09.12.202502:56:12UTC+00Indonesia Stocks Hold Near Record High

Indonesian stocks remained relatively stable during Tuesday's morning trading session, maintaining their position near an all-time high of 8,706 points. This stability was achieved as advances in consumer durables and technology services balanced out declines in healthcare and utilities sectors. Investors continued to evaluate robust trade data from China, Indonesia's principal trading partner, which reported an unprecedented annual trade surplus exceeding USD 1 trillion from January to November. This surplus was largely the result of a strategic shift towards markets outside the United States. Domestically, Jakarta is grappling with increasing economic and infrastructure challenges following a significant disaster in Sumatra, prompting emergency fiscal measures and initiatives to restore fuel and electricity supplies. Market participants are anticipating the release of China's Consumer Price Index (CPI) and Producer Price Index (PPI) figures for November on Wednesday, as well as important domestic data later in the week, including November's consumer sentiment and October retail sales. Notable performers in the market included Pradiksi Utama, which rose by 20%, Merdeka Gold Resources with a 3.2% increase, and Avia Avian, up by 2.1%. In contrast, Bayan Resources fell by 3.0%, Barito Renewables decreased by 1.6%, and Bank Central Asia saw a decline of 0.9%.