FX.co ★ Indonesia Stocks Rebound, Reach Over 7-Month High

The IDX Composite index experienced a notable rise of 56 points, or 0.8%, reaching 7,401 by midday on Wednesday. This uptick marks its highest point since December 11, effectively reversing the downturn from the prior session. The recovery was largely attributed to strong performance from heavyweight stocks. All sectors saw positive movement, with the exception of healthcare. Leading the charge was the technology sector, which surged by 3.4%, primarily driven by a significant 9.0% increase in DCI Indonesia stocks. It's worth mentioning that DCI shares had been temporarily halted on Tuesday due to their substantial cumulative price rise. Additional optimism was fueled by the announcement of trade agreements between the US and Japan, sparking anticipation for further accords. Prior to the minor setback experienced on Tuesday, July 22, due to profit-taking, the IDX Composite had been on an upward trajectory since July 11. The industrial sector also demonstrated robust growth, advancing by 1.8%. Among the standout performers were Leyand International with a 10.0% rise, Global Sukses Solusi up by 9.8%, Aviana Sinar Abadi increasing 7.5%, and Astra International gaining 4.3%.