Momentum Eases: IDX Flatlines After Record High, Asia Stays Upbeat
Jakarta. Jakarta Composite Index (JCI) closed slightly lower on Monday despite staying in positive territory for most of the session, after briefly touching a new all-time high during intraday trading.
The benchmark index slipped 3.35 points, or 0.04 percent, to 8,391, moving within a range of 8,391–8,478 throughout the day.
Market activity remained robust, with 44.6 billion shares changing hands and a turnover of Rp 20.76 trillion ($1.2 billion) across more than 2.7 million transactions. A total of 371 stocks advanced, 282 declined, and 157 remained unchanged.
Regional markets were mostly higher as investors welcomed tentative progress in the US Senate toward ending the federal government shutdown. Lawmakers voted Sunday to begin procedural steps toward a compromise funding bill, though final approval could still take days.
Gains across Asia were led by South Korea’s Kospi, which jumped 3 percent to 4,073.24, boosted by chipmakers SK Hynix (+4.5 percent) and Samsung Electronics (+2.8 percent).
Japan’s Nikkei 225 added 1.3 percent to 50,911.76, lifted by AI-related stocks like Tokyo Electron (+4.3 percent). Hong Kong’s Hang Seng rose 1.6 percent to 26,649.06, while Shanghai Composite gained 0.5 percent to 4,018.60.
On Wall Street, major indexes ended mixed on Friday, logging their first weekly loss in a month. The S&P 500 rose 0.1 percent, the Dow Jones Industrial Average gained 0.2 percent, and the Nasdaq Composite slipped 0.2 percent after a volatile week dominated by big-cap tech losses. Alphabet dropped 2.1 percent and Broadcom fell 1.7 percent.
Investors continue to assess corporate earnings amid limited economic data releases due to the ongoing US government shutdown, which has delayed key indicators on inflation and employment. Markets are still largely pricing in a Federal Reserve rate cut in December.
Back in Jakarta, IDX’s top gainers included Urban Jakarta Propertindo (URBN), which surged 34.78 percent, followed by Berkah Prima Perkasa (BLUE) and Sinergi Inti Andalan Prima (INET), both up 25 percent, and Pakuan (UANG), rising 24.88 percent.
Meanwhile, laggards were led by Dian Swastatika Sentosa (DSSA), which fell 12 percent, Pembangunan Graha Lestari (PGLI) down 11.02 percent, Tira Austenite (TIRA) off 10.06 percent, and Harta Djaya Karya (MEJA) sliding 9.88 percent.
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