FX.co ★ Indonesia Stocks Head for 3rd Straight Weekly Advance

Indonesian stocks experienced a boost of 20 points, or 0.2%, reaching a new high of 8,660 during Friday's morning trading session. This marks the second consecutive session of gains. The positive market sentiment was buoyed by a slight increase in U.S. futures, which occurred ahead of the release of the U.S. Personal Consumption Expenditures (PCE) index—an important measure of inflation—just before the Federal Reserve's final policy meeting next week. The market anticipates another interest rate cut during this meeting. Over the week, the IDX Composite is set for its third straight weekly gain, having risen approximately 1.8% to date. This optimism is underpinned by recent projections from the Organisation for Economic Co-operation and Development (OECD), predicting Indonesia's economy to grow at an annual rate of 5% from 2025 to 2027. This growth is supported by fiscal stability, strong domestic demand, and improved financial conditions. The sectors driving the gains included consumer durables, industrial services, and manufacturing. However, the overall market strength was somewhat restrained by weaknesses in the healthcare and energy minerals sectors. Noteworthy market performers were XLSmart Telecom with a rise of 10.7%, Capital Financial Indonesia up by 7.0%, Pertamina Geothermal Energy advancing 6.0%, and Bangun Kosambi Sukses climbing 4.3%.