Indonesia stocks edge higher as sectors gain amid volcano disruption
Indonesian shares rose 30 points, or 0.4%, to 6,662 in early trading, rebounding after the prior decline. Healthcare, energy and infrastructure led, while Mount Anak Krakatau disruption and weaker U.S. futures capped gains.
4%, to 6,662 in early trading on Monday, recovering after the prior decline as healthcare, energy and infrastructure shares supported sentiment. S. futures, with Wall Street closed Monday for a holiday. Traders also remained cautious ahead of domestic releases this week, including August forex reserves, consumer sentiment and July retail sales, while China is due to publish CPI and PPI data as well as trade figures in the coming days.
Government signals that the Free Nutritious Meals program budget could be cut below IDR 200 trillion also helped sentiment, with the move viewed as a prudent fiscal step. Concerns over natural disasters persisted, including Mount Anak Krakatau’s eruptions over the weekend, which heavily disrupted travel. 6%.