double-skinned crabsVietnamese crab exportergood crabexellent crab

Early Gains in Property and Energy Shares Lift Indonesia Stocks

Associated Press, Ria Fortuna Wijaya
October 17, 2025 | 9:14 am
SHARE
An investor monitors stock movements on a smartphone in Jakarta on Wednesday, Aug. 20, 2025, as the JCI closes higher after BI's rate cut. (Berita Satu Photo/ David Gita Roza)
An investor monitors stock movements on a smartphone in Jakarta on Wednesday, Aug. 20, 2025, as the JCI closes higher after BI's rate cut. (Berita Satu Photo/ David Gita Roza)

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.

ADVERTISEMENT

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.

Tags: Keywords:
Google Add Investor.id as a preferred source on Google +
SHARE

Related Articles


Business 2 hours ago

MSCI Concerns, Tighter IDX Trading Rules Send Indonesian Stocks Down 5% by Midday

Indonesian stocks plunge 5% by midday as MSCI concerns weigh on sentiment and the IDX tightens its daily downside limit to 7%.
Business 6 hours ago

Indonesian Bank Stocks Hit Pandemic-Era Valuations After MSCI Shock

Indonesian bank stocks hit crisis-era lows as MSCI's downgrade proposal sparks a selloff and fuels fears of foreign outflows.
Business 6 hours ago

Indonesian Stocks Sink Toward 4,900 as MSCI Threat, $110 Oil Bite

Indonesian stocks plunged 4.31% to a 2026 low near 4,900 as MSCI downgrade fears and oil prices topping $110 per barrel.
Business Oct 17, 2026 | 11:53 am

Black Week for Indonesia Stocks Exchange as Market Loses $85 Billion

Indonesia’s stocks plunged 14.91% in a week, wiping out $94 billion in market value as MSCI weighs a downgrade to standalone status.
Business Oct 16, 2026 | 5:09 pm

Indonesia Fines DSSA, BREN and CUAN Rp 2.1 Trillion for Market Violations

OJK fines DSSA, BREN and CUAN Rp 2.1 trillion over stock manipulation and alleged irregularities in share offerings.
Business Oct 16, 2026 | 4:04 pm

Indonesian Stocks End at 2026 Low After Losing 11.57% on MSCI Warning

Indonesian stocks lost 11.57% to hit a new 2026 low as MSCI's reclassification warning rattled investor confidence.
Business Oct 16, 2026 | 3:52 pm

MSCI Concerns Put Indonesia’s Market Reforms to the Test

MSCI’s concerns over ownership transparency and market enforcement put Indonesia’s stock-market reforms under scrutiny.
Business Oct 16, 2026 | 12:48 pm

Indonesia Could Join Zimbabwe, Palestine in MSCI Standalone Market Downgrade

Indonesia risks joining Zimbabwe and Palestine in MSCI’s Standalone Market category, threatening foreign fund flows.
Business Oct 16, 2026 | 12:20 pm

MSCI Warning Raises Existential Questions for Indonesia's Stock Market, Economist Says

MSCI's downgrade threat tests Indonesia's market credibility, with an economist urging reforms to restore investor trust.
Business Oct 16, 2026 | 11:42 am

Indonesian Stocks Crash 10.76% by Midday as MSCI Downgrade Fears Mount

Indonesian stocks plunged 10.76% by midday Friday after MSCI proposed reclassifying the market from Emerging to Standalone status.

The Latest


News 36 minutes ago

Prabowo Calls Meeting on Forest Fires as Haze Reaches Jakarta, Singapore

Prabowo summons senior officials to discuss forest fires as smoke reaches Jakarta and Malaysia pushes for regional action.
Lifestyle 2 hours ago

Jakarta Outranks Amsterdam in Global Public Transport Survey

Jakarta climbs two places to 15th in Time Out's 2026 public transport survey, with its governor citing better network integration.
Business 2 hours ago

MSCI Concerns, Tighter IDX Trading Rules Send Indonesian Stocks Down 5% by Midday

Indonesian stocks plunge 5% by midday as MSCI concerns weigh on sentiment and the IDX tightens its daily downside limit to 7%.
News 2 hours ago

Jakarta Prepares 367 Health Facilities as Haze Reaches the Capital

Jakarta prepares 367 health facilities to treat potential haze-related illnesses after smoke from Sumatra and Kalimantan crosses the region.
News 3 hours ago

Jakarta Expands Flood Prevention With New Water Storage Ponds

Jakarta opens two East Jakarta water storage ponds as it expands flood prevention efforts through reservoirs and river normalization.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED