Jakarta. Jakarta Composite Index (JCI) closed stronger on Wednesday evening, bucking a regional downturn as solid domestic indicators lifted sentiment. The index finished at 8,713, rising 43.75 points or 0.51 percent, after moving between 8,668 and 8,720 throughout the session.

Data recorded the trading volume reached 68.50 billion shares with turnover at Rp 33.88 trillion ($2.03 billion) across more than 3.5 million transactions. Gainers totaled 258, while 431 stocks declined and 113 were unchanged.

Pilarmas Investindo Sekuritas said the market’s advance was supported by firm economic data. Indonesia’s retail sales grew 4.3 percent year-on-year in October, accelerating from 3.7 percent a month earlier. “This marks the sixth consecutive month of increases, underscoring the resilience of household consumption,” the firm wrote. Consumer Confidence in November held in optimistic territory at 124.0, reflecting positive expectations for economic prospects. “The strong confidence level also highlights the effectiveness of fiscal measures in sustaining domestic demand,” Pilarmas added.

Regional markets moved in the opposite direction as investors stayed cautious ahead of the Federal Reserve’s policy decision, with expectations leaning toward a 25-basis-point rate cut. Despite improving US labor data, including a slight uptick in October JOLTS job openings to 7.670 million, concerns over persistent inflation kept global investors on guard.

Pilarmas also flagged weaker Chinese data as an external drag, with producer prices falling 2.2 percent and consumer prices slipping 0.10 percent in November. China’s Politburo signaled the need to strengthen domestic demand in 2026 but maintained a restrained tone on stimulus, which weighed on sentiment. “Focus now shifts to the Central Economic Work Conference, where next year’s policy direction will be outlined,” Pilarmas said.

Asian markets mostly traded lower: Japan’s Nikkei 225 slipped 0.4 percent to 50,435, South Korea’s Kospi eased 0.3 percent to 4,132, Hong Kong’s Hang Seng dropped 0.3 percent to 25,356, and the Shanghai Composite fell 0.5 percent to 3,889.

In the US, the S&P 500 inched down 0.1 percent overnight, the Dow Jones Industrial Average shed 179 points or 0.4 percent, while the Nasdaq added 0.1 percent. Eric Schiffer of The Patriarch Organization said he believes the Fed may lean more accommodative in the months ahead. “There’s a strong likelihood of further easing, whether through targeted quantitative measures or regulatory adjustments,” he said.

Top gainers on Wednesday included Citatah (CTTH), soaring 34.83 percent; Kioson Komersial Indonesia (KIOS), up 34.59 percent; Kobexindo Tractors (KOBX), rising 27.66 percent; and Natura City (CITY), climbing 24.86 percent.

Among the biggest decliners, Minna Padi Investasi (PADI) and Sunson Textile Manufacturer (SSTM) fell 14.94 percent and 14.93 percent respectively, while Harapan Duta Pertiwi (HOPE) dropped 14.41 percent and Indokripto Koin Semesta (COIN) slid 11.28 percent.