FX.co ★ Indonesia Stocks Poised for Second Straight Weekly Rise

In Friday's morning trading session, Indonesia's IDX Composite experienced an increase of 31 points, or 0.3%, reaching 8,956, recovering from a slight decline observed the previous day. This rise was primarily attributable to advancements in sectors such as cyclicals, energy, and transportation. The market appears poised for a consecutive week of gains, reflecting a 2.3% increase so far. This progress has been supported by recent all-time domestic highs and improved transparency in fiscal matters, following the publication of the 2026 state budget. Additionally, positive sentiment was bolstered by new data from China, Indonesia's leading trading partner, indicating a reduction in deflationary risks in December, amid efforts by Beijing to stimulate demand and control price competition. However, this upward trajectory faced limitations due to local data revealing a dip in consumer confidence from November's nine-month high. Furthermore, President Prabowo hinted that Jakarta might acquire an additional 4–5 million hectares of palm oil plantations after previous acquisitions of land identified as illegally operated. Notable early performers included mid-cap companies such as Sanurhasta Mitra (up 12.5%), Astrindo Nusantara (up 20.0%), and Kawasan Industri Jababeka (up 12.2%).