Indonesian stocks rose 66 points, or 0.8%, to 8,199 in Wednesday’s morning session, extending their winning streak to a third day. The advance came as U.S. futures traded sharply higher, even after a mixed close on Wall Street overnight amid weaker December household spending and caution ahead of key labor market data.
Domestically, Vice Finance Minister Juda Agung expressed confidence that Indonesia’s Q1 GDP growth will exceed the 5.39% recorded in Q4, citing stronger consumption during the Lunar New Year and Ramadan, as well as better labor market absorption. However, gains were limited by reports that the EU may extend sanctions to Indonesian ports handling Russian oil, which would mark the first time emerging markets are directly targeted.
In parallel, FTSE Russell postponed its review of Indonesia’s inclusion in its indices, originally scheduled for March 2026, pointing to ongoing uncertainty over free-float regulations. On the sector front, cyclical, energy, and industrial names led the rally, with notable advances in Dian Swastatika Sentosa (up 3.3%), United Tractors (up 2.1%), and Bayan Resources (up 1.4%).
