Jakarta. Jakarta Composite Index (JCI) extended its rally at Tuesday’s open, rising 31 points, or 0.36%, to 8,890, as the benchmark continued to carve out fresh intraday record highs. The index traded in the range of 8,879–8,895 in early dealings, marking its latest all-time high during the session.

Early trading activity remained active. RTI data showed 2.33 billion shares changing hands, with a turnover of Rp 957.19 billion ($57.14 million) across 162,408 transactions. Market breadth was positive, with 349 stocks advancing, 142 declining, and 199 trading flat.

BRI Danareksa Sekuritas said the market was supported by solid domestic fundamentals, citing Indonesia’s 67 consecutive months of trade surplus and December inflation of 2.92%, which remains within the target range set by Bank Indonesia. These factors, the brokerage said, underscore the resilience of the domestic economy amid lingering global uncertainty.

Looking ahead, BRI Danareksa noted that investors are likely to monitor the escalation of tensions between the United States and Venezuela, with gold-related and shipping stocks expected to draw short-term attention.

Global sentiment was also supportive. CGS International Sekuritas said Wall Street closed broadly higher on Monday, buoyed by a surge in oil prices following a US military strike in Venezuela and the arrest of President Nicolás Maduro.

In Asia, Japan’s Nikkei opened at 52,157, up 0.62%, while Hong Kong’s Hang Seng advanced 0.58% to 26,502. China’s Shanghai SSE edged up 0.07% to 4,026. South Korea’s Kospi, however, opened lower, slipping 0.24% to 4,446.

US stocks gained ground at the start of the first full trading week of the year. The S&P 500 climbed 43 points, or 0.6%, to 6,902.05, just shy of its late-December record. The Dow Jones Industrial Average set a new high, jumping 594 points, or 1.2%, to 48,977, while the Nasdaq Composite rose 160 points, or 0.7%, to 23,395.

Market optimism was reinforced after Donald Trump floated a proposal for US oil companies to help rebuild Venezuela’s oil industry. Energy stocks rallied, with Chevron surging 5.1%, Exxon Mobil gaining 2.2%, and Halliburton jumping 7.8%.

Venezuela’s oil sector has suffered years of underinvestment and international sanctions, leaving infrastructure in disrepair. While production recovery is expected to take time and substantial capital, some analysts estimate current output of around 1.1 million barrels per day could double or even triple in the near term.

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