Indonesian Shares Up for 5th Session
Indonesia’s IDX Composite jumped 80 points, or 1.5%, to 5,153 in Tuesday morning trade, extending gains for a fifth session to a near two-week top. Stronger U.S. equity futures buoyed sentiment, following an overnight Wall Street rally, as tech stocks rebounded and oil prices eased after President Trump said further strikes on Iran would not be necessary despite the U.S. remaining “locked and loaded. Locally, foreign investors returned Monday with a total purchase of IDR 104.08 billion across all markets. Meanwhile, consumer mood hit a five-month high in October, lifted by continued government stimulus measures. However, gains were capped by caution ahead of anticipated student-led protests later in the day. September retail sales data were also due later in the day, following solid growth in August. All sectors advanced, led by basic materials, industrials, property and energy. Petrosea (15.3%), Timah (5.7%), Bakrie & Brothers (5.2%) and Kalbe Farma (4.0%) were among top gainers.
Indonesia’s IDX Composite jumped 80 points, or 1.5%, to 5,153 in Tuesday morning trade, extending gains for a fifth session to a near two-week top. Stronger U.S. equity futures buoyed sentiment, following an overnight Wall Street rally, as tech stocks rebounded and oil prices eased after President Trump said further strikes on Iran would not be necessary despite the U.S. remaining “locked and loaded.
Locally, foreign investors returned Monday with a total purchase of IDR 104.08 billion across all markets. Meanwhile, consumer mood hit a five-month high in October, lifted by continued government stimulus measures. However, gains were capped by caution ahead of anticipated student-led protests later in the day. September retail sales data were also due later in the day, following solid growth in August.
All sectors advanced, led by basic materials, industrials, property and energy. Petrosea (15.3%), Timah (5.7%), Bakrie & Brothers (5.2%) and Kalbe Farma (4.0%) were among top gainers.