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03.03.202602:48:39UTC+00Indonesia Stocks Rebound

Indonesian equities climbed 48 points, or 0.6%, to 8,061 in Tuesday morning trade, rebounding from the previous session’s sell-off as bargain hunters moved in after the IDX Composite touched a three-week low. Sentiment was lifted by data showing factory activity expanded for a seventh consecutive month in February, reaching its fastest pace in more than three years, supported by Ramadan- and Eid-related demand despite ongoing global uncertainty.

Bank Indonesia also reiterated its commitment to maintaining rupiah stability in line with economic fundamentals. However, gains were limited after trade data revealed that January’s surplus came in below expectations amid rising imports. Investors remained cautious ahead of PMI releases from key trading partner China, where concerns were mounting over potential holiday-related softness.

Nearly all sectors advanced, led by energy, industrials, and non-cyclical names. Notable gainers included Adaro Andalan Indonesia (up 5.6%), United Tractors (3.8%), Indo Tambangraya Megah (3.0%), and Japfa Comfeed (2.5%).

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