FX.co ★ Indonesia Stocks Extend Rally, Hover at 7-Month High

Shares in Indonesia surged by 67 points, or 0.9%, reaching 7,381 by midday on Monday. This rise marks the tenth consecutive session of gains. The IDX Composite neared its highest level since December 12, 2024, bolstered by the recent interest rate cuts, which have uplifted investor sentiment. Adding to the local market confidence was the announcement that Vietnam and Indonesia have agreed on export levies, though the details have yet to be finalized. Meanwhile, market participants are attentively monitoring the progress of a potential trade agreement between the U.S. and Indonesia, analyzing its possible impact on key industries. Investors are also focusing on upcoming indicators, including July's inflation statistics, trade data for June, and second-quarter corporate earnings, expected to be major market movers. Most sectors saw positive performance, with technology services and consumer non-durables leading the advancers. Early top gainers included DCI Indonesia (+17.8%), Global Sukses Solusi (+9.8%), Maja Agung Latexindo (+8.1%), and Multi Bintang (+3.9%).