Jakarta. The Jakarta Composite Index (JCI) opened higher on Thursday morning, rising 24 points or 0.28 percent to 8,412, after two consecutive days of losses. The index moved within a range of 8,396 to 8,418 in early trade.

Market volume reached 5.4 billion shares with a total turnover of Rp 2.4 trillion ($143.41 million) across more than 380,000 transactions during the first 15 minutes after opening. A total of 281 stocks advanced, 188 declined, and 209 remained unchanged.

According to CGS International Sekuritas Indonesia, the rebound in the JCI was supported by continued gains in major US indexes, rising gold prices, and foreign investors’ buying appetite, all serving as positive catalysts for Thursday’s trade.

The US Senate earlier this week passed a budget bill to fund the federal government, pending approval from the House of Representatives, providing further confidence in global markets.

Bank Indonesia has also signaled room for further rate cuts, with expectations of a 50-basis-point reduction by the end of March 2026.

Market sentiment was also lifted by several corporate actions across the bourse, including share buybacks, interim dividend distributions, rights issues, private placements, and acquisitions.

From overseas, investors await the release of the UK Preliminary GDP data for Q3 2025, projected at 0.2 percent quarter-on-quarter and 1.4 percent year-on-year, slightly lower than the previous quarter’s 0.3 percent QoQ and 1.4 percent YoY.

On Wall Street, US stocks traded mixed overnight as the Dow Jones Industrial Average climbed 327 points (0.7 percent) to a new record high of 48,254.82, marking its second straight record. The S&P 500 added 0.1 percent to 6,850.92, nearing its all-time high, while the Nasdaq composite slipped 0.3 percent to 23,406.46.

Investors continued to weigh the outlook for artificial intelligence-driven stocks, which have fueled much of the recent rally but are now showing signs of volatility amid concerns of overvaluation reminiscent of the dot-com bubble.

In Asia, major markets opened mixed. Japan’s Nikkei slipped 50 points (0.09 percent) to 51,013 before rebounding later in the morning. South Korea’s Kospi fell 23 points (0.55 percent) to 4,127, while Hong Kong’s Hang Seng dropped 143 points (0.53 percent) to 26,779, and Shanghai’s SSE edged down 4 points (0.10 percent) to 3,996, with most Asian indices later rebounding in line with global optimism.

Back in Jakarta, the Indonesia Stock Exchange (IDX) lifted trading suspensions on Sunson Textile Manufacture (SSTM) and Magna Investama Mandiri (MGNA). IDX had suspended MGNA shares since November 12, 2025, and SSTM since October 31, 2025, as part of a cooling-down measure to protect investors. Both stocks resumed trading on Thursday in the regular and cash markets.

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