06.01.202602:59:38UTC+00Indonesia Equities Notch New High

Indonesian stocks advanced by 26 points, or 0.3%, reaching a new high of 8,888 during morning trading on Tuesday, marking a fifth consecutive session of gains. Market sentiment improved due to stronger U.S. futures, following the Dow Jones reaching a record high overnight as a result of Washington's capture and removal of the Venezuelan leader, Maduro. Additionally, President Trump called for significant investments from U.S. oil companies. Domestically, Jakarta extended income tax relief for workers in labor-intensive sectors until 2026 to enhance purchasing power and ensure job stability. Nevertheless, gains were limited by recent data revealing that Indonesia's trade surplus for November fell short of expectations. Exports experienced their sharpest decline in nearly two years due to weak global demand and increased U.S. tariffs. Inflation posed further challenges, with the December headline Consumer Price Index (CPI) hitting a 20-month high of 2.92% and core inflation remaining at a seven-month peak. Key movers included Trimegah Bangun Persada (up 9.3%), Amman Mineral Int. (up 8.6%), DCI Indonesia (up 4.0%), and Bumi Resources (up 2.6%).