not liable for any losses or gains resulting from the reader’s investment decisions.
Summary
The Bisnis-27 Index opened with a 0.53% gain on April 29, 2026, reaching 470.43 as 17 of its 27 constituent stocks traded in positive territory. Significant growth was led by INCO, ASII, and BUMI, which recorded gains of 2.57%, 2.07%, and 1.75% respectively. This upward momentum was also supported by positive performances from UNTR and NCKL.
Despite these gains, investors remain cautious due to geopolitical tensions and rising oil prices. In response, the government has announced a 0% import duty on LPG and certain plastic products starting in May 2026 to curb inflation. Market participants are now closely monitoring upcoming US Federal Reserve policy decisions and domestic first-quarter earnings reports.
