Indonesian Stocks Rise for 4th Session as Week Opens
Indonesian shares rose 41 points, or 0.8%, to 5,088 in early trade on Monday, extending gains for a fourth session amid stronger U.S. stock futures ahead of key inflation data and major AI company earnings this week. Sentiment was also lifted by fresh data showing October forex reserves hit a seven-month high. Meanwhile, Q3 GDP growth accelerated to 5.47% yoy, beating expectations on resilient private consumption and solid manufacturing. However, gains were limited by caution ahead of MSCI’s November index review, with its final decision on Indonesia’s market status expected by June 2027 at the latest. Political tensions also remained elevated following a wiretapping scandal involving several senior police officers, with students and other groups expected to stage protests later this week. All sectors gained, led by energy, cyclicals, basic materials, and infrastructure. Among early standouts were Solusi Sinergi Digital (7.6%), Telkom Indonesia (4.0%), and Aneka Tambang (3.0%).
Indonesian shares rose 41 points, or 0.8%, to 5,088 in early trade on Monday, extending gains for a fourth session amid stronger U.S. stock futures ahead of key inflation data and major AI company earnings this week. Sentiment was also lifted by fresh data showing October forex reserves hit a seven-month high. Meanwhile, Q3 GDP growth accelerated to 5.47% yoy, beating expectations on resilient private consumption and solid manufacturing.
However, gains were limited by caution ahead of MSCI’s November index review, with its final decision on Indonesia’s market status expected by June 2027 at the latest. Political tensions also remained elevated following a wiretapping scandal involving several senior police officers, with students and other groups expected to stage protests later this week. All sectors gained, led by energy, cyclicals, basic materials, and infrastructure. Among early standouts were Solusi Sinergi Digital (7.6%), Telkom Indonesia (4.0%), and Aneka Tambang (3.0%).