Jakarta. The Jakarta Composite Index (JCI) opened higher on Monday, climbing 32 points or 0.41 percent to 8,132, moving within the 8,104–8,149 range.

Market turnover reached Rp 2.6 trillion from 4,983 billion shares traded in 311,790 deals, with 297 stocks advancing, 190 declining, and 179 flat.

Sentiment was boosted by expectations of fiscal discipline under Indonesia’s new finance minister and clarity on tobacco excise policy. Finance Minister Purbaya Yudhi Sadewa confirmed that tariffs on tobacco products will remain unchanged in 2026, providing relief for cigarette producers and farmers seeking a moratorium on duty hikes.

“Fiscal leadership will be key for investors, especially whether the new minister maintains budget discipline and signals prudent government spending,” said David Kurniawan, equity analyst at Indo Premier Sekuritas. “The decision on tobacco excise is another positive catalyst for consumer-related sectors.”

David added that rupiah stability, supported by Bank Indonesia, and the recent Indonesia–EU trade deal, which cuts tariffs on up to 80 percent of exports starting 2027,  offer further confidence.

Analysts also pointed to record spot gold prices at US$3,759 per troy ounce and renewed optimism over U.S. Federal Reserve policy easing as supporting risk appetite. On Wall Street, the S&P 500 rose 0.6 percent Friday, the Dow gained 299 points or 0.7 percent, and the Nasdaq added 0.4 percent.

In Asia, Japan’s Nikkei slipped 241 points or 0.53 percent to 45,113, while South Korea’s KOSPI gained 28 points or 0.82 percent to 3,414. Hong Kong’s Hang Seng Index rose 193 points or 0.73 percent to 26,321, and Shanghai’s SSE edged up to 3,828.17.