double-skinned crabsVietnamese crab exporterexellent 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:
SHARE

Related Articles


Business 20 hours ago

JCI Posts Strongest Weekly Gain in Months on Debt Confidence

Indonesia's benchmark index climbed 4.24% this week as healthy external debt data lifted sentiment despite global uncertainties.
Business Jul 17, 2026 | 4:14 pm

Indonesia Stocks Buck Regional Selloff on Healthy Debt Outlook

Indonesia stocks rose 1.1%, bucking regional losses as investors welcomed healthy external debt data despite global tensions.
Business Jul 17, 2026 | 9:06 am

JCI Slips Below 6,100 as Global Tech Sell-Off Weighs on Sentiment

JCI slipped below 6,100 minutes after opening as global market weakness offset optimism over Indonesia's strong investment growth.
Business Jul 16, 2026 | 4:05 pm

JCI Climbs 1.1%, Outpaces Regional Peers Despite Middle East Tensions

JCI rose 1.1% to outperform most Asian markets as investors looked past geopolitical risks and focused on Indonesia's policy outlook.
Business Jul 16, 2026 | 9:03 am

Risk Appetite Returns, Pushing Jakarta Stocks Above 6,050

Risk appetite returned to Indonesian equities, lifting the JCI above 6,050 after softer US inflation boosted Fed pause expectations.
Business Jul 15, 2026 | 4:09 pm

JCI Climbs to 6,041 on Cooling US Inflation, Tax Policy Relief

JCI closed at 6,041 as softer US inflation and the government's no-tax-hike pledge lifted investor sentiment.
Business Jul 15, 2026 | 9:11 am

Indonesian Stocks Push the JCI to 6,068 on Fed Relief

JCI opened at 6,068 as cooler US inflation boosted hopes the Federal Reserve will leave interest rates unchanged.
Business Jul 14, 2026 | 8:39 pm

IDX Expands Watch List by 37 Stocks Under New Ownership Concentration Screening

The revision increases the total number of stocks classified under the High Shareholding Concentration (HSC) category to 51.
Business Jul 14, 2026 | 4:11 pm

JCI Stays in Positive Territory as S&P Affirmation Cushions Oil Shock

JCI ended flat as Indonesia's affirmed BBB rating offset investor concerns over rising Middle East tensions and higher oil prices.
Business Jul 14, 2026 | 9:17 am

S&P Rating Boost Keeps Jakarta Stocks Above 6,000 at Tuesday Open

JCI rose at Tuesday's open after S&P reaffirmed Indonesia's BBB rating, offsetting cautious global sentiment.

The Latest


Business 15 hours ago

Prabowo Orders Up to 50 Ethanol Plants to Support E20 Fuel Program

Indonesia plans E20 gasoline within years, backed by up to 50 new ethanol plants and a nationwide sugarcane replanting drive.
Lifestyle 17 hours ago

US, Canada, Mexico Claim Success as World Cup Co-Hosts

US, Canada, Mexico have claimed success as host countries for the World Cup as enthusiasm soars for the final match.
News 18 hours ago

China’s WAICO or US-Led Pax Silica? Indonesia Stays Neutral

Indonesia says that it is taking part in the two AI-related initiatives proposed by the rivalring major powers China and the US.
Business 20 hours ago

JCI Posts Strongest Weekly Gain in Months on Debt Confidence

Indonesia's benchmark index climbed 4.24% this week as healthy external debt data lifted sentiment despite global uncertainties.
News Jul 17, 2026 | 9:19 pm

Febrie Adriansyah Denies All Allegations After 11-Hour AGO Questioning

Former prosecutor Febrie Adriansyah denied all allegations, including claims he received Rp 50 billion, after an 11-hour AGO questioning.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED