Indonesian shares climbed 41 points, or 0.8%, to 5,088 in early Monday trading, extending their rally into a fourth consecutive session. The advance tracked stronger U.S. stock futures ahead of key inflation data and major AI earnings releases later this week. Sentiment was further supported by fresh figures showing October foreign exchange reserves at a seven-month high.
On the macro front, Q3 GDP growth accelerated to 5.47% year-on-year, beating forecasts on the back of resilient private consumption and robust manufacturing activity. However, upside was capped by caution ahead of MSCI’s November index review, with a final decision on Indonesia’s market status not expected until June 2027 at the latest.
Political risks also lingered after a wiretapping scandal involving several senior police officials, with students and other groups poised to hold demonstrations later in the week.
All sectors advanced, led by energy, cyclicals, basic materials, and infrastructure. Early notable gainers included Solusi Sinergi Digital (up 7.6%), Telkom Indonesia (up 4.0%), and Aneka Tambang (up 3.0%).
