21 July 2025, 14:11 Indonesia: Stocks Extend Rally, Hover at 7-Month High.
Shares in Indonesia climbed 67 points, or 0.9%, to 7,381 around noon on Monday, extending gains for a tenth consecutive session. The IDX Composite hovered near its highest level since December 12, 2024, as last week’s interest rate cuts continued to boost investor sentiment. Local confidence was further supported by news that Vietnam and Indonesia have reached an agreement on export levies, although final details are still pending. Meanwhile, traders are closely watching for developments on a potential US-Indonesia trade agreement and assessing its likely impact on key industries. Market participants are now looking ahead to July inflation data, June trade figures, and Q2 corporate earnings as the next major catalysts. Most sectors traded in the green, with technology services and consumer non-durables leading the gains. Among the top early performers were DCI Indonesia (+17.8%), Global Sukses Solusi (+9.8%), Maja Agung Latexindo (+8.1%), and Multi Bintang (+3.9%).
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