Jakarta. Indonesia’s benchmark Jakarta Composite Index (JCI) closed Monday’s session at a fresh all-time high of 9,133, gaining 58 points or 0.64%, as it moved within the 9,025–9,110 range.

RTI data showed trading volume reached 85.34 billion shares, with turnover amounting to Rp 35.91 trillion ($2.12 billion) across more than 3.9 million transactions. Advancers slightly outnumbered decliners, with 377 stocks rising, 381 falling, and 110 unchanged.

On the gainers’ board, Ever Shine Textile Industry (ESTI) surged 34.74%, followed by Bersama Zatta Jaya (ZATA), which climbed 34.57%, and Trisula Textile Industries (BELL), up 34.55%. Incocycle Technology (INOV) added 34.43%.

Meanwhile, Kioson Komersial (KIOS) led the laggards after sliding 14.66%, while Tunas Alfin (TALF) fell 13.14%. Citra Tubindo (CTBN) also dropped 13.14%, and Bumi Teknokultura Unggul (BTEK) declined 10%.

Pilarmas Investindo Sekuritas said the JCI managed to stay in positive territory despite mounting global pressures. The brokerage said that investors are closely watching this week’s policy meeting at Bank Indonesia, particularly for signals on interest rates.

Markets broadly expect BI to keep its benchmark rate unchanged at 4.75%, as the central bank seeks to stabilize the rupiah amid persistent pressure against the US dollar. Holding rates steady is seen as part of BI’s efforts to curb currency volatility, Pilarmas said in a research note.

Regionally, Asian markets were weighed down by geopolitical concerns after reports that the United States may impose higher tariffs on several European countries amid tensions surrounding Greenland. Pilarmas said the proposed tariffs, potentially rising from 10% to 25% have drawn criticism from European leaders, who are considering retaliatory measures, including reviving plans to levy tariffs on US goods. French President Emmanuel Macron has reportedly urged the activation of the European Union’s anti-coercion instrument.

From China, Pilarmas highlighted that gross domestic product expanded 1.2% quarter-on-quarter in the fourth quarter of 2025, beating expectations of 1.0% and slightly above the previous quarter’s 1.1% growth. On an annual basis, China’s economy grew 4.5%.

However, December retail sales growth slowed to 0.9%, undershooting market expectations of 1.2%, while fixed-asset investment fell 3.8% in 2025. With domestic demand remaining soft, Chinese authorities have pledged to step up policy support, while the central bank has signaled room for further rate cuts.

Elsewhere in Asia, markets were mixed. Hong Kong’s Hang Seng Index slid 1.1% to 26,563, while the Shanghai Composite Index rose 0.3% to 4,114. Japan’s Nikkei 225 slipped 0.7% to 53,583, ahead of an expected press conference by Prime Minister Sanae Takaichi, who is preparing to dissolve parliament for a snap election next month.

South Korea’s Kospi jumped 1.3% to 4,904, extending its record run on strong gains in technology stocks, with chipmaker SK Hynix climbing 1.1%.

On Wall Street last Friday, US stocks edged lower as the first full week of the earnings season wrapped up. The S&P 500 fell 0.1%, the Dow Jones Industrial Average lost 0.2%, and the Nasdaq Composite dipped 0.1%, all posting weekly losses. The Russell 2000, however, managed a 0.1% weekly gain, supported by strength in smaller-cap and technology stocks.

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