Profit Taking Pulls JCI Down From Fresh Peak
Jakarta. Jakarta Composite Index closed at 8,657 on Tuesday, declining 53.51 points or 0.61 percent after touching a fresh all-time high earlier in the day.
RTI data showed 53.16 billion shares traded with a turnover of Rp 25.94 trillion ($1.55 billion) across more than 3.1 million transactions. A total of 250 stocks advanced, 432 declined, and 119 were flat.
Pilarmas Investindo Sekuritas said the session was dominated by profit-taking, although sentiment received a lift from Bank Indonesia’s Consumer Confidence Index for November, which remained in optimistic territory at 124.0, up from 121.2 in October. “This indicates consumers are more confident about economic conditions compared to the previous month,” Pilarmas said.
The brokerage added that while markets expect the US Federal Reserve to cut rates this week, investors are waiting for the latest economic projections and comments from Chair Jerome Powell “to obtain clues about the central bank’s plans for 2026 and beyond.” Markets are also watching China’s November inflation and producer price data.
Pilarmas noted that China’s Politburo has pledged stronger measures to bolster domestic demand in 2026, including more proactive fiscal policies and looser monetary support.
Across the region, Asian shares mostly weakened after US equities retreated from record levels. Nikkei 225 was the lone bright spot, rising 0.1 percent to 50,655.
Hang Seng dropped 1.3 percent to 24,421, Shanghai Composite slipped 0.4 percent to 3,909, and Kospi declined 0.3 percent to 4,143 as investors monitored signals ahead of China’s Central Economic Work Conference.
In the US, the S&P 500 eased 0.3 percent to 6,846, still within sight of its October record. The Dow Jones shed 0.4 percent to 47,739, while the Nasdaq slipped 0.1 percent to 23,545.
Nvidia’s shares jumped 2.3 percent in after-hours trading after President Donald Trump said he would allow the company to sell its H200 AI chip to approved customers in China, a move analysts say could accelerate China’s AI development.
Back in Jakarta, top gainers were Mandiri Herindo Adiperkasa (MAHA) and Alfa Energi Investama (FIRE), soaring 34.97 percent and 34.02 percent respectively. Yanaprima Hastapersada (YPAS) and Sunson Textile Manufacturer (SSTM) each climbed 25 percent.
On the laggard side, Golden Flower (POLU) tumbled 14.98 percent. Indomobil Multi Jasa (IMJS) fell 12.24 percent, Hetzer Medical Indonesia (MEDS) slid 8.16 percent, and Oscar Mitra Sukses Sejahtera (OLIV) dropped 9.89 percent.
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