22.12.202503:31:03UTC+00Indonesia Stocks Snap 3-Day Losing Streak

On Monday morning, Indonesia’s IDX Composite saw an uptick, climbing 24 points, or 0.3%, to reach 8,633, thereby breaking a losing streak from the previous three sessions. This upward movement was primarily driven by positive performance in the consumer goods, energy minerals, non-energy minerals, and manufacturing sectors. The broader index mirrored Friday’s gains on Wall Street, which were bolstered by strong showings in the technology sector, fueled by renewed enthusiasm for AI-related stocks. Despite this, traders exercised caution due to the impending shortened trading week in light of the upcoming Christmas holiday. In addition, investors awaited announcements regarding minimum wages in various provinces, as labor unions and business groups expressed discontent with the government's proposed 2026 wage formula, critiquing it for limited consultation and not aligning with current economic conditions. Stocks in the financials, communication services, and technology services sectors limited further gains. Early trading saw notable increases from United Tractors with a 1.9% rise, Telekom Indonesia at 1.5%, Astra International up 0.8%, Indofood gaining 0.4%, and Bayan Resources rising 0.3%.