18.12.202503:23:01UTC+00Indonesia Equities Remain Muted

On Thursday morning, Indonesian stocks showed minimal movement, maintaining proximity to the 8,680 mark and experiencing a second consecutive session of stagnation. This steady sentiment persists following the World Bank's forecast, which anticipates Indonesia's economy will expand by about 5% in 2025 and 2026, with a gradual boost to 5.2% projected for 2027. Concurrently, Bank Indonesia has maintained its policy stance, opting to keep the benchmark interest rate unchanged at 4.75% for the third meeting in a row, as expected. This decision underscores the bank's focus on maintaining exchange-rate stability and managing capital flows. In the U.S. markets, the S&P 500 and Nasdaq experienced declines, primarily due to significant losses in Oracle and Nvidia stocks, prior to the release of critical inflation data scheduled for later today. Meanwhile, former President Trump is set to deliver a speech at 10:00 AM Singapore time, where he will highlight his achievements in the first 11 months of his tenure. In the Indonesian market, advances in Bank Central Asia (up 2.5%), Bank Mandiri (up 1.5%), and United Tractors (up 1.4%) balanced out the losses observed in Barito Renewables Energy (down 1.5%), Bayan Resources (down 1.2%), and Amman Mineral (down 2.7%).