Indonesia’s Benchmark Index Rises Early, Nvidia Powers US Markets
Jakarta. Indonesia’s benchmark stock index opened in positive territory on Tuesday, with the Jakarta Composite Index (JCI) starting the day at 8,066 within a range of 8,058–8,076.
Trading volume reached 2.8 billion shares across 153,633 transactions, with a total value of Rp 1.5 trillion. Market breadth showed 264 gainers, 195 losers, and 190 unchanged.
The Indonesia Stock Exchange (IDX) announced trading suspensions on two stocks at the start of today’s session. Shares of Berkah Prima Perkasa (BLUE), a shipping and logistics firm, and coal miner Dwi Guna Laksana (DWGL) were halted following sharp cumulative price increases in recent weeks.
BLUE jumped 21.95 percent to Rp 750 per share on Monday, extending its monthly rally to 134.38 percent. DWGL surged 24.49 percent to Rp 605, soaring 170.09 percent in the past month.
IDX’s Head of Trading Supervision Division, Yulianto Aji Sadono, said the suspensions were imposed as a “cooling down” measure to protect investors amid unusual market activity.
Global sentiment was buoyed by Wall Street’s continued rally overnight, with US stocks notching fresh records. The S&P 500 climbed 0.4 percent, the Dow Jones Industrial Average gained 0.1 percent, and the tech-heavy Nasdaq rose 0.7 percent. Nvidia once again led the gains, surging 3.9 percent after unveiling a partnership with OpenAI that includes a planned $100 billion investment.
US equities have been on an upswing since April, driven by optimism that US President Donald Trump’s tariffs will not derail global trade and that the Federal Reserve will deliver multiple rate cuts this year. The Fed made its first cut last week, signaling that more could follow, although officials remain cautious as inflation stays above the 2 percent target.
In Asia, Japan’s Nikkei 225 rose 1 percent, while Hong Kong’s Hang Seng slipped 0.8 percent.
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