IHSG Surges 1%, Reclaims 6,100 Level as Banking and Astra Rally
Jakarta, CNBC Indonesia – The Indonesia Stock Exchange Composite Index (IHSG) closed up 1.1% and regained the psychological level of 6,100 in Thursday’s trading (16/7/2026), despite being dragged into the red early in the session by pressure on shares of PT DCI Indonesia Tbk. (DCII).
The IHSG ended trading at 6,108.21, up 66.24 points or 1.10%. A total of 385 shares rose, 254 declined, and 326 were unchanged. Transaction value reached Rp13.22 trillion with a volume of 26.23 billion shares across 2.27 million trades. The market capitalisation of the Indonesia Stock Exchange (IDX) rose to Rp10,659 trillion.
The index strengthened for almost the entire day after a correction in the first 30 minutes of trading. By sector, all sectors closed in the green.
The raw materials sector led the gains with a rise of 1.67%, followed by financials at 1.22%, utilities at 1.03%, primary consumer goods at 0.87%, and energy at 0.85%. The financial sector’s performance was one of the main pillars of the IHSG’s advance, thanks to a rally in large-capitalisation bank shares.
In terms of index contributors, PT Astra International Tbk. (ASII) made the largest contribution to the rise, adding around 10.19 points to the IHSG. It was followed by PT Bank Mandiri (Persero) Tbk. (BMRI) with 8.99 points, PT Bank Central Asia Tbk. (BBCA) with 8.83 points, PT Amman Mineral Internasional Tbk. (AMMN) with 6.75 points, and PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) with 4.38 points.
The strengthening of these jumbo-capitalisation shares was enough to offset the pressure that came from DCII.
Throughout the trading session, shares of PT DCI Indonesia Tbk. (DCII) were the main drag on the IHSG. At the start of the session, the stock owned by Toto Sugiri plunged to Rp183,900, down around 7.4% from the previous close. The fall shaved roughly 15 points off the IHSG, pushing the index into the red for roughly the first 30 minutes of trading.
However, that pressure gradually eased towards the close. DCII managed to trim its decline to just 0.44%, drastically reducing the burden on the IHSG. By the end of trading, DCII’s negative contribution to the index was only around 0.9 points, far smaller than early in the session.
On the other side, foreign investors remained cautious.
By the end of the first session, foreign investors had actually recorded a net sell on the regular market. Overall, however, foreigners booked a net buy of around Rp1 trillion following a jumbo transaction on the negotiated market for shares of PT Perdana Karya Perkasa Tbk. (PKPK) worth approximately Rp1.44 trillion.
Total transactions by foreign investors in the first session reached Rp4.19 trillion, comprising Rp2.60 trillion of foreign buying and Rp1.59 trillion of foreign selling.
Even so, selling was still evident in a number of leading shares. PT Chandra Asri Pacific Tbk. (TPIA) was the stock most heavily sold by foreigners at Rp60.83 billion, followed by PT Rans Entertainmen Indonesia Tbk. (RANS) at Rp43.36 billion, PT Astra International Tbk. (ASII) at Rp30.21 billion, PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) at Rp24.63 billion, PT Sumber Alfaria Trijaya Tbk. (AMRT) at Rp17.25 billion, and PT Bumi Resources Tbk. (BUMI) at Rp13.79 billion.
With the pressure from DCII subsiding and large-capitalisation shares strengthening, particularly in the banking sector, Astra, and Amman Mineral, the IHSG ultimately managed to sustain its rally until the close of trading and finished back above the psychological level of 6,100.