OJK: Indonesia's Stock Market to Strengthen 10% in July 2026, Investor Numbers to Exceed 30 Million

Indonesia's capital market is poised for significant growth, with projections indicating a strengthening stock market and a surge in investor numbers by July 2026. The Otoritas Jasa Keuangan (OJK), Indonesia's financial services authority, anticipates the Composite Stock Price Index (IHSG) will rise by over 10 percent, closing at 6,236.13 by the end of July 2026. This positive outlook is further bolstered by an expected increase of one million investors during that month, bringing the total number of Single Investor Identification (SID) holders to over 30 million.

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IHSG closed at 6,236.13 as of the end of July 2026, an increase of 10.51 percent month-on-month (mtm).

Hasan Fawzi, Head of OJK's Capital Market, Financial Derivatives, and Carbon Exchange Supervision, highlighted that foreign investors demonstrated a net buy of Rp 1.62 trillion in the stock market throughout July 2026. This indicates a calming of selling pressure from foreign entities. Fawzi also noted the resilience and liquidity of the domestic capital market, evidenced by a narrowing bid-ask spread in the stock market to 1.33 percent in July, down from 1.75 percent the previous month.

The bond market also shows positive trends, with the Indonesia Composite Bond Index (ICBI) closing at 430.46 in July 2026, a 0.14 percent increase month-on-month. Foreign investors' interest in Indonesian government bonds (SBN) remains strong, with a recorded net buy of Rp 6.39 trillion month-to-date as of July 29. This sustained foreign investment underscores confidence in Indonesia's debt instruments.

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This is certainly in line with the direction of price recovery in our market.

Furthermore, the investment management industry is experiencing positive performance. The Net Asset Value (NAB) of mutual funds reached Rp 663.26 trillion as of July 30, 2026, marking a 1.59 percent increase month-to-date. Mutual fund investors recorded a net subscription of Rp 3.43 trillion month-to-date, with a year-to-date net subscription of Rp 1.29 trillion. Corporate fundraising in the domestic capital market also remains robust, with year-to-date fundraising reaching Rp 121.96 trillion and 15 public offering plans in the pipeline. The total value raised through security crowdfunding (SCF) has reached Rp 2.01 trillion.

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The number of investors in the capital market continues to show an increasing trend, in line with the results of market deepening initiatives and efforts to strengthen the digital ecosystem in the capital market industry.