The IDX Composite climbed 45 points, or 0.6%, to 7,981 in morning trade on Thursday, extending gains from the previous session and reaching a new record high. Investor sentiment was lifted by growing expectations of a Federal Reserve rate cut at the September meeting, following dovish signals from Fed Chair Jerome Powell last week. Domestically, optimism was supported by Bank Indonesia’s decision to cut its benchmark interest rate by 25 basis points last week, as well as a policy agreement between the government and the House of Representatives on macroeconomic indicators, including economic growth targets for FY 2026. Almost all sectors traded in the green, led by raw materials (+1.2%), followed by healthcare, energy, and technology. Traders largely shrugged off a workers' demonstration demanding higher wages. Top performers included Perusahaan Gas Negara (2.1%), Astra International (1.8%), Bank Danamon (1.6%), and Indofood (0.8%).