The Indonesian stock market has finished higher now in two straight sessions, surging more than 130 points or 3.9 percent in the process. The Jakarta Composite Index finished just below the 3,470-point plateau, although now investors are bracing for selling pressure at the opening of trade on Tuesday.
The global forecast for the Asian markets calls for a modest correction following solid gains in the previous session. Technology stocks may be especially susceptible to profit taking, along with financial shares and property stocks - while investors resumed flocking to gold as a safe haven. The European and U.S. markets ended with mild weakness, and the Asian bourses are tipped to follow that lead.
The JCI finished sharply higher on Monday, surging on solid gains from the resource stocks.
For the day, the index jumped 70.41 points or 2.1 percent to finish at 3,468.04 after trading between 3,397.82 and 3,472.03. Volume was 6.97 billion shares worth 6.24 trillion rupiah. There were 159 gainers and 58 decliners.
Among the gainers, Astra Agro Lestari added 2.1 percent, while Astra International gained 3.8 percent, Tri Polyta Indonesia surged 13 percent and Bank Central Asia jumped 3.1 percent.
Wall Street puts forth a negative lead as stocks saw moderate weakness to open the week on Monday, with the lack of significant economic reports leading to some profit taking following last week's strong gains. Nonetheless, movement was subdued ahead of a number of key economic reports due out later this week.
Amid the day's light economic calendar, corporate news was the highlight of the day, with retail giant Wal-Mart (WMT) revealing a bid to acquire South African Massmart Holdings Ltd. for roughly $4.25 billion or $21.13 per share. Massmart is a leading African retailer of general merchandise, home improvement equipment and supplies.
Southwest Airlines Co. (LUV) also announced that it entered an agreement to acquire AirTran Holdings Inc. (AAI) for approximately $1.4 billion, including debt.
Additionally, aircraft components producer TransDigm Group Inc. (TDG) entered an agreement to purchase McKechnie Aerospace Holdings Inc., a privately-owned supplier of aerospace products, for about $1.27 billion in cash on a cash free, debt free basis.
Anglo-Dutch consumer products maker Unilever PLC (UL) also announced a definitive deal to acquire U.S.-based Alberto-Culver Co. (ACV) for $3.7 billion in cash. Unilever expects the acquisition to be accretive to earnings in the first full year, excluding restructuring costs.
In earnings news, Cal-Maine Foods Inc.'s (CALM) reported first-quarter net income of $0.20 per share while analysts projected a loss of $0.07 for the quarter. Revenues also topped expectations.
The major averages moved to the downside in late-session dealing, ending near their worst levels of the day. The Dow slid by 48.22 points or 0.4 percent to 10,812.04, the NASDAQ fell by 11.45 points or 0.5 percent to 2,369.77 and the S&P 500 dropped by 6.51 points or 0.6 percent to 1,142.16.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.