FX.co ★ Indonesia Stocks Hit Record Peak After BI and Fed Decisions

The IDX Composite increased by 18 points, or 0.2%, reaching 8,043 in the morning trading session on Thursday. This marks the seventh consecutive day of gains, setting a new record high. The rally was bolstered by Bank Indonesia's decision to reduce interest rates by 25 basis points on Wednesday—the sixth such reduction since September of the previous year. Additionally, market sentiment was uplifted by the U.S. Federal Reserve's action to lower the federal funds rate by 25 basis points, alongside indications of a further 50 basis points in cuts anticipated by the year's end. Moreover, the announcement of an economic stimulus package valued at IDR 16.23 trillion (approximately USD 989.3 million) aimed at enhancing growth for the fourth quarter of 2025 and moving into the next year, added to the optimistic outlook. However, gains were checked by a mixed performance on Wall Street the night before, where both the Nasdaq and S&P 500 ended in negative territory. The technology, manufacturing, and utilities sectors spearheaded the gains. Leading the top performers were Elang Mahkota with a rise of 4.9%, XL Axiata at 1.5%, and BRI advancing by 0.7%.