Jakarta. The Jakarta Composite Index (JCI) ended in positive territory on Wednesday, as investors weighed President Prabowo Subianto’s latest cabinet reshuffle alongside Bank Indonesia’s move to cut its benchmark interest rate for the fifth time this year.

The benchmark index gained 67.4 points, or 0.85 percent, to close at 8,025 after opening at 7,964. It touched an intraday high of 8,025 and a low of 7,940. Market capitalization stood at Rp 14.5 trillion, with 1.78 million transactions recorded. A total of 360 stocks advanced, 318 declined, and 124 were unchanged.

Banking shares led the gains, reflecting investor optimism over cheaper borrowing costs.

Bank Indonesia lowered the BI Rate by 25 basis points to 4.75 percent, while cutting the deposit facility rate by 50 basis points to 3.75 percent and setting the lending facility rate at 5.5 percent. Governor Perry Warjiyo said the move was aimed at stimulating growth while keeping inflation within the 2.5 percent target range, plus or minus 1 percent, for both 2025 and 2026.

President Prabowo, meanwhile, carried out his third cabinet reshuffle in a ceremony at the State Palace. He appointed new ministers and senior officials as he consolidated his administration nearly one year into office.

The changes included Erick Thohir, who was dismissed earlier in the day as state-owned enterprises minister before being reappointed as youth and sports minister, replacing Dito Ariotedjo. His removal left the state-owned enterprises ministry without a minister as it balances its role alongside sovereign wealth fund Danantara, which currently oversees SOE assets.

Prabowo also named retired army general Djamari Chaniago as chief political and security affairs minister, filling the post left vacant after Budi Gunawan was dismissed in a previous reshuffle earlier this month.

Across Asia, markets traded mixed as Wall Street eased from record highs and attention shifted to the U.S. Federal Reserve’s policy outlook. Japan’s Nikkei 225 slipped 0.3 percent to 44,790.38, while the Hang Seng in Hong Kong jumped 1.7 percent to 26,885.91. The Shanghai Composite added 0.4 percent, Australia’s S&P/ASX 200 lost 0.7 percent, and South Korea’s Kospi fell 1.1 percent.

On Wall Street, the S&P 500 and Nasdaq edged 0.1 percent lower from record highs, while the Dow Jones Industrial Average fell 125 points, or 0.3 percent, as investors bet on the Fed to begin cutting rates.