Jakarta. Indonesia’s benchmark stock index opened stronger on Wednesday, tracking overnight gains on Wall Street and upbeat sentiment across Asian markets, even as volatility persisted in early trading.

Jakarta Composite Index (JCI) began the session at 8,107, up 15 points or 0.18 percent, moving within a range of 8,081–8,115.

Data from RTI showed that 2.3 billion shares were traded with a turnover of Rp 1.4 trillion ($84.2 million) across 203,000 transactions in the first ten minutes. There were 307 gainers, 215 decliners, and 139 unchanged stocks.

Phintraco Sekuritas stated in their research, which followed yesterday’s JCI decline, continued corrections in gold prices had prompted profit-taking in commodity-related stocks, while weakness in blue-chip and conglomerate shares also weighed on the market. The industrial sector saw the steepest correction, while property stocks recorded the strongest gains.

Across the region, most Asian markets opened higher after Wall Street closed at record highs overnight. Japan’s Nikkei advanced 234 points or 0.46 percent, South Korea’s Kospi climbed 1.25 percent, and Shanghai’s SSE edged up 0.05 percent. Hong Kong’s Hang Seng Index remained closed for a national holiday.

In the US, all three major indexes hit new all-time highs for the third straight day on Tuesday. The S&P 500 added 0.2 percent to 6,890.89, the Dow Jones Industrial Average rose 161 points to 47,706.37, and the Nasdaq Composite gained 0.8 percent to 23,827.49, lifted by a 2 percent jump in Microsoft, which pushed its market capitalization above $4 trillion.

Investors are awaiting the Federal Reserve’s policy announcement later Wednesday, widely expecting another rate cut amid signs of a slowing US labor market. Markets are also watching for developments from President Donald Trump’s upcoming meeting with Chinese President Xi Jinping, aimed at easing trade tensions between the world’s two largest economies.

On a side note, Indonesia Stock Exchange (IDX) lifted trading suspensions on Superkrane Mitra Utama (SKRN), Grand House Mulia (HOMI), Pembangunan Graha Lestari Indah (PGLI), and Andalan Sakti Primaindo (ASPI) as of Wednesday’s first trading session.

The IDX also flagged Unusual Market Activity (UMA) for Astrindo Nusantara Infrastruktur (BIPI), Bumi Benowo Sukses Sejahtera (BBSS), and Meta Epsi (MTPS). Over the past month, BIPI shares have dropped 1.19 percent and are down 4.6 percent year-to-date, while BBSS and MTPS surged 31.18 percent and 71.74 percent respectively, with year-to-date gains of 201.35 percent and 618.18 percent.

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