Jakarta. Jakarta Composite Index (JCI) opened sharply higher on Friday, jumping 43.68 points, or 0.49%, to 8,969, with the benchmark moving in the 8,965–8,981 range in early trade.

RTI data showed 1.59 billion shares had changed hands minutes after the opening bell, with turnover reaching Rp 887.03 billion ($52.75 million) across 130,525 transactions. Market breadth was positive, with 333 stocks advancing, 125 declining and 210 trading flat.

CGS International Sekuritas Indonesia said gains across most Wall Street indices, rising prices of crude oil, CPO, gold and coal, as well as foreign buying interest, were expected to support the market. However, declines in nickel, tin and copper prices, alongside Indonesia’s wider 2025 state budget deficit, could weigh on sentiment.

Phintraco Sekuritas noted the JCI closed down 0.22% at 8,925 on Thursday after briefly breaking above the 9,000 psychological level, with the basic materials sector posting the steepest losses on profit taking. In contrast, the transportation sector rebounded to record the strongest gains.

The brokerage added that the rupiah continued to weaken to Rp 16,785 per dollar in the spot market, pressured by heightened global geopolitical uncertainty and a larger-than-target 2025 fiscal deficit. As of December 2025, the budget deficit stood at Rp 695.1 trillion, or 2.92% of GDP, exceeding both the 2024 level of 2.3% and the 2025 target of 2.53%. The primary balance recorded a Rp 180.7 trillion deficit, while state revenue realization reached 91.7% of target and spending stood at 96.3% of the budget.

Phintraco also highlighted that Indonesia’s foreign exchange reserves rose to $156.5 billion in December from $150.1 billion in November, supported by tax and services receipts, the government’s global sukuk issuance and external loan drawdowns. Investors are now awaiting domestic releases of consumer confidence and auto sales data later on Friday.

Overnight, Wall Street ended mixed. The S&P 500 edged up less than 0.1% to 6,921, the Dow Jones Industrial Average climbed 270 points, or 0.6%, to 49,266, while the Nasdaq Composite fell 0.4% to 23,480. Data showed US jobless claims rose broadly in line with expectations, while productivity beat forecasts and the US trade deficit unexpectedly narrowed.

Asian markets were mixed in early trading. Japan’s Nikkei rose 0.48% to 51,367, South Korea’s Kospi slipped 0.48% to 4,530, Hong Kong’s Hang Seng gained 0.46% to 26,272, and China’s Shanghai SSE advanced 0.10% to 4,086.