Jakarta. Jakarta Composite Index opened at 8,555 on Friday, inching up 5 points or 0.06 percent. Pilarmas Investindo Sekuritas said the benchmark remains on track for a positive month as resilient domestic fundamentals help counter mixed global sentiment.

The early range stood at 8,536–8,568. In the first five minutes, turnover reached Rp 1.70 trillion ($102.15 million) with 3.32 billion shares traded across more than 209,000 transactions. Gainers were 231, losers 247, and 194 stocks were flat.

Pilarmas noted a cautious global backdrop. Europe’s economy is showing early signs of stagnation, with consumer confidence stalled at –14.2, while broader economic sentiment edged up to 97. Industrial confidence slipped to –9.3, and services improved to 5.7 — pointing to a slow and uneven recovery.

China added further pressure as industrial profits weakened, with year-to-date growth slowing to 1.9 percent and monthly profits turning to –5.5 percent, the first decline in three months. Pilarmas said soft demand, deflationary risks, and Beijing’s selective stimulus approach could keep profit recovery constrained.

Trade tensions also resurfaced after Canada imposed a 25 percent tariff on several steel products, including those from the United States. Pilarmas warned the move may trigger another tariff dispute if Washington retaliates.

Despite the global backdrop, Pilarmas maintained a constructive view on Indonesia. They see the JCI staying on course for a positive November as risk appetite gradually returns. A break above 8,660 would give the index a 74 percent probability of reaching 8,940.

On the policy side, the government’s plan to introduce coal export duties starting 2026 poses moderate downside risks to coal names with heavy export exposure. Companies with stronger cost structures, domestic sales focus, or downstream involvement may be more resilient.

The US market was closed for Thanksgiving.

Across Asia, Japan’s Nikkei opened at 50,218, up 51 points (0.10 percent). South Korea’s Kospi climbed 9 points (0.22 percent) to 3,995 before slipping. Hong Kong’s Hang Seng rose 66 points (0.25 percent) to 26,011, while Shanghai’s SSE dropped 5 points (0.13 percent) to 3,870.

Back on IDX, the bourse flagged unusual market activity in Maharaksa Biru Energi (OASA) and Bumi Citra Permai (BCIP). OASA has risen 5.45 percent in a month, while BCIP has fallen 6.25 percent. Investors are urged to monitor issuer responses and review company performance and disclosures.

IDX also suspended three stocks on Friday. Raharja Energi Cepu (RATU), Arkora Hydro (ARKO), and Nusa Raya Cipta (NRCA), following significant cumulative price increases. RATU surged 77.01 percent in a month, ARKO soared 246.86 percent, and NRCA jumped 157.55 percent. The suspensions serve as a cooling-down measure to protect investors.

Meanwhile, the exchange lifted trading halts on Bintang Oto Global (BOGA), Bhakti Multi Artha (BHAT), and Personel Alih Daya (PADA), allowing transactions to resume in both the regular and cash markets starting the first session today.