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The IDX Composite Index of Indonesia climbed 51 points, or 0.6%, reaching a new high of 9,082 during Thursday morning's trading sessions. This marks the third consecutive day of gains, spurred by government initiatives to enhance food security, labor-intensive sectors, and social programs, which have strengthened investor confidence in the nation's economic stability. Additionally, the positive sentiment was bolstered by China's record trade surplus in 2025, with exports to markets outside the U.S. mitigating tariff challenges. The index is poised for a third straight weekly increase, having risen approximately 1.5% thus far, supported by ongoing foreign investment despite the weak rupiah. The surge was led by cyclical stocks, basic minerals, and energy sectors, while the transport and infrastructure sectors limited overall gains. Conversely, U.S. stock futures declined following Wall Street's extended losses from the previous night, influenced by geopolitical uncertainties and caution surrounding earnings reports. Among the top-performing companies were Merdeka Battery Materials, with a 5.2% increase, Petrosea at 3.4%, Bank Rakyat Indonesia which rose 2.2%, and Bank Central Asia up 0.9%. The markets are scheduled to be closed Friday due to a public holiday.
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