The winning streak has stretched to three sessions now for the Indonesian stock market, wrapped around a four-day weekend for the Christmas break. The Jakarta Composite Index has jumped more than 75 points or 3 percent in that time, and now sits just above the 2,500-point plateau - and now investors are looking for continued upside at the opening of trade on Tuesday.
The global forecast for the Asian markets is again virtually flat with a touch of upside in what is expected to be very thin trade in between the Christmas and New Year's holidays. Oil and gold stocks may provide a bit of support, although properties and airlines are expected to be weak. The European and U.S. markets finished slightly higher, and now the Asian markets are expected to follow suit.
The JCI finished sharply higher on Monday, riding support from the resource stocks.
For the day, the index jumped 34.81 points or 1.41 percent to finish at 2,509.69 after trading between 2,475.09 and 2,512.22.
Among the gainers, Bumi Resources surged 5.5 percent, while nickel miner Antam spiked 4.8 percent, Inco jumped 5.2 percent and Mitra International Resources added 3.3 percent.
The lead from Wall Street is cautiously optimistic as stocks were able to eke out modest gains to kick off the last trading week of the year, with a lack of economic catalysts limiting movement in Monday's dealing. The major averages were able to move higher for a sixth straight session, setting fresh yearly closing highs.
Airline stocks came under considerable pressure today, however, as the weekend's attempted terrorist attack by a supposed al-Qaeda operative on a transatlantic flight bound for Detroit from Amsterdam sparked global security concerns. Even though the attack was thwarted and resulted in no casualties or impact to airline operations, airlines worldwide have stepped up security measures in the wake of the attack.
In other news, holiday shopping showed a modest increase this year, according to the MasterCard Advisors' SpendingPulse report, which tracks national retail and service sales. The report showed year-over-year growth in the period between Black Friday and December 24th in all sectors measured. Retail stocks saw modest strength following the report.
Also, the Treasury Department sold $44.0 billion in two-year notes, seeing weaker than usual demand, with the bid-to-cover ratio for the auction coming at 2.91. The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.
The major averages moved to the upside going into the close, ending the day modestly higher. The Dow gained 26.98 points or 0.3 percent to close at 10,547.08, the NASDAQ advanced by 5.39 points or 0.2 percent to 2,291.78 and the S&P 500 rose by 1.30 points or 0.1 percent to 1,127.78.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.