12.01.202603:05:28UTC+00Indonesia Equities Rise Further to Begin the Week

Indonesian equities experienced a modest increase, climbing 23 points or 0.2% to reach 8,957 during early trading on Monday, marking the second consecutive session of gains. This uptrend was primarily driven by the performance of sectors such as basic materials, consumer cyclicals, and property. Investor sentiment remained buoyed by ongoing foreign investments and strategic early-year positioning. Furthermore, Indonesia's economic resilience was bolstered by an uptick in December's foreign exchange reserves.

In parallel developments, China's markets, representing Indonesia's most significant trading partner, remained near their highest points in a decade. This has fostered optimism regarding Beijing's ability to manage demand and supply efficiently, thereby sustaining corporate earnings. However, a decline in U.S. futures posed a limiting factor to gains, following Federal Reserve Chair Powell's disclosure that federal prosecutors had initiated a criminal investigation into his Senate testimony concerning Fed building renovations. Additionally, market participants exercised caution in anticipation of critical Chinese economic data releases scheduled for the week, including December trade figures, fourth-quarter GDP statistics, and various activity indicators.

Noteworthy early market movers included Pakuwon Jati, which rose by 16.5%, RMK Energy by 13.8%, Aneka Tambang by 6.9%, and Archi Indonesia by 5.3%. Investors now turn their focus toward the pending release of November retail sales data, following a sustained period of growth indicated by October's report.