Wall St sign is seen outside the New York Stock Exchange, Thursday, April 10, 2025, in New York. (AP Photo/Yuki Iwamura)
Jakarta. The Jakarta Composite Index (JCI) opened strong at 7,779 on Thursday, climbing 93 points or 1.16 percent in early trade. The benchmark index traded in the range of 7,774 to 7,787 during the opening session.
According to RTI data, around 727.87 million shares changed hands in the first minutes of trading, with a transaction value of Rp 741.75 billion across 56,611 deals. A total of 296 stocks gained, 94 declined, and 202 remained flat.
Five stocks stood out as top gainers in the early session, with Voksel Electric (VOKS) soaring 22 percent. Mandom Indonesia (TCID) jumped 16.94 percent, while Sampoerna Agro (SGRO) advanced 13.36 percent. Cakra Buana Resources Energy (CBRE) rose 9.88 percent, and Mandiri Herindo Adiperkasa (MAHA) gained 8.72 percent.
On Wall Street, stocks extended their rally on Wednesday after a positive US inflation report and upbeat forecasts from Oracle tied to artificial intelligence. The S&P 500 gained 0.3 percent, setting a fresh record high for the second consecutive day. The Nasdaq Composite edged up by less than 0.1 percent, while the Dow Jones Industrial Average slipped 220 points or 0.5 percent.
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Investors welcomed data showing US wholesale inflation unexpectedly eased in August, raising hopes that the Federal Reserve could proceed with an interest rate cut next week despite lingering price pressures from President Donald Trump’s tariffs. “Wednesday’s update essentially rolled out the red carpet for a Fed rate cut next week,” said Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley.
Asian markets were mixed in morning trade. Japan’s Nikkei advanced 0.94 percent to 44,254, Shanghai added 0.23 percent to 3,820, while Hong Kong’s Hang Seng fell 0.80 percent to 25,990 and Australia’s ASX200 slid 0.40 percent to 8,795.
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