Jakarta Stocks Open Higher as Investors Weigh Inflation, Trade Data
Jakarta. Jakarta Composite Index (JCI) kicked off Thursday’s session in positive territory, rising 27 points or 0.33 percent to 8,070, with a trading range of 8,069–8,094.
Market turnover reached Rp 3.05 trillion (around $190 million) from 5.7 billion shares traded across 330,000 transactions. A total of 273 stocks advanced, 207 declined, and 181 were flat.
Phintraco Sekuritas noted that the index had closed weaker at 8,043.82 (-0.21 percent) on Wednesday, dragged by concerns over the ongoing U.S. government shutdown and domestic macro indicators.
September inflation quickened to 0.21 percent month-on-month, reversing August’s 0.08 percent deflation. Annual inflation stood at 2.65 percent, slightly above market consensus but still within Bank Indonesia’s 1.5–3.5 percent target range. Core inflation remained stable at 2.19 percent.
The September manufacturing PMI slipped to 50.4 from 51.5 in August, but still pointed to expansion. Meanwhile, Indonesia’s trade balance recorded a $5.49 billion surplus in August, its highest since October 2022, supported by stronger exports and weaker imports.
The Indonesia Stock Exchange also flagged unusual trading activity in several stocks, including Esta Multi Usaha (ESTA), Saranacentral Bajatama (BAJA), Personel Alih Daya (PADA), Damai Sejahtera Abadi (UFOE), and Timah (TINS). Investors were urged to pay close attention to issuers’ official disclosures.
On Wall Street, the S&P 500 rose 0.3 percent to another record close, while the Dow Jones Industrial Average gained 43 points and the Nasdaq added 0.4 percent. Market sentiment remained cautiously optimistic despite uncertainty over U.S. job data, which may be delayed due to the shutdown.
In Asia, Japan’s Nikkei opened higher by 186 points (0.41 percent) to 44,736, and South Korea’s Kospi surged 1.9 percent to 3,525 on tech-driven rallies. Samsung Electronics gained over 4 percent, and SK Hynix soared 10 percent after announcing a partnership with OpenAI to supply memory chips for its Stargate data centers. Hong Kong’s Hang Seng Index rose 0.23 percent, while Shanghai’s markets remained closed for the national holiday.
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