FX.co ★ Indonesia Stocks Subdued

Indonesian stocks showed minimal movement on Thursday morning, hovering around 8,389, following slight advances in the previous session. Gains in the communications and industrial services sectors balanced out declines in producer manufacturing and retail trade. Investors favored blue-chip and non-cyclical stocks due to continued foreign investment, despite underperformance in the energy and mining sectors. Attention was also on U.S. developments, where the House passed a spending bill to end the government shutdown, with President Trump expected to sign the bill later today. In terms of economic data, China's October figures for retail sales, industrial output, and employment rates are anticipated on Friday, and Bank Indonesia's policy meeting is scheduled for next week. Among the early market performers were Mitra Keluarga Sehat, rising 2.8%, Bank Panin, up 2.0%, and Perusahaan Gas Negara, which increased by 1.4%. Conversely, Surya Citra Media declined by 2.7%, Indo Tambangraya fell by 2.4%, and Timah Tbk. decreased by 1.7%.