There were also gains Wednesday in Sydney, Seoul, Singapore, Wellington, Manila and Jakarta, though Tokyo edged down.

The IDX Composite (IHSG) closed at 7,247.41 on Tuesday, gaining 48.79 points, or 0.68 percent, amid mixed index performances in the broader Asian market.

The IDX Composite (IHSG) fell by 0.55 percent to 7,198.61 on Monday as the market digests new economic data published by Statistics Indonesia (BPS).

The IDX Composite closed on Thursday slightly lower at 7,201.7 after new BPS data showed that inflation had slowed in January.

The IDX Composite index strengthened on the last trading day of January, closing 0.22 percent higher at 7.207,94.

Analysts project new car sales to bounce back this year, along with the rise of electric vehicles, which continue to gain popularity in the country.

The IDX Composite climbed by 0.49 percent to 7,192.22 on Tuesday ahead of the US Federal Reserve’s interest rate decision.

Clean energy stocks might be in for a much-needed recharge this year as bets on interest rate cuts brighten their outlook following record outflows from this former ESG hot spot.

Asian shares fell on Tuesday, hurt by the court-ordered liquidation of property giant China Evergrande while rising geopolitical tensions propped up oil prices and kept a lid on risk appetite ahead of the Federal Reserve's meeting.

Once China's biggest real estate firm, its astronomical debt of more than $300 billion had become emblematic of a years-long crisis in the country's property market that had reverberated throughout the world's second-largest economy.

Oil rose Monday on fresh Middle East fears as Joe Biden pledged to retaliate after blaming Iran-backed rebels for the killing of three US service members in a drone attack on a base in Jordan.

After years of losses, France is trying to work out an agreement by the end of the month to bolster the producers through investments to help reduce costs.

The IDX Composite declined 0.57 percent to close Friday's trading at 7,137.

Indonesia’s nickel miners are bracing for a price slump in 2024, as the global glut is expected to continue growing while demand growth has declined.

Asian shares were set on Friday to snap a three-week losing streak, while investors awaited a key reading on US inflation later in the day to gauge the outlook for US rates.

The IDX Composite (IHSG) declined by 0.69 percent, or 49.78 points, and closed at 7,178.04 on Thursday as investors await United States economic data.

Indonesia's sugar production must reach 9.7 million tonnes by 2030 to be self-sufficient, where currently the country only produces around 2.5 million tonnes.

The Indonesian Stock Exchange (IDX) Composite (IHSG) posted a 0.11-percent gain on Tuesday, closing at 7,234.46.

The Indonesian Palm Oil Association (GAPKI) says the drop is the result of a weakened global economy caused by the prolonged Russia-Ukraine war, conflicts in Middle East and a slowing Chinese economy.

Hong Kong led a rally across Asian markets Tuesday as traders were cheered by reports that Chinese authorities were considering a blockbuster boost to equities after a painful start to the year.

More Chinese firms will enter the Indonesian market as they face a weaker domestic economy back home and increased restrictions to enter European and United States markets, HSBC said.

The US company in the fourth quarter lost its crown as the world's biggest electric vehicle seller to China's BYD, but during the first 10 months of 2023 both companies grew their share of a slowing and highly competitive Chinese EV market.

Asian shares tracked Tokyo higher on Monday as AI hype helped the tech sector ahead of a week brimming with central bank meetings, major economic data and corporate earnings.

The Indonesia Stock Exchange (IDX) Composite (IHSG) closed at 7,227.40, losing 25.56 points or 0.35 percent, on Friday. It recorded a 0.19 percent decline for the week.

The Indonesia Stock Exchange (IDX) Composite maintained its position in the green zone on Thursday, rising 52.33 points, or 0.73 percent, to close at 7,252.96.

The Energy and Mineral Resources Ministry aims to auction 10 oil and gas working areas this year and offer companies a better deal for higher-risk areas.

IDX Composite closed 0.26 percent higher to 7,242.78 on Tuesday. The index was down over 1 percent in the past week, while mutual funds rose.

The dollar rose on Tuesday as investors pared back bets on near-term rate-cuts by the US Federal Reserve following hawkish comments from European Central Bank officials, while worries of more attacks on ships in the Red Sea weighed on risk sentiment.

The IDX Composite declined 0.24 percent to close at 7,224 on Monday, when Statistics Indonesia published its December 2023 data on the trade balance and the central bank released its November 2023 data on external debt.

The government is considering compressed natural gas (CNG) as an alternative to reduce Indonesia’s dependence on costly imports of liquefied petroleum gas (LPG) to meet domestic needs.