Jakarta, ThedailyID — Indonesia’s benchmark stock index posted a strong rally on Monday, with the Jakarta Composite Index (IHSG) surging 4.82% to 5,599.83 by the end of the first trading session.
The sharp gain added 257.36 points to the index and marked one of its strongest intraday performances in recent months.
Trading activity also increased significantly. Investors recorded transaction values of around Rp11.8 trillion, involving more than 19 billion shares.
Most stocks traded in positive territory during the session. Market data showed 499 stocks advanced, while 143 declined and 189 remained unchanged.
Large-cap stocks led the rally as investors returned to the market after recent volatility. Banking, energy, and telecommunications shares contributed heavily to the index’s gains.
Several major banks recorded strong advances, helping boost overall market sentiment. Investors also increased buying activity in a number of blue-chip stocks.
Analysts linked the rally to improving investor confidence and easing concerns over global market conditions. Market participants also responded positively to developments in regional financial markets.
The rebound came after weeks of pressure on Indonesian assets from global uncertainty, including geopolitical tensions and concerns over economic growth.
Despite the strong performance, analysts continue to monitor movements in the rupiah, commodity prices, and global interest rate expectations. These factors remain key drivers of investor sentiment in emerging markets.
Investors are also awaiting upcoming economic data and policy signals from major central banks, which could influence market direction in the coming weeks.
The IHSG’s sharp rise reflects renewed optimism among investors, although analysts caution that market volatility may persist as global risks remain elevated.
