FX.co ★ Indonesian Shares Up for 5th Session

Indonesia’s IDX Composite climbed 80 points, or 1.5%, to 5,153 in Tuesday morning trade, extending its advance for a fifth straight session to reach a near two-week high. Sentiment was supported by stronger U.S. equity futures after an overnight rally on Wall Street, as technology stocks rebounded and oil prices eased following President Trump’s remarks that further strikes on Iran would not be necessary, despite the U.S. remaining “locked and loaded.”

On the domestic front, foreign investors returned on Monday, recording net purchases of IDR 104.08 billion across all markets. Consumer confidence also improved, hitting a five-month high in October, underpinned by ongoing government stimulus measures. However, upside was limited by caution ahead of expected student-led protests later in the day. Investors were also awaiting the release of September retail sales data due later on Tuesday, after solid growth in August.

All sectors advanced, with basic materials, industrials, property, and energy leading the gains. Among the top performers were Petrosea (+15.3%), Timah (+5.7%), Bakrie & Brothers (+5.2%), and Kalbe Farma (+4.0%).