31.10.202508:44:02UTC+00Indonesia Market Eyes 4th Straight Monthly Gain

On Friday afternoon, Indonesia's IDX Composite inched up to approximately 8,193, aiming to clinch a third consecutive session of gains. The healthcare, logistics, and utilities sectors saw notable advances in light of forthcoming tariff negotiations between Indonesia and the United States, expected to resume in November after being postponed due to the U.S. government shutdown. Investor sentiment also improved following an agreement between Washington and Beijing to extend their trade truce for another year. However, many investors regard this extension as a temporary measure rather than a comprehensive resolution. Meanwhile, U.S. futures experienced a slight rise after mixed earnings were reported from major tech companies. The Jakarta benchmark continued on its path for a fourth consecutive monthly gain, with an increase of approximately 1.6% observed so far in October. This growth has been bolstered by market expectations of additional monetary easing from Bank Indonesia. Traders are now focused on anticipating key local economic indicators due next week, which include September's trade data, October's inflation figures, and third-quarter GDP results.