Indonesia's IHSG extends rally with gains on July 21, 2026

Indonesia's Jakarta Stock Exchange (IHSG) opened higher on Tuesday, July 21, rising 0.67% to 6,273.57 points, extending a nine‑day rally that began on July 9. The advance was driven by foreign inflows, strong performance of large‑cap banks, and renewed confidence after S&P Global Ratings kept Indonesia’s credit rating at BBB with a stable outlook. Traders also watched the upcoming Bank Indonesia Governor’s Meeting on interest‑rate policy and the pending approval of the International Financial Center law in parliament.

The previous session on Monday saw the index close up 0.86% at 6,228 points, with a net foreign sell of roughly Rp 302 billion. Foreign investors sold the most in Bank Mandiri (Rp 229 billion), followed by Astra International and Bank Central Asia. Trading volume reached 20.09 billion shares and the market capitalisation topped Rp 10,849 trillion. The energy sector posted the strongest gain at 1.72%, led by Petrindo Jaya Kreasi. Regional indices moved variably, with Hong Kong’s Hang Seng up 2.10% and Shanghai’s Composite up 0.93%.

Overall, the market’s momentum reflects a mix of domestic policy expectations, sector‑specific strength, and broader geopolitical and monetary influences affecting emerging‑market capital flows.