IHSG and Rupiah Strengthen in Tuesday Afternoon Trading

The Jakarta Composite Index (IHSG) closed up 7.57% at 5,746 on Tuesday, 9 June 2026. The rally marks a trend reversal after the IHSG was under pressure for the past week. A total of 678 stocks gained, 89 fell, and 48 were unchanged. Trading volume was recorded at 45 billion shares with a value of Rp 28 trillion, while the transaction frequency reached 2.71 million times. Foreign investors recorded a net sell of Rp 447 billion on the day. Meanwhile, the rupiah exchange rate closed 129 points stronger at Rp 18,058 per US dollar. Director of PT Traze Andalan Futures Ibrahim Assuaibi said the development was influenced by improving market sentiment after Iran and Israel stated they had ceased attacks against each other. From the domestic side, Ibrahim assessed the rupiah’s strengthening was influenced by the government’s continued efforts to strengthen economic policy synergy, both in monetary and fiscal terms. ‘Coordination between Bank Indonesia and the Ministry of Finance is part of the effort to keep the national economy on the expected track,’ Ibrahim said in a written statement on Tuesday, 9 June 2026. Another sentiment was BI’s decision to raise the benchmark interest rate by 25 basis points to 5.50% in the Weekly Board of Governors Meeting on Tuesday, 9 June 2026. The hike is a further step to strengthen exchange rate stabilisation.