Indonesia's IHSG Index Rises as Foreign Investors Trade and MSCI Keeps Restrictions

The Jakarta Stock Exchange's composite index (IHSG) showed mixed daily moves in early July 2026. On 6 July the index closed up 0.69 % at 5,916.07 as traders awaited U.S. Federal Reserve minutes and domestic foreign‑exchange reserve data. The next day, 7 July, the index surged 1.19 % to a high of 5,986.5, with 450 stocks in the green zone; however, foreign investors recorded a net sale of about Rp 176.8 billion. By 8 July the index slipped 1.11 % to 5,920, and foreign net selling accelerated to roughly Rp 456.6 billion, led by large disposals in Mitra Adiperkasa, Bank Rakyat Indonesia and Amman Mineral International.

Top gainers over the period were newly listed IPOs—PT Niramas Utama (JELI) and PT Nitrasanata Dharma (JECX)—which jumped around 25 % each, while sectoral performance varied, with consumer cyclicals and finance holding green zones and energy and materials turning red. Earlier market sentiment had been boosted by expectations of a sharp earnings rise at Samsung Electronics, reflecting strong AI‑driven chip demand.

Separately, global index provider MSCI decided to maintain its existing restrictions on Indonesian securities, refraining from increasing the Foreign Inclusion Factor or adding new Indonesian constituents to its MSCI Investable Market Indexes. The move limits potential passive foreign inflows and keeps market liquidity concerns central to investor considerations.