Indonesian Shares Rise for 3rd Session

Indonesian stocks rose 31 points or 0.5% to 6,152 in early Tuesday trading, extending gains for a third session as U.S. equity futures firmed on Wall Street’s AI optimism and buyout activity despite rising Treasury yields. Locally, the government is boosting social safety-net disbursements to support household purchasing power toward the end of the year. Separately, markets in main trading partner China will reopen Thursday after the Golden Week break. Gains were capped, however, by caution ahead of key domestic releases this week, including September forex reserves and consumer sentiment. Meanwhile, food inflation stayed elevated due to harvest disruptions from severe weather, El Niño, and localized disasters. Most sectors were higher, led by tech, energy, and transport. Gojek Tokopedia jumped 6.9%, followed by Bank Jago (3.9%), Medco Energi (1.8%), and Bank Tabungan Negara (1.4%). In contrast, Hartadinata Abadi (-1.4%), Mitra Adiperkasa (-1.3%), and Telkom Indonesia (-0.9%) lagged.