Jakarta. The Jakarta Composite Index (JCI) inched up 6.33 points, or 0.08 percent, to 7,943.45 in the first trading session on Tuesday. The benchmark index traded in positive territory within a narrow range of 7,965–7,985.

RTI data showed 1.18 billion shares had changed hands in early minutes of trading, with a transaction value of Rp 682.62 billion across 72,425 deals. A total of 324 stocks advanced, 101 declined, and 198 remained flat.

Coal producer Dwi Guna Laksana (DWGL) led the top gainers with a 20 percent jump. It was followed by logistics and maritime firm Tanah Laut (INDX), which soared 16.67 percent, and mining company Ancora Indonesia Resources (OKAS), up 13.7 percent. Real estate manager Inggria Pratama Capitalindo (GRIA) rose 11.92 percent, while logistics operator Logisticsplus International (LOPI) gained 10 percent.

Indonesia unveiled a Rp 16.23 trillion ($1 billion) stimulus package on Monday to boost household consumption, create jobs, and ease business costs through the end of 2025. Dubbed the “8+4+5” program, the plan covers eight short-term measures, four extensions into 2026, and five long-term initiatives targeting employment. Key measures include Rp 198 billion for internships benefiting 20,000 fresh graduates, expanded income tax subsidies for over 552,000 tourism and hospitality workers, and Rp 7 trillion in food aid to distribute rice to millions of low-income families. Informal workers such as ride-hailing drivers and couriers will also gain support through subsidized workplace insurance premiums.

Global cues also supported market sentiment. On Wall Street, all three major US indexes extended record highs on Monday, buoyed by Tesla’s 3.6 percent rally after Elon Musk purchased $1 billion worth of stock through a trust. The S&P 500 rose 0.5 percent, the Dow Jones Industrial Average added 49 points, or 0.1 percent, and the Nasdaq Composite gained 0.9 percent.

Investors are awaiting the US Federal Reserve’s policy meeting on Wednesday, where the market widely expects the first interest rate cut of the year. Traders are betting on further easing through late 2025, though any deviation from expectations could trigger volatility.

Elsewhere in Asia, regional markets traded mostly higher. Australia’s ASX 200 climbed 13 points (0.15 percent), Japan’s Nikkei gained 110 points (0.25 percent), Hong Kong’s Hang Seng Index rose 57.7 points (0.26 percent), Shanghai’s Composite added 6.72 points (0.17 percent), and South Korea’s Kospi advanced 29.65 points (0.86 percent).

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