IHSG Continues Rally, Opens Up at 6,524
The Jakarta Composite Index (IHSG) of the Indonesia Stock Exchange (IDX) moved higher on Friday as market participants weighed sentiment from both domestic and global levels. The IHSG opened up 22.48 points, or 0.35 percent, at 6,524.07. Meanwhile, the LQ45 index of 45 leading stocks rose 2.62 points, or 0.41 percent, to 641.36.
“It is estimated that if the IHSG holds above the MA100 level, it has the potential to test the next level at 6,600 and potentially close the gap at 6,700. However, negative external sentiment and the approach of the weekend need to be watched,” said Phintraco Sekuritas Head of Research Ratna Lim in her analysis in Jakarta on Friday (21/8/2026).
Domestically, the IDX plans to change the minimum share price limit traded on the regular market and cash market from the current Rp50 to Rp1 per share.
The IDX also plans to remove two criteria from the Special Monitoring Board, namely criterion (1) regarding shares with an average price below Rp51 and low liquidity over the past three months, and criterion (11.2) relating to issuers that no longer meet other Special Monitoring Board criteria but whose share price has not yet reached Rp50.
In addition, the IDX plans to adjust the auto rejection threshold classification. For lower auto rejection (ARB), shares priced at Rp1-10 will use a Rp1 limit based on nominal value. Shares in the price ranges of Rp11-200, Rp201-5000, and above Rp5000 will have an ARB of 15 percent.
For upper auto rejection (ARA), shares priced at Rp1-10 will use a Rp1 limit based on nominal value. Meanwhile, shares in the Rp11-200 range will have an ARA of 35 percent, shares in the Rp201-5000 range 25 percent, and shares above Rp5000 20 percent.
The rule changes will be tested together with Exchange Members (AB) on 22 and 29 August 2026, and the IDX is targeting implementation of the changes on 7 September 2026.
From abroad, US Treasury yields rose again despite a planned large-scale bond buyback operation by the US Department of the Treasury.
The US 10-year bond yield rose more than 5 basis points (bps) to 4.704 percent on Thursday (20/8). The 30-year US Treasury yield also rose 5 bps to 5.248 percent.
Ratna said the rise in bond yields has triggered concerns that companies will bear high borrowing costs.
“In addition, it will also affect a decline in corporate profits if the yield increase lasts a long time, thus hampering the pace of the stock market index which is currently bullish,” said Ratna.
Meanwhile, crude oil prices closed up more than 2 percent on Thursday (20/8), after the US Treasury Secretary stated that the US would impose severe sanctions on Iran.
European markets mostly weakened on Thursday (20/08), with the Euro Stoxx 50 down 0.37 percent, the UK FTSE 100 up 0.04 percent, the German DAX down 0.42 percent, and the French CAC 40 down 0.57 percent.
US Wall Street markets were uniformly weaker on Thursday (20/08), with the S&P 500 down 0.87 percent to 7,641.16, the Nasdaq Composite down 0.72 percent to 29,213.17, and the Dow Jones Industrial Average down 1.32 percent to 52,759.21.
Asian regional stock markets this morning included the Nikkei index down 0.49 percent to 65,956.00, the Shanghai index up 0.03 percent to 3,905.95, the Hang Seng index up 0.56 percent to 25,841.76, the Kospi index up 0.77 percent to 6,905.52, while the Strait Times index was down 0.03 percent to 5,670.60.