Record Highs Hold as Indonesia Stocks Extend Gains

2026-01-08 03:07 By Farida Husna 1 min. read

Indonesian shares rose 51 points, or 0.6%, to 8,994 in Thursday morning trade, marking another peak and increasing for a seventh straight session.

The advance was driven largely by stock-specific catalysts rather than broad risk-on sentiment.

Meantime, domestic inflation remained contained within the central bank’s target, easing worries over household purchasing power, while President Prabowo Subianto’s declaration of rice self-sufficiency in 2025 added to optimism.

Still, gains were capped by caution ahead of December forex reserves data due later today, and by lingering deflation risks in China, Indonesia’s top trading partner, with CPI and PPI figures scheduled for Friday.

In the U.S., markets ended mixed overnight, where the S&P 500 and Dow Jones fell from record peaks, but the Nasdaq edged higher, ahead of key labor data.

Sector strength was uneven, though early standouts included Petrosea (5.5%), Barito Pacific (4.3%), Alamtri Resources (4.0%), and Bank Rakyat Indonesia (1.1%).



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