Indonesian equities rise to three-month high on Friday morning
Indonesian stocks rose 26 points, or 0.4%, to 6,527 in Friday morning trade, extending gains to a three-month high as broader buying lifted financials, infrastructure and property.
4% to 6,527 in Friday’s morning trade, extending gains to a three-month high after Thursday’s advance. S. equity futures despite Wall Street’s overnight losses on rebounding Treasury yields and surging oil prices. Locally, July credit growth remained firm though businesses slowed borrowing amid uncertainty.
Upside was capped by caution ahead of Q2 current account data due later today, after Q1’s deficit widened to its largest since 2019 on weak trade. Risks also linger from potential El Niño-driven food inflation, threatening purchasing power and confidence. 2%) among key movers. 9%, rebounding from last week’s modest decline.