Early Gains in Property and Energy Shares Lift Indonesia Stocks
Jakarta. Indonesian stocks opened higher on Friday, supported by gains in real estate, energy, and plantation shares, even as global sentiment remained cautious following Wall Street’s overnight slump.
The benchmark index rose 8 points, or 0.09 percent, to 8,132 at the opening bell, moving within a range of 8,075–8,140.
Trading volume stood at 7.2 billion shares, with a turnover of Rp 4.7 trillion ($283 million) from around 525,000 transactions. A total of 152 stocks advanced, 369 fell, and 153 were unchanged.
Among the morning’s top performers were real estate developer Puri Global Sukses (PURI), which soared 17.52 percent, energy companies GTS Internasional (GTSI) up 15.62 percent, and Gozco Plantations (GZCO), gaining 10.15 percent. Coffee producer Prasidha Aneka Niaga (PSDN) and education services Idea Indonesia Akademi (IDEA) also posted strong advances of 9.23 percent and 8.62 percent, respectively.
Overnight, US markets closed lower as renewed anxiety over mid-sized banks and a prolonged federal government shutdown weighed on risk appetite. The S&P 500 lost 0.6 percent, the Dow Jones Industrial Average dropped 301 points or 0.7 percent, and the Nasdaq Composite fell 0.5 percent.
Investors grew wary after the collapse of two automakers revived fears about weak credit quality in consumer lending. The market’s earlier optimism, sparked by strong quarterly earnings from Taiwan Semiconductor Manufacturing Co. (TSMC), quickly faded. TSMC’s CFO Wendell Huang said demand for “leading-edge process technologies” remains strong heading into year-end, reinforcing AI sector growth expectations.
In Asia, regional benchmarks were mostly in the red. Japan’s Nikkei fell 457 points or 0.95 percent to 47,820, South Korea’s Kospi slipped 0.42 percent to 3,732, Hong Kong’s Hang Seng eased 0.14 percent to 25,851, and Shanghai’s SSE dropped 0.10 percent to 3,912.
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