Jakarta. Indonesian stocks kicked off the week on a firm footing, with the Jakarta Composite Index (JCI) climbing to a fresh intraday record as positive global cues offset mounting geopolitical risks.

The benchmark index opened at 8,778, up 30 points or 0.34%, and moved within a range of 8,745–8,788 in early trading, marking a new all-time high intraday.

RTI data showed brisk activity in the opening minutes, with trading volume reaching 5.16 billion shares and turnover totaling Rp 2.34 trillion ($139.82 million). Market breadth was mixed, with 245 stocks advancing, 268 declining, and 188 unchanged across more than 342,000 transactions.

CGS International Sekuritas Indonesia said gains across most Wall Street indices, rising gold prices, and sizable foreign buying were expected to provide positive sentiment for the local market. However, it cautioned that the withdrawal of Rp 75 trillion in state budget liquidity (SAL) from state-owned banks could act as a near-term drag on the index.

Looking ahead, the JCI’s movement this week is likely to be overshadowed by negative global sentiment, particularly following heightened military tensions between the United States and Venezuela. “The escalation of the US–Venezuela conflict could raise global risk aversion in the short term,” said Hendra Wardana, a capital market observer and founder of Republik Investor. “This could push the JCI early in the week, especially Monday’s session, to move in a limited correction to test support around 8,642–8,672.”

Hendra noted that Venezuela holds the world’s largest oil reserves, meaning any escalation could disrupt global energy supply stability. Such conditions tend to drive oil prices higher and more volatile in the near term. “On one hand, this is positive for energy and commodity stocks. On the other, it heightens concerns over inflation and global uncertainty, encouraging a wait-and-see stance, particularly among foreign investors,” he said.

Beyond Venezuela, Hendra added that the JCI this week will also be influenced by expectations for global interest rate policy, movements in the rupiah against the US dollar, and foreign fund flows across emerging markets. Domestically, investors are watching the continuity of pro-market government economic policies, macroeconomic stability, and early-year performance from large-cap issuers.

Across Asia, markets opened mostly higher. Japan’s Nikkei rose 1.32% to 51,010, South Korea’s Kospi surged 1.73% to 4,385, Hong Kong’s Hang Seng edged up 0.09% to 26,361, and China’s Shanghai Composite advanced 0.45% to 3,986.

On Wall Street, US stocks posted modest gains on Friday in a choppy start to the new year. Trading was relatively quiet on the first session of 2026, with technology shares driving most of the intraday swings in a holiday-shortened week.

The S&P 500 added 12.97 points, or 0.2%, to close at 6,858.47, extending a gain of more than 16% in 2025. The Dow Jones Industrial Average climbed 319.10 points, or 0.7%, to 48,382.39. Meanwhile, the Nasdaq Composite slipped 6.36 points, or less than 0.1%, to 23,235.63, weighed down by losses in Microsoft and Tesla.

Technology stocks, particularly those tied to artificial intelligence, continued to steer the market, extending a trend that pushed US equities to record highs last year. Nvidia jumped 1.3%, helping lift the broader market, though a 2.2% drop in Microsoft capped further gains.

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