DEWA.JK is trading at IDR 498 (+5.06%) on a technical recovery after rebounding from a sharp sell-off driven by hot U.S. inflation data and geopolitical risks.
- The stock recovered from its IDR 474 close on May 12, regaining ground lost during a 7.96% drop on May 8 following a 3.8% YoY U.S. CPI print.
- No company-specific news has emerged; the move aligns with a technical bounce in a cautious market, supported by modest overnight gains in futures.
- Broader U.S. indices fell 0.42-0.70% on May 12 as investors weighed persistent inflation and ongoing Middle East tensions.