Indonesia’s IDX Composite rose 12 points, or 0.2%, to 6,185 in early Friday trading, snapping a two-session losing streak. The rebound followed a positive lead from Wall Street, where optimism over a potential US–Iran agreement helped offset worries about a more hawkish Federal Reserve.
On the monetary policy front, Bank Indonesia raised its benchmark rate by 25 basis points on Wednesday, bringing total tightening since May to 75 basis points. The move aims to bolster the rupiah and attract foreign capital inflows.
Among the top gainers were Merdeka Copper Gold, up 7.3%; Bank Central Asia, up 2.5%; Surya Citra Media, up 2.0%; and Charoen Pokphand, up 1.5%. The market is on track for a second consecutive weekly advance, gaining about 3% so far, as investors continue bargain hunting after the benchmark index fell to a six-year low.
However, upside was limited by a fresh warning from MSCI. The index provider cited poor transparency in shareholding structures and evidence of coordinated trading, just days ahead of its decision on whether to downgrade Indonesia to frontier-market status—a move that could accelerate capital outflows.
