Jakarta. Indonesian stocks opened higher on Wednesday as investors awaited Bank Indonesia’s interest rate decision, with optimism over new fiscal support measures and the newly enacted International Financial Center (PFII) law underpinning market sentiment.
Jakarta Composite Index (JCI) rose 26 points, or 0.41%, to 6,366 at the open. In the first five minutes of trading, the benchmark moved within a range of 6,360 to 6,394.
Trading volume reached 3.6 billion shares worth Rp 1.5 trillion ($83.77 million) across more than 253,000 transactions. Advancers outnumbered decliners 310 to 170, while 216 stocks were unchanged.
Investors are closely watching the outcome of Bank Indonesia’s two-day policy meeting, with consensus forecasts pointing to a 25-basis-point increase in the benchmark BI Rate to 6%.
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Phintraco Sekuritas also noted that June bank lending data, due later on Wednesday, is expected to show credit growth slowing to 9% year-on-year from 11.51% in May.
The brokerage said the Finance Ministry and the Financial System Stability Committee (KSSK) have prepared a series of fiscal and market intervention measures to safeguard economic stability in the second half of 2026.
The measures include optimizing government fund placements in commercial banks to support domestic banking liquidity, while transportation discounts and import incentives are aimed at lowering operating costs for manufacturers and trading companies.
The government is also seeking to preserve household purchasing power by stabilizing fuel and key food prices to support businesses and sustain economic growth in the second half of the year.
Separately, Phintraco said the government plans to issue $1 billion worth of yuan-denominated Panda Bonds on July 23 as part of efforts to diversify its funding sources. The bonds have received a AAA/Stable rating from Lianhe Credit Rating.
“This reflects the government’s effort to diversify its sources of financing,” Phintraco Sekuritas said.
The brokerage also highlighted the House of Representatives’ approval of the International Financial Center (PFII) bill into law, saying the legislation could strengthen foreign capital inflows.
“The enactment of this law is expected to open new financing sources for the government while attracting capital inflows,” Phintraco Sekuritas said.
Across Asia as of 9:13 a.m. Jakarta time, Japan’s Nikkei gained 1.93%, South Korea’s Kospi surged 5.97%, Shanghai’s SSE Composite added 0.34%, while Hong Kong’s Hang Seng slipped 0.55%.
Overnight on Wall Street, technology stocks continued to drive gains as enthusiasm for artificial intelligence remained strong. The S&P 500 climbed 0.9%, the Dow Jones Industrial Average advanced 385 points, or 0.7%, and the Nasdaq Composite rose 1.3%.
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