Additional Support Predicted For Indonesia Shares

(RTTNews) - The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.

The global forecast for the Asian markets suggests little movement ahead of key U.S. inflation data later today. The European markets were mixed and flat and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

The JCI finished modestly higher on Thursday following gains from the resource and energy companies, while the financial shares came in mixed.

For the day, the index rose 15.91 points or 0.20 percent to finish at 7,952.09 after trading between 7,941.94 and 8,022.76.

Among the actives, Bank CIMB Niaga fell 0.29 percent, Bank Mandiri shed 0.63 percent, Bank Danamon Indonesia improved 0.79 percent, Bank Negara Indonesia rose 0.22 percent, Bank Central Asia added 0.30 percent, Bank Rakyat Indonesia perked 0.24 percent, Indosat Ooredoo Hutchison tanked 2.88 percent, Indocement skidded 1.07 percent, United Tractors retreated 1.30 percent, Astra International strengthened 1.36 percent, Energi Mega Persada soared 4.50 percent, Astra Agro Lestari accelerated 3.13 percent, Aneka Tambang gained 0.68 percent, Vale Indonesia slumped 1.04 percent, Bumi Resources advanced 0.90 percent and Semen Indonesia, Indofood Sukses Makmur and Timah were unchanged.

The lead from Wall Street suggests mild upside as the major averages opened mixed on Thursday but tracked steadily higher as the day progressed, ending near session highs.

The Dow gained 71.67 points or 0.16 percent to finish at 45,636.90, while the NASDAQ climbed 115.02 points or 0.53 percent to end at 21,705.16 and the S&P 500 rose 20.46 points or 0.32 percent to close at 6,501.86.

The strength that emerged on Wall Street came as traders digested highly anticipated earnings news from Nvidia (NVDA), with the AI darling and market leader reporting reported second quarter results that largely exceeded expectations but data center sales that came in below estimates.

Investors were also looking ahead to the release of the Commerce Department's report later today on personal income and spending in July, which includes the Federal Reserve's preferred readings on consumer price inflation.

In economic news, the Commerce Department said the U.S. economy grew more than estimated in the second quarter of 2025. Also, the Labor Department noted a modest decrease by first-time claims for U.S. unemployment benefits last week.

Crude oil prices moved higher on Thursday following a drop in U.S. crude inventories a day earlier. West Texas Intermediate crude for October delivery was up $0.42 or 0.65 percent at $64.57 per barrel.