FX.co ★ Indonesia Shares Jump to Start the Week

Indonesian stocks rose by 95 points, or 1.0%, reaching 9,046 in early Monday trading, effectively halting a three-day losing streak. This uptick was propelled by widespread gains, particularly in sectors like basic materials, transport, and energy. Investors looking for deals entered the market after the IDX Composite fell from a record high achieved last week. Bank Indonesia's choice to maintain its key interest rate unchanged for the fourth consecutive meeting this year indicates the board's priority on preserving the rupiah's credibility over minor policy easing. Meanwhile, the International Monetary Fund (IMF) increased Indonesia's 2026 growth projection to 5.1% from 4.9%, boosting confidence in the country's pro-growth fiscal strategy ahead of the fourth quarter GDP figures expected in early February. However, additional market gains were limited by a sharp decline in U.S. futures, as traders prepared for potential volatility stemming from geopolitical concerns in Greenland and Iran, a new tariff threat to Canada, and the forthcoming Federal Reserve interest rate decision. Notable performers included Aneka Tambang, which surged by 11.7%, Archi Indonesia with a 7.0% increase, Vale Indonesia rising by 4.4%, and Medco Energi advancing 4.3%.