Jakarta. Jakarta Composite Index closed higher on Friday, lifted by improved global sentiment and stronger confidence following the US Federal Reserve’s latest policy signals. The benchmark index advanced 40.02 points, or 0.46 percent, to 8,660, moving within a range of 8,585–8,680 throughout the session.

Trading volume reached 52.10 billion shares, with a turnover of Rp 29.82 trillion ($1.79 billion) across more than 2.98 million transactions. A total of 275 stocks rose, 377 declined, and 148 were unchanged.

Pilarmas Sekuritas said the index’s gain was supported by improving market confidence as investors continued to assess the impact of the Fed’s rate cut. Chair Jerome Powell signaled that further rate hikes are “essentially unlikely,” while US trade data showed the September deficit narrowing to $52.8 billion from $59.3 billion.

Exports improved from minus 0.2 percent to 3 percent, while imports rose 0.6 percent month-on-month. “This offers a picture of improving economic activity in the third quarter of 2025,” Pilarmas wrote in its research note on Friday.

Pilarmas added that China’s policy direction also bolstered sentiment. Top leaders indicated a commitment to more proactive and well-coordinated macro policies to support next year’s growth. President Xi Jinping told the Central Economic Work Conference that 2025 would be an “extraordinary year” in which key targets would be achieved.

Policymakers also pledged measures to stimulate domestic demand through proactive fiscal policy and a moderately accommodative monetary stance. “Meanwhile, the market is preparing for the upcoming BOJ policy decision next week amid speculation of a rate hike,” Pilarmas said.

Across the region, Asian shares advanced, mirroring Wall Street’s climb to new records despite a sell-off in Oracle and lingering concerns about a potential AI bubble.

Japan’s Nikkei 225 rose 1.4 percent to 50,836, rebounding from Thursday’s losses.

In Hong Kong, the Hang Seng gained 1.6 percent to 25,930.60, while China’s Shanghai Composite added 0.4 percent to 3,889. The annual Central Economic Work Conference set China’s 2026 priorities, including reversing declining investment and boosting consumption, though no major policy shifts were announced.

South Korea’s Kospi climbed 1.3 percent to 4,164.

On Wall Street in Wednesday, the S&P 500 edged up 0.2 percent to 6,901, marking a fresh all-time high. The Dow Jones Industrial Average jumped 1.3 percent to 48,704.01, while the Nasdaq slipped 0.3 percent to 23,593.86 on weakness in AI stocks.

Back on the IDX, Citatah (CTTH) led today’s gainers with a 34.57 percent surge. Mitra Investindo (MITI) and Abadi Lestari Indonesia (RLCO) each climbed 25 percent, while Bumi Resources Minerals (BRMS) rose 24.87 percent.

On the losing side, Ketrosden Triasmitra (KETR) and Solusi Sinergi Digital (WIFI) slid 14.86 percent and 14.82 percent, respectively. Harapan Duta Pertiwi (HOPE) dropped 14.53 percent, and Tanah Laut (INDX) declined 13.64 percent.

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