Indonesian stocks jumped 57 points, or 1.0%, to 5,751 in early trading on Thursday, marking the second straight session of gains amid broad-based strength across major sectors.
Markets moved further away from a three-week low as U.S. equity futures strengthened following indirect negotiations between the U.S. and Iran that began Tuesday in Doha.
Locally, government policy support continued, including industrial LNG price cuts, food security programs, and capital market reform.
However, gains were capped by fresh data showing Indonesia’s trade balance unexpectedly shifted to the deficit, the first monthly gap since April 2020 as exports fell while imports surged.
Meanwhile, inflation hit a three-month high in June due to elevated food prices.
Among standouts were Hartadinata Abadi (5.7%), Barito Pacific (4.7%), Elang Mahkota Teknologi (3.7%), and Bank Central Asia (3.1%).