Jakarta. Jakarta Composite Index closed slightly lower on Wednesday, slipping 9.12 points, or 0.11%, to 8,677 after Bank Indonesia decided to keep its benchmark interest rate unchanged.

The benchmark moved within a range of 8,660 to 8,729 during the session. Trading activity remained robust, with volume reaching 53.53 billion shares and turnover totaling Rp 37.63 trillion ($2.26 billion). More than 2.7 million transactions were recorded. Market breadth was mixed, with 379 stocks advancing, 284 declining and 140 unchanged.

On the gainers’ board, Dua Putra Utama Makmur (DPUM) jumped 34.75%, followed by Minna Padi Investama (PADI), which surged 33.93%. Multi Makmur Lemindo (PIPA) and Royaltama Mulia Kontraktorindo (RMKO) each rallied 25%. On the downside, Bank Dinar (DNAR) plunged 14.63%, Sarana Mitra Luas (SMIL) slid 12.17%, while Red Planet Indonesia (PSKT) and MD Pictures (FILM) fell 9.88% and 9.85%, respectively.

Pilarmas Investindo Sekuritas said the JCI’s performance tracked generally positive movements across Asian markets, even as investors remained cautious amid complex global dynamics. One key external risk stemmed from heightened geopolitical tensions after US President Donald Trump announced a “total and complete blockade” on sanctioned Venezuelan oil tankers.

Market participants also digested a batch of delayed US economic data. November nonfarm payrolls rose by 64,000, slightly above market expectations, but downward revisions to October figures and an increase in the unemployment rate to 4.6%—the highest since 2021—signaled a cooling US labor market. US retail sales were flat, reinforcing signs of weakening consumer demand. Pilarmas noted the data have yet to materially shift expectations for Federal Reserve policy, with investors still seeing room for at least one additional rate cut next year.

From the domestic front, Bank Indonesia on Wednesday held its benchmark interest rate at 4.75%, in line with market consensus, as the central bank sought to maintain rupiah stability while supporting economic growth and portfolio capital inflows.

Pilarmas added that investors are now awaiting remarks from Federal Reserve officials, including Christopher Waller and John Williams, as well as the release of US consumer inflation data for November. Attention is also on monetary policy decisions from major central banks this week, including the Bank of Japan, the Bank of England and the European Central Bank.

Separately, the World Bank has projected Indonesia’s economic growth at 5.2% in 2026, slightly below the government’s 5.4% target in the 2026 state budget, while noting that the economy remains resilient despite mounting global risks.

Across the region, Japan’s Nikkei 225 gained 0.3% to 49,512.28 as investors awaited a Bank of Japan rate decision later in the week. Hong Kong’s Hang Seng rose 0.7% to 25,414.61, the Shanghai Composite advanced 1.2% to 3,870.28, and South Korea’s Kospi jumped 1.4% to 4,056.41, led by gains in SK Hynix and Samsung Electronics.

Overnight, US stocks closed mixed as fresh economic reports failed to provide clear guidance on the future path of US interest rates. The S&P 500 slipped 0.2%, the Dow Jones Industrial Average fell 0.6%, while the Nasdaq composite edged up 0.2%, with investors awaiting key US inflation data due later this week.

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