The Indonesia Composite Index (IHSG) began its first trading session\nof June with a significant increase on Tuesday (2\/6\/2026), reversing the\ndownward pressure experienced since last month. The index jumped,\nsupported by the performance of conglomerate stocks that rebounded after\npreviously facing deep declines.<\/p>\n
At the start of trading, the IHSG surged by 82.62 points or 1.35% to\nthe 6,210 level. The index fluctuated between 6,119.97 and 6,153.71\nbefore eventually leaping 2%, or an increase of 122 points, to the\n6,249.98 level.<\/p>\n
Transaction value at the start of trading was recorded at Rp 4.2\ntrillion, with a volume of 5.91 billion shares and a frequency of\n374,000 transactions. A total of 340 stocks were recorded as gaining,\n237 declining, and 156 remaining stagnant.<\/p>\n
Conglomerate issuers, particularly those belonging to the Barito\nGroup, were the most heavily traded this morning. Barito Group stocks\nalso surged and acted as the primary drivers of the IHSG\u2019s performance\ntoday. CUAN shares hit the upper auto-rejection limit (ARA), BREN nearly\nreached ARA, PTRO surged by more than 10%, while BRPT and TPIA gained\nnearly double digits, and TPIA strengthened by 3%.<\/p>\n
Sinar Mas Group\u2019s coal-related issuer (DSSA), which had plummeted by\nnearly 90% this year, strengthened significantly and hit the ARA limit.\nAdditionally, AMMN, owned by the Salim Group, also jumped today. Other\nconglomerate stocks, ranging from the Bakrie Group to those owned by\nHappy Hapsakor, were also recorded as gaining during today\u2019s trade.<\/p>\n
According to Refinitiv data, the majority of trading sectors\nstrengthened, with the highest increases recorded in infrastructure,\nbasic materials, and energy. Conversely, the technology, consumer\nstaples, and healthcare sectors experienced corrections.<\/p>\n
BREN was the primary driver of the IHSG\u2019s performance today,\ncontributing 28 index points, followed by BRPT and BBCA with 12 index\npoints each. Other conglomerates, such as DSSA and AMMN, also\ncontributed 10 index points to the gains. Other issuers supporting the\nIHSG included BBRI, CUAN, BMRI, AMRT, and VKTR.<\/p>\n
Entering the first week of June 2026, market participants will\nclosely monitor several key macroeconomic data releases from both\ndomestic and international sources. Furthermore, there are strategic\ndomestic policy implementations and global geopolitical dynamics to\nwatch, particularly regarding State-Owned Enterprises (SOEs) involved in\nexports.<\/p>\n
Starting 1 June 2026, the government is implementing a series of new\npolicies targeting the management of export foreign exchange and the\nstability of the foreign exchange market. One of the most prominent is\nthe formation of PT Danantara Sumber Daya Indonesia (DSI) as a\nsingle-window export mechanism for three strategic commodities: coal,\npalm oil, and ferroalloy. These three commodities contributed exports\nworth US$66.13 billion in 2025, representing approximately 23.4% of\ntotal national exports.<\/p>\n
Coordinating Minister for Economic Affairs Airlangga Hartarto stated\nthat this policy is part of an effort to improve natural resource\ngovernance and strengthen the supervision of export transactions,\nensuring that recorded export values reflect actual transactions. The\ngovernment will conduct evaluations every three months during the\ntransition period before full implementation on 1 January 2027.<\/p>\n
Simultaneously, the government has begun enforcing new regulations\nregarding Export Proceeds from Natural Resources (DHE SDA) through\nGovernment Regulation (PP) Number 21 of 2026. Non-oil and gas exporters\nare now required to deposit 100% of their DHE into specific domestic\naccounts for a minimum of 12 months. For the oil and gas sector, the\nplacement requirement is set at 30% for at least three months. The\ngovernment also limits the conversion of foreign exchange to Rupiah to a\nmaximum of 50% and is preparing tax incentives, such as lower Income Tax\nrates, for compliant exporters. This policy is expected to strengthen\ndomestic foreign exchange reserves and increase the benefits of exports\nto the national financial system.<\/p>\n
Meanwhile, Asia-Pacific stock markets opened lower on Tuesday\n(2\/6\/2026) amid rising uncertainty regarding peace negotiations between\nthe United States and Iran. According to CNBC, this sentiment has led\ninvestors to be cautious, even though major Wall Street indices hit\nrecord highs in previous trading. In Japan, the Nikkei 225 index opened\ndown 0.52%, while the Topix corrected further by 0.98%. Pressure was\nalso felt in South Korea, with the Kospi index down 0.32% and the Kosdaq\nsmall-cap index plunging 2.5%. The Australian market also moved into the\nred, with the S&P\/ASX 200 declining 0.67%. Hang Seng futures in Hong\nKong stood at 25,207, lower than the previous close of 25,398.18. Market\nparticipants are closely monitoring the latest developments in US-Iran\nrelations after US President Donald Trump downplayed the possibility of\nfailed peace talks with Tehran.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/reasons-behind-the-2-surge-in-the-idx-composite-1780880629", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }