Jakarta. Jakarta Composite Index (JCI) closed higher on Wednesday, finishing the day fully in positive territory as Asian shares mostly advanced amid cautious global trading.

The benchmark index rose 22 points, or 0.26 percent, to end at 8,388, after moving within a range of 8,377 to 8,428 throughout the day.

RTI data showed trading volume reached 51.2 billion shares, with a turnover of Rp 22.3 trillion ($1.3 billion) across more than 2.6 million transactions. A total of 343 stocks advanced, 323 declined, and 147 remained unchanged.

The index’s gain was supported by improving domestic economic data in recent weeks, in line with the ongoing trend of interest rate cuts by Bank Indonesia (BI) and government stimulus measures. BI has signaled that further rate cuts remain possible, with expectations of a 50 basis points reduction by the end of March 2026. A surge in corporate actions such as share buybacks, interim dividend distributions, rights issues, private placements, and acquisitions has also served as a positive catalyst for the market.

Across Asia, markets mostly gained following Wall Street’s rebound overnight.

Japan’s Nikkei 225 added 0.4 percent to close at 51,063.31, while Hong Kong’s Hang Seng rose 0.8 percent to 26,913.90. Shanghai Composite inched up less than 0.1 percent to 4,006.17 and South Korea’s Kospi gained 1.1 percent to 4,151.36.

Shares of SoftBank Group tumbled 3.5 percent after plunging as much as 9 percent earlier in the session, following news that it sold its entire $5.83 billion stake in Nvidia last month to raise funds for new investments. The move came amid ongoing debate over whether the rally in AI-related stocks has become overextended, drawing comparisons to the early 2000s dot-com bubble.

On Wall Street overnight, the S&P 500 rose 0.2 percent to 6,846.61, while the Dow Jones Industrial Average jumped 1.2 percent to a record high of 47,927.96. The Nasdaq Composite slipped 0.3 percent to 23,468.30 as Nvidia shares dropped 3 percent.

Back in Jakarta, today’s top gainers included Teknologi Karya Digital Nusa (TRON), which jumped 34.62 percent; Trisula Textile Industries (BELL), up 34.38 percent; First Media (KBLV), up 25.79 percent; and Mora Telematika Indonesia (MORA), which climbed 25.92 percent.

On the losing side, Kobexindo Tractors (KOBX) fell 14.88 percent, Duta Anggada Realty (DART) dropped 14.09 percent, while Lancartama Sejati (TAMA) and Hassana Boga Sejahtera (NAYZ) each declined 10 percent.

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