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Indonesian Stocks Set for Bull Market as Sentiment Improves

Bloomberg Markets Thursday 23 July 2026, 02:55 UTC By Bernadette Toh and Prima Wirayani 1 min read
Key Points

Indonesian Stocks Set for Bull Market as Sentiment Improves Indonesian stocks rallied, putting the benchmark on track to enter a bull market after an affirmed sovereign rating boosted sentiment and a sustained tech optimism fueled a regional rebound. The Jakarta Composite Index jumped as much as 1.2% on Thursday to 6,413.06 points, extending gains since its early June low to 20%. PT Bumi Resources and PT Bank Rakyat Indonesia Persero were the top point advancers.

Indonesian Stocks Set for Bull Market as Sentiment Improves Indonesian stocks rallied, putting the benchmark on track to enter a bull market after an affirmed sovereign rating boosted sentiment and a sustained tech optimism fueled a regional rebound. The Jakarta Composite Index jumped as much as 1.2% on Thursday to 6,413.06 points, extending gains since its early June low to 20%. PT Bumi Resources and PT Bank Rakyat Indonesia Persero were the top point advancers.
Indonesian (ORG) Bull Market (ORG) PT Bumi Resources (ORG) PT Bank Rakyat (ORG)
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