Erajaya Swasembada is trading 5.2% up today at IDR 448.00, extending a strong rebound from late July lows.
- The move aligns with broader optimism in consumer discretionary stocks and improving global risk sentiment as cyclicals rally.
- Gains are supported by macroeconomic signals and expectations of a soft landing, despite a lack of fresh company-specific news.
- The stock continues to recover momentum after hitting recent lows in late July.