{
    "success": true,
    "data": {
        "id": 1793283,
        "msgid": "ihsg-soars-7-57-today-recording-highest-surge-in-the-reform-era-1780998841",
        "date": "2026-06-09 16:16:45",
        "title": "IHSG Soars 7.57% Today, Recording Highest Surge in the Reform Era",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "The Jakarta Composite Index (IHSG) experienced a historic daily jump of 7.57%, closing at 5,746.65, marking one of the strongest rallies since the reform era began. The surge was fuelled by positive sentiment following a meeting between government officials and state-owned banks, which signalled potential share buybacks. This rally occurred despite a concurrent interest rate hike and ongoing foreign capital outflows.",
        "content": "<p>The Jakarta Composite Index (IHSG) recorded a significant surge at\nthe close of trading on Tuesday (9\/6\/2026), soaring 7.57% to 5,746.65.\nThis massive single-day gain propels the domestic index into the ranks\nof the highest daily appreciation records in the history of the capital\nmarket, particularly when reviewed since the early 2000s at the start of\nthe reform era. Statistically, since the beginning of 2000, an IHSG\nincrease exceeding 6% in a single day is a very rare anomaly. The\nhighest daily gain record during this reform era was set on 26 March\n2020, when the index rocketed 10.19% to 4,338.90, driven by a market\nstimulus response. Besides that momentum, 2008 was a period with the\nhighest frequency of extreme surges due to high volatility from the\nglobal financial crisis. The IHSG rose 7.92% on 23 January 2008 and\nsoared again by 7.64% on 3 November 2008. The upward trend above 6% was\nalso recorded several times between 2007 and 2010. The market\u2019s reversal\nof direction was triggered by positive sentiment from a meeting\ninvolving the Deputy Speaker of the Indonesian House of Representatives,\nSufmi Dasco Ahmad, along with directors of state-owned banks (Himbara),\nBPJS Ketenagakerjaan, Taspen, BPI Danantara, the Indonesia Investment\nAuthority (INA), and the Minister of State Secretary. There was a strong\nsignal from the government that shares of state-owned banks were worth\nrepurchasing given their depressed valuations. The fundamental\nperformance of state-owned banks was confirmed to be in prime condition.\nData showed lending and Third-Party Funds for Himbara banks each growing\nin the range of 20% to 30%. Liquidity and risk profiles are also well\nmaintained, reflected in a Loan-to-Deposit Ratio in the range of 88% to\n90% and a Non-Performing Loan ratio below 2%. Confirmation of the solid\nfundamentals of these large-capitalisation banks triggered heavy buying\nflows from domestic institutional investors. The significant index\nappreciation on the day presents an interesting anomaly, as this\naccumulation momentum occurred amid bearish sentiment from a benchmark\ninterest rate hike of 25 basis points on Tuesday (9\/6\/2026) and a\npersistent capital outflow trend reaching IDR 1.46 trillion by\nmid-session.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ihsg-soars-7-57-today-recording-highest-surge-in-the-reform-era-1780998841",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}