FX.co ★ Indonesia Stocks Hit Record Peak

The IDX Composite advanced by 50 points, or 0.6%, to reach 7,943 during early trading on Thursday. This marked its fifth consecutive day of gains and a new all-time high for the index. The rise was in harmony with an encouraging session on Wall Street the previous night, driven by growing anticipation that the Federal Reserve might lower interest rates in its upcoming September meeting. Continued foreign capital inflows further bolstered market confidence. Investor sentiment was also optimistic due to the extension of the trade truce between the US and China by another 90 days. All sectors experienced positive movements, with infrastructure leading the way, followed by notable performances in transportation, energy, and technology. Standout stocks included DCI, climbing 10.0%, Dian Swastika Sentosa with an increase of 5.6%, Map Aktif Adiperkasa up by 2.2%, Mitra Adiperkasa rising 2.0%, and Telkom Indonesia gaining 1.8%.