The IDX Composite closed the second session at 6,037.84. The index gained 113.48 points, or 1.92 percent, from its Friday, July 10, 2026, closing level of 5,924.36.
The rally was not evenly distributed across the market. Major banking, energy, mining, and industrial stocks became the primary drivers of the advance. Meanwhile, healthcare and consumer non-cyclical stocks remained under pressure.
IDX Composite Reverses Sharply After Morning Pressure
The IDX Composite opened at 5,934.72. The index briefly declined to 5,898.15 as weakness across regional markets encouraged investors to sell shares during the opening session.
The market direction changed before the second session. Investors returned to large-capitalization stocks after S&P Global Ratings maintained Indonesia’s long-term sovereign credit rating at BBB with a stable outlook.
The rating decision strengthened perceptions that Indonesia’s investment risks remained manageable. Buying activity subsequently flowed into banking, mining, energy, and industrial shares.
Basic Materials and Energy Lead the Rally
Nine of the eleven sectoral indices closed higher. The basic materials sector recorded the strongest gain at 2.96 percent.
The energy sector followed with an increase of 2.66 percent. Industrials gained 2.44 percent and provided additional support for the broader market rally.
However, two sectors failed to participate in the advance. Healthcare declined by 0.26 percent, while consumer non-cyclicals slipped by 0.05 percent.
Major Banks Lift the IDX Composite
Shares of PT Bank Mandiri (Persero) Tbk, traded under the ticker BMRI, became the largest contributor to the market gain. BMRI contributed approximately 13.96 points to the IDX Composite’s advance.
BMRI rose from the previous closing reference of around Rp4,080 to Rp4,250. The stock gained Rp170, equivalent to an increase of 4.16 percent.
PT Bank Rakyat Indonesia (Persero) Tbk, or BBRI, also moved aggressively. BBRI increased by Rp80 from approximately Rp2,790 to Rp2,870, representing a gain of 2.86 percent.
The advance in the two major banks indicated that the rally did not rely solely on second-tier shares. Investor funds also flowed into stocks carrying significant weight within the main index.
UNVR Leads Pressure Within the LQ45
Not every stock benefited from the rally. PT Unilever Indonesia Tbk, or UNVR, recorded the steepest decline among LQ45 constituents.
UNVR fell by 2.89 percent. PT Surya Citra Media Tbk, traded under the ticker SCMA, followed with a decline of 1.92 percent.
PT Hartadinata Abadi Tbk, or HRTA, declined by 0.84 percent. The corrections indicated that investors continued rotating funds away from defensive shares and into commodity, industrial, and banking stocks.
Trading Activity Rises, but Risks Remain
Total trading volume reached approximately 25.44 billion shares, while transaction value reached Rp11.50 trillion.
A total of 377 shares closed higher, 250 shares declined, and 167 shares remained unchanged.
The composition showed that the market rally had relatively broad participation. However, investors still need to monitor pressure on the rupiah, energy prices, and volatility across Asian markets.
IDX Composite Outlook for Tuesday, July 14, 2026
Closing at the intraday high provided a strong signal for the following trading session. Continued buying momentum could allow the IDX Composite to test the 6,080 to 6,120 range.
However, a 1.92 percent rise in a single day also creates room for profit-taking. Investors who bought shares at lower prices may begin securing gains during early Tuesday trading.
The 6,000 level remains an important psychological boundary. The IDX Composite needs to remain above that level to preserve its recovery trend.
If selling pressure returns, the 5,980 to 6,000 range could become a consolidation zone. Movements in BMRI, BBRI, AMMN, BRPT, and UNTR may once again determine the index’s direction.
Disclaimer: Market projections do not guarantee future price movements. Investors should review company fundamentals, personal risk profiles, and current market developments before making investment decisions.
