Shares in Indonesia experienced a notable rise of 113 points, or 1.3%, reaching 8,270 on Monday afternoon, effectively counteracting a recent downturn from the previous session. Investors responded positively to encouraging September trade data, which showed a 11.4% year-on-year increase in exports—the fastest growth in seven months—and a 7.2% rise in imports, the most significant in five months. This resulted in a trade surplus of approximately USD 4.3 billion. Meanwhile, Indonesia's annual inflation rate climbed to 2.86% in October, its highest in 18 months, yet still comfortably within Bank Indonesia's target range of 1.5% to 3.5%.
Additionally, the improved sentiment was bolstered by the easing of trade tensions between the U.S. and China, highlighted by the U.S.'s reduction of tariffs and the suspension of China's new export controls on rare earths and magnets. Moreover, the U.S. plans to waive port fees on vessels linked to China for a year commencing next week.
Most sectors experienced gains, with noteworthy performances in health tech, industrial services, and consumer durables. Among individual stocks, Barito Renewable Energy soared 6.9%, while other significant gainers included Bumi Resources at 6.0%, Barito Pacific at 5.5%, Astra International at 4.5%, and Telkom Indonesia at 4.4%.
