24 November 2025, 07:25 Indonesia: IDX Rises After Two-Day Pullback.
Indonesia’s IDX Composite rose 30 points, or 0.4%, to 8,450 in early Monday trade, snapping two sessions of losses as most sectors strengthened, led by communications, consumer durables, and retail. Sentiment improved alongside a notable rise in U.S. futures after Wall Street advanced on Friday amid growing optimism for a December rate cut. Locally, Bank Indonesia last week kept its benchmark rate unchanged at 4.75%, as expected, supported by contained inflation and resilient domestic demand. The market also benefited from steady foreign inflows into banks and selected cyclicals, even as regional markets broadly declined. However, strength was capped by signs of mounting domestic fiscal pressure as revenue lagged while spending surged during October, with the deficit reaching IDR 479.7 trillion. Among notable early performers were heavyweight Barito Renewables Energy (1.8%), Telkom Indonesia (2.0%), Amman Mineral International (1.5%), and XLSmart Telecom (1.1%).
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