23 July 2025, 11:49 Indonesia: Stocks Rebound, Reach Over 7-Month High.
The IDX Composite climbed 56 points, or 0.8%, to 7,401 around noon on Wednesday, marking its highest level since December 11 and halting losses from the previous session. The rebound was mainly driven by heavyweight stocks. All sectors traded in the green, except for healthcare. The technology sector led the gains, surging 3.4%, largely boosted by a 9.0% jump in DCI Indonesia stocks. Notably, DCI shares were temporarily suspended on Tuesday due to a significant cumulative price increase. Positive sentiment was further supported by announcements of trade deals between the US and Japan, raising hopes for additional agreements. The IDX Composite had been rising since July 11, before experiencing a decline on Tuesday, July 22, amid profit-taking. The industrial sector also posted strong gains, rising 1.8%. Other top performers included Leyand International (10.0%), Global Sukses Solusi (9.8%), Aviana Sinar Abadi (7.5%), and Astra International (4.3%).
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