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Jakarta Stocks Ends Higher at 8,936, Extends Record Run

Associated Press, Ria Fortuna Wijaya
January 9, 2026 | 4:29 pm
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Stock monitor at the Indonesia Stock Exchange, Jakarta in an undated photo. (B-Universe Photo/Uthan AR)
Stock monitor at the Indonesia Stock Exchange, Jakarta in an undated photo. (B-Universe Photo/Uthan AR)

Jakarta. Indonesia’s benchmark stock index ended Friday on a positive note, extending its record run as regional markets firmed on improving economic signals from Asia.

Jakarta Composite Index (JCI) closed at a fresh all-time high of 8,936, up 11.28 points or 0.13%, after moving within a range of 8,908 to 8,981 during the session.

Trading activity was active, with volume reaching 56.65 billion shares and turnover totaling Rp 27.42 trillion ($1.63 billion). Market breadth was slightly positive, with 359 stocks advancing, 318 declining, and 137 unchanged. Transaction frequency exceeded 3.47 million trades.

On the gainers’ board, Kokoh Exa Nusantara (KOCI) surged 34.92%, followed by Hillcon (HILL), which jumped 34.57%. Agung Podomoro Land (APLN) climbed 30%, while Presisi (PPRE) advanced 26.55%.

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Losses were led by Optima Prima (OPMS), which slid 14.91%. Bumi Benowo (BBSS) fell 14.38%, Carsurin (CRSN) dropped 13.22%, and Bank Sinarmas (BSIM) declined 11.40%.

Analysts at Pilarmas Investindo Sekuritas said the JCI’s movement was in line with gains across Asian equities. Positive sentiment was driven by Japan, where household spending unexpectedly rose in November 2025. The increase was supported by winter-related consumption, easing inflationary pressures, and a jump in Japan’s foreign exchange reserves by $10.42 billion to $1.37 trillion in December 2025, the highest level since February 2022.

From China, official data showed annual inflation at 0.8% in December, with monthly inflation at 0.2%, reversing a 0.1% contraction in the previous month. Pilarmas noted the figures point to a gradual recovery in purchasing power as domestic demand improves. China’s central bank has also reiterated its commitment to cutting the reserve requirement ratio and key policy rates to maintain liquidity and support growth.

Global markets, meanwhile, remained cautious ahead of the release of US December labor market data, which is expected to provide clues on the policy outlook of the Federal Reserve. Investors are also watching a potential ruling by the Supreme Court of the United States on the legality of trade tariffs introduced during President Donald Trump’s administration.

On the domestic front, Pilarmas highlighted support from Bank Indonesia, which reported the Consumer Confidence Index at an optimistic 123.5 in December 2025, reflecting strong public confidence in national economic conditions. The brokerage said the figure also underscores the effectiveness of the government’s fiscal policies in sustaining growth.

Across the region, Asian shares mostly advanced on Friday following mixed cues from Wall Street, where President Donald Trump’s comments on higher defense spending lifted military-related stocks.

Japan’s Nikkei 225 jumped 1.6% to 51,939, helped by a more than 10.6% surge in Fast Retailing after the Uniqlo owner posted a roughly 34% year-on-year rise in quarterly operating profit and raised its full-year forecast.

Hong Kong’s Hang Seng gained 0.3% to 26,231, while Shanghai’s Composite Index climbed 0.9% to 4,120 after China’s inflation data showed its fastest annual pace in nearly three years. Chinese artificial intelligence startup MiniMax, which debuted on the Hong Kong Stock Exchange, soared 78%.

South Korea’s Kospi added over 0.8% to 4,586.

In the US, data released Thursday showed initial jobless claims edged up slightly in the final week of 2025 but remained historically low and broadly in line with expectations. Worker productivity also improved in the July–September quarter, offering mixed signals for the outlook of the world’s largest economy.

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