The Jakarta Composite Index (IHSG) closed down 1.88 per cent at 6,196\nin Friday\u2019s trading session, 24 July 2026. A total of 104 stocks\nadvanced, 587 declined, and 105 were unchanged.<\/p>\n
Trading volume reached 37.9 billion shares with a transaction value\nof Rp 17.7 trillion, while the number of transactions totalled 2.25\nmillion.<\/p>\n
\u201cAfter briefly breaking through the 6,400 level intraday this week,\nthe IHSG weakened on Friday due to negative sentiment from rising crude\noil prices that triggered profit-taking,\u201d wrote the Phintraco Sekuritas\nresearch team in its review on Friday, 24 July 2026.<\/p>\n
Beyond the rise in oil prices, another negative sentiment was the\nimposition of a 10 per cent import tariff by the United States on\nproducts from Indonesia.<\/p>\n
The import tariff policy also affected the rupiah\u2019s exchange rate\nmovement. The Garuda currency closed weaker at Rp 17,963 per US dollar.\nIbrahim Assuaibi, Director of PT Traze Andalan Futures, said the new\ntariff was set after the expiry of a temporary tariff policy previously\nin force for 150 days.<\/p>\n
In addition, escalating conflict in the Middle East has the potential\nto pressure Indonesia\u2019s external performance, from a widening current\naccount deficit to pressure on the rupiah\u2019s exchange rate in the third\nquarter of 2026. Ibrahim said crude oil prices had risen above the state\nbudget (APBN) target. \u201cAs a result, the government will need to add US\ndollars to cover that deficit,\u201d he said in a written statement on\nFriday, 24 July 2026.<\/p>\n
Ibrahim also highlighted Indonesia\u2019s trade balance, which recorded a\ndeficit of US$1.61 billion in May 2026 \u2014 the first deficit after 72\nconsecutive months of surpluses.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ihsg-and-rupiah-weaken-simultaneously-at-the-weekend-close-1784901324", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }