Jakarta. Jakarta Composite Index (JCI) closed at 8,419 on Thursday, rising 13.34 points (+0.16 percent) after touching a fresh all-time high during intraday trade. Pilarmas Investindo Sekuritas said sentiment remained overwhelmingly positive, supported by both domestic and global cues.

JCI moved within a range of 8,419–8,491. Total volume reached 37.68 billion shares, with turnover at Rp 19.38 trillion ($1.16 billion) and more than 2.3 million transactions. A total of 311 stocks advanced, 306 declined, and 195 were unchanged.

According to Pilarmas, domestic sentiment strengthened after Bank Indonesia kept its benchmark rate at 4.75 percent on Wednesday, aligning with expectations. The decision reflected confidence in manageable inflation and ongoing rupiah-stability efforts. Indonesia’s current account also swung back into surplus in Q3 2025 for the first time in 2.5 years, the strongest since Q3 2022, driven by a robust non-oil and gas trade surplus.

From abroad, Asian markets climbed after the People’s Bank of China maintained its Loan Prime Rate (LPR) at record lows for a sixth meeting. The 1-year LPR stayed at 3 percent, while the 5-year LPR, key for mortgages, remained at 3.5 percent after a 10-bps cut in May 2025. Pilarmas said the move reinforced expectations of a cautious monetary stance after the central bank earlier held its 7-day reverse repo rate.

Regional stocks also strengthened as Nvidia’s stronger-than-forecast earnings eased concerns over inflated AI-driven valuations. Pilarmas added that investors were still monitoring rising diplomatic tensions between Beijing and Tokyo following comments by Japanese Prime Minister Sanae Takaichi on Taiwan.

Japan’s Nikkei 225 jumped as much as 4.2 percent before paring gains, ending up 2.7 percent at 49,854.20.

South Korea’s Kospi added 2.5 percent to 4,026.12, lifted by tech and energy stocks. Samsung Electronics climbed 5 percent and SK Hynix gained 2.2 percent on optimism around Nvidia’s results and potential delays in US semiconductor tariffs.

Chinese equities slipped amid reports of additional government measures to revive the property market. Hong Kong’s Hang Seng Index fell 0.2 percent to 25,784.85, while the Shanghai Composite weakened 0.4 percent to 3,931.05 after China’s central bank held both its one- and five-year LPRs steady.

In the US, the S&P 500 rose 0.4 percent on Wednesday after swinging between losses and gains of up to 1.1 percent, snapping a four-day losing streak. Markets remain jittery over stretched valuations and uncertainty around the Federal Reserve’s rate-cut path.

Back on the IDX, top gainers included Informasi Teknologi Indonesia (JATI) surging 31.30 percent. Bintang Oto Global (BOGA) and Sekar Laut (SKLT) each added 25 percent, while Bukaka Teknik Utama (BUKK) rose 24.70 percent.

Among the biggest decliners, Fortune Mate Indonesia (FMII) tumbled 14.75 percent, Puri Global Sukses (PURI) slid 14.60 percent, Indo America Seafoods (ISEA) dropped 11.93 percent, and Nusa Raya Cipta (NRCA) fell 10.25 percent.

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