IHSG Rises 1.19% as Property Shares Lead Gains

JAKARTA — The Jakarta Composite Index (IHSG) ended today’s trading session in positive territory. The index closed up 70.43 points, or 1.19 percent, at 5,986.50, lifted by buying interest concentrated in property sector issuers.

Data from the Indonesia Stock Exchange showed the positive trend also extended to the LQ45 index, which consists of 45 leading stocks. The group rose 10.44 points, or 1.79 percent, to 549.92. Throughout the day, the IHSG largely held in positive territory from the open until the closing bell.

Phintraco Sekuritas Head of Research Ratna Lim said the index strengthened despite trading volume remaining relatively limited. The property sector was the standout, with the IDXProperty sector index rising 3.03 percent. Market sentiment was also supported by the debut of two new stocks that recorded an Auto Reject Atas (ARA) on their listing day.

Foreign Reserve and Fiscal Policy Sentiment

Behind the index movement, market participants responded positively to the release of June 2026 foreign reserve data. Bank Indonesia recorded foreign reserves rising to US$145.6 billion, up from US$144.9 billion in May 2026. The increase provided a stability cushion amid exchange-rate fluctuations that continue to draw investor attention.

In addition, investors are monitoring fiscal policy dynamics in parliament. The House of Representatives’ proposal to rationalize the 2027 Free Nutritious Meals Program (MBG) budget has become a hot discussion point affecting sector sentiment. Even so, the market appeared to respond with moderate optimism, as reflected in trading volume.

In overall trading conditions, total transaction frequency reached 1.65 million trades with a volume of 21.22 billion shares. Market turnover on the Indonesian stock market today surpassed Rp10.13 trillion. In statistical terms, 450 stocks rose, 222 declined, and 289 were unchanged.

Analysis and Impact for Investors

For investors, today’s IHSG gain signals that the domestic market remains resilient to global sentiment pressures.

Market focus is now shifting to the international calendar, namely the wait for the Federal Reserve’s meeting minutes or FOMC Minutes of Meeting, due to be released on Wednesday (08/07) U.S. time.

The minutes are crucial because they contain economic projections and the U.S. central bank’s monetary policy direction, which often becomes a key determinant of foreign fund flows (capital inflow) in emerging markets.

Sector-wise, alongside property, the consumer non-cyclical and financial sectors also posted strong performances, rising 1.59 percent and 1.42 percent, respectively. In contrast, the technology sector was the only one to weaken, falling 0.54 percent.

Stocks such as APLN, LAND, and NTBK were the main drivers of the index’s gains, while several names such as COCO and TRUS came under significant selling pressure.

Given today’s performance, the index is still seen as having room to continue its rally. Ratna expects a test of the 6,000 psychological level as a near-term target. However, investors should still watch for potential profit-taking, which is common after a fairly sharp index rise.