Jakarta Stock Exchange Index Closes Slightly Higher amid "Wait and See" Stance on Next Week's Economic Data

Jakarta - The Jakarta Stock Exchange’s Composite Index (IHSG) closed marginally higher on Friday afternoon as market participants adopted a “wait and see” stance regarding domestic and international economic data expected next week.

The IHSG rose 0.23 points, or 0.00 per cent, to close at 8,235.49. Meanwhile, the blue-chip LQ45 index, comprising 45 leading shares, fell 3.53 points, or 0.42 per cent, to 834.36.

“Awaiting a number of important economic indicator data next week,” said Ratna Lim, Head of Research at Phintraco Securities, in her analysis released in Jakarta on Friday.

The index had moved downward for much of the trading session due to negative sentiment surrounding uncertainty regarding US tariffs, warnings from S&P Global Ratings concerning increased fiscal pressure in Indonesia, and month-end MSCI rebalancing.

Market participants are also awaiting data on foreign exchange reserves for February 2026, expected on Friday 6 March.

From the United States, market participants are anticipating several economic data releases, including the ISM Manufacturing Index, ISM non-manufacturing index, ADP Employment Change, Nonfarm Payrolls (NFP), unemployment rate, and Retail Sales.

Globally, market participants are awaiting economic data releases, including February 2026 inflation figures for the Euro Area, manufacturing and services indices from China, consumer confidence from Japan, and retail sales from the Euro Area.