Indonesian Stocks Rise 4.24% Weekly on Stable Credit Rating

The Indonesian Stock Exchange Composite Index (IHSG) concluded the trading week of July 13-17, 2026, with a significant gain of 4.24%, reaching a closing level of 6,175.53. This upward movement pushed the market capitalization to Rp 10,749 trillion, an increase of 3.95% from the previous week.

Trading activity saw a notable boost, with the average daily transaction value surging by 36.25% to Rp 13.99 trillion. The average daily trading volume also experienced a rise of 27.75%, reaching 26.17 billion shares. Furthermore, the average daily transaction frequency increased by 24.60%, with 2.33 million transactions recorded.

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The decision provides a signal that international rating agencies still assess Indonesia's economic fundamentals as strong, ranging from the ability to maintain fiscal stability, financial sector resilience, to medium-term economic growth prospects.

Foreign investors recorded a net buy of Rp 638.05 billion on Friday, July 17. However, for the year 2026, foreign investors have a net sell of Rp 75.712 trillion.

The primary catalyst for the IHSG's rally was the positive assessment from international rating agency S&P Global Ratings. On July 13, S&P affirmed Indonesia's sovereign credit rating at 'BBB,' classifying it as investment-grade, and maintained a stable outlook. This decision signaled continued confidence in Indonesia's economic fundamentals, including fiscal stability, financial sector resilience, and medium-term economic growth prospects.

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For market players, the certainty that there was no downgrade or outlook change is comforting news because previously there were concerns about a negative revision amid increasing global uncertainty.