22 July 2025, 09:54 Indonesia: Stocks Hit 7-Month High, Break Above 7,400
Equities in Indonesia climbed 47 points, or 0.6%, to 7,445 in morning trade on Tuesday, extending gains for the twelfth straight session, supported by heavyweight stocks and returning foreign inflows. The IDX Composite tracked a rally in the S&P 500 and Nasdaq on Wall Street overnight, boosted by optimism over strong corporate earnings. The benchmark index lingered at its highest level since December 11, 2024, breaking the 7,400 mark. Interest rate cuts last week continued to lift sentiment, as did trade deals with the US that could take effect before August 1, according to Indonesia’s chief economic minister, Airlangga Hartarto, on Monday. A rise in commodity prices also fueled sentiment. Technology services and finance stocks mainly drove the index, with notable gains from DCI Indonesia (17.9%), Informasi Teknologi (6.5%), Data Sinergitama (5.0%), Bank Bupoin (3.2%), and BFI Finance (1.3%).
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