16.12.202502:42:20UTC+00Indonesia Shares Rise Modestly

Indonesian stocks experienced a 23-point rise, equivalent to 0.3%, reaching 8,675 during Tuesday morning's trading session. This increase effectively reversed losses from the previous day, driven by strengths in the consumer services, consumer durables, and energy minerals sectors. Market sentiment was bolstered by central bank data indicating a slight reduction in foreign debt as of October, alongside stable government liabilities, which suggests improved debt management. On the monetary policy front, Bank Indonesia is anticipated to maintain current interest rates for the third consecutive meeting later this week, with the possibility of rate cuts still a viable option due to manageable inflation levels. Nonetheless, the market's gains were restrained by a significant downturn in U.S. futures ahead of crucial November employment statistics and the upcoming Consumer Price Index data release. Meanwhile, in China, Indonesia's major trading partner, industrial production and retail sales grew at a slower pace than expected in November, and new home prices continued to decline, despite governmental assurances to stabilize the real estate market. Among the early stock performers were Dian Swastatika Sentosa, with a 5.0% gain, Amman Mineral International at 1.9%, and Unilever Indonesia, which rose by 1.6%.