Indonesian stocks hit three-month high as IDX plans trading rule overhaul

JAKARTA, 26 AUGUST 2026 —

Indonesian stocks rose on Friday, lifting the Jakarta Composite Index 23 points, or 0.35%, to 6,524, its highest level since mid-May.

The index moved within a 6,507-to-6,543 range during the session. Trading volume reached 5.59 billion shares with turnover of Rp 2.42 trillion ($136.61 million) across 320,900 transactions. Advancers totalled 277, decliners 222 and 207 issues were unchanged.

Phintraco Sekuritas advised caution as negative external sentiment lingered ahead of the weekend.

The exchange operator outlined plans to revise trading rules. The minimum share price on the regular and cash markets would drop from Rp 50 to Rp 1.

Several criteria for placement on the Special Monitoring Board would be removed, including Criterion 1 — stocks with average prices below Rp 51 and low liquidity over the past three months — and Criterion 11.2, which covers companies that no longer meet other criteria but whose shares have not reached Rp 50.

Auto-rejection limits will change. For the lower auto-rejection (ARB), shares priced between Rp 1 and Rp 10 will face a Rp 1 limit based on nominal value. Bands of Rp 11–200, Rp 201–5,000 and above Rp 5,000 will carry 15% lower limits. For the upper auto-rejection (ARA), the same bands will have 35%, 25% and 20% caps respectively.

The exchange will test the changes with members on Aug 22 and Aug 29 before implementing them on Sept 7.

Kiwoom Sekuritas Indonesia warned that Indonesia’s ambition to expand growth to nearly 6% by 2027 is at risk. Under the draft 2027 State Budget, capital expenditure is projected to slide about 20% to Rp 295.2 trillion from an estimated Rp 367.4 trillion in 2026. Employee spending would climb to Rp 625.2 trillion while debt interest payments are expected to hit Rp 650.3 trillion.

PermataBank Chief Economist Josua Pardede said the budget structure pits higher growth targets against falling productive spending. He estimates 2027 growth at 5.22% and urges protection for high-leverage areas such as infrastructure, education, healthcare, technology and skills development.

Global sentiment stayed bearish. Kiwoom cited renewed gains in US Treasury yields, weak Walmart results and July Federal Reserve minutes showing officials still see upside inflation risks and openness to further rate hikes. “Investors will focus on August and September data and inflation prints to gauge the Fed’s next move,” Kiwoom said.

Wall Street slipped on Thursday after US bond yields rose on news the Treasury would expand long-term bond buybacks. The S&P 500 fell 0.87%, the Nasdaq Composite lost 1.00% and the Dow Jones Industrial Average dropped 1.32%.

At 8:54 a.m. Jakarta time, Japan’s Nikkei was down 0.80%, South Korea’s Kospi was 0.20% lower, Hong Kong’s Hang Seng gained 0.54% and China’s Shanghai Composite fell 0.41%.

The rebound shows how Jakarta’s equity market remains sensitive to global risk appetite and policy shifts in the region.

Related: Federal Reserve · Jakarta