Stocks in Indonesia climbed 95 points or 1.0% to 9,046 in early trade on Monday, snapping a three-session losing streak on broad-based gains led by basic materials, transport, and energy. Bargain hunters stepped in after the IDX Composite retreated from a record high hit last week. Bank Indonesia’s decision to hold its key rate for a fourth straight meeting in its first meeting this year signaled that the board is unwilling to risk rupiah credibility for marginal easing. Meantime, the IMF raised Indonesia’s 2026 growth forecast to 5.1% from 4.9%, bolstering confidence in pro-growth fiscal policy, ahead of Q4 GDP data due in early February. However, further gains were tempered by a sharp drop in U.S. futures, as traders braced for volatility tied to geopolitical risks in Greenland and Iran, a new tariff threat to Canada, and the upcoming Fed rate decision. Top performers included Aneka Tambang (11.7%), Archi Indonesia (7.0%), Vale Indonesia (4.4%), and Medco Energi (4.3%).