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19.02.202602:33:43UTC+00Indonesia Equities Rise Further Ahead of Rate Decision

Indonesian shares climbed 47 points, or 0.5%, to 8,355 in early Thursday trading, extending gains to a second straight session after Wall Street advanced overnight on the back of tech strength and resilient U.S. economic data. Domestically, investors are focused on Bank Indonesia’s policy rate decision due later today, with the central bank widely expected to leave interest rates unchanged for a fifth consecutive meeting after delivering a cumulative 150 bp in cuts since September 2024 to support economic growth. At the same time, President Prabowo Subianto is scheduled to meet U.S. business leaders in Washington, underscoring Indonesia’s drive to deepen economic diplomacy. Still, heightened natural disaster risks, which have exposed infrastructure weaknesses, limited further upside in the market. Sector gains were led by basic materials, energy, and transportation, with notable movers including Medco Energi Internasional (+6.5%), Energi Mega Persada (+5.5%), Adaro Andalan Indonesia (+3.9%), Elang Mahkota Teknologi (+3.1%), and Perusahaan Gas Negara (+19%).

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