IHSG Surges Over 1%, Approaches 5,800 Level

The Jakarta Composite Index (IHSG) opened higher on Thursday (2/7/2026), extending gains recorded in the previous trading session. At the market opening at 09:00 Western Indonesia Time, the IHSG rose 0.26%, or 15 points, to 5,709.84. Minutes after the market opened, the index accelerated, surging more than 1% to approach the 5,800 level. By 09:16 WIB, the IHSG had strengthened 1.22%, or 69 points, to 5,764. The index’s highest position in morning trade was 5,773.48. Transaction value was recorded at approximately Rp 1.68 trillion, with a trading volume of 2.78 billion shares across 200,000 transactions. A total of 356 stocks advanced, 162 declined, and 165 remained unchanged. The stocks with the largest transaction values in early trade were BBCA, BBRI, BMRI, BRPT, and TPIA. On the second day of the second half of 2026, the Indonesian financial market faces a range of sentiments, from economic data to a speech by Federal Reserve Chair Kevin Warsh. A trade deficit, a slump in the Manufacturing PMI, rising inflation, and a still-hawkish view from the Fed could pressure the rupiah and the IHSG. Indonesia’s trade balance recorded a deficit for the first time in six years. The Central Statistics Agency (BPS) announced a trade deficit of US$1.61 billion for May 2026, as exports reached US$23.20 billion against imports of US$24.81 billion. This marks the first deficit since April 2020, when the shortfall was US$0.38 billion. BPS also recorded monthly inflation of 0.44% in June 2026, bringing the calendar year inflation to 1.79% and the annual rate to 3.34%. This consumer price index pressure was higher than the 0.28% monthly inflation recorded in May. Meanwhile, Asia-Pacific markets opened weaker on Thursday, following declines on Wall Street as investors took profits on technology stocks, particularly in the semiconductor sector. South Korea’s Kospi index led regional losses, plunging 5.36% at the open, prompting the Korea Exchange to halt trading temporarily for five minutes to curb market volatility, while the small-cap Kosdaq fell 3.55%. Japan’s Nikkei 225 weakened 0.70%, though the Topix managed a slight 0.13% gain. Australia’s benchmark S&P/ASX 200 corrected 0.59% in early trade. The negative sentiment in Asia followed a weak session in the United States, where the Dow Jones Industrial Average surged 423.46 points to hit a record intraday high before erasing all gains to close nearly flat. The S&P 500 fell 0.2% and the Nasdaq Composite dropped 0.7% as investors reduced exposure to chipmakers that had previously driven market gains.