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IDX Extends Gain Streak to 4th Day as Investors Eye Fed Signals, June FX Reserves

Ria Fortuna Wijaya, Associated Press
July 6, 2026 | 4:10 pm
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Visitor walks past a screen displaying the movement of the Jakarta Composite Index (JCI) at the Indonesia Stock Exchange in Jakarta on Friday, Apr. 24, 2026. (Antara Photo//Putra M. Akbar/tom).
Visitor walks past a screen displaying the movement of the Jakarta Composite Index (JCI) at the Indonesia Stock Exchange in Jakarta on Friday, Apr. 24, 2026. (Antara Photo//Putra M. Akbar/tom).

Jakarta. Jakarta Composite Index (JCI) climbed 0.69% on Monday, extending its winning streak as investors awaited the Federal Reserve's meeting minutes and a slate of economic data from China and Indonesia.

The benchmark index finished at 5,916, up 40 points or 0.69%, after trading between 5,857 and 5,935.

Trading activity remained active, with 19.7 billion shares changing hands in more than 1.6 million transactions, generating Rp 9.4 trillion ($522.2 million) in turnover. A total of 386 stocks advanced, 242 declined, while 155 were unchanged.

Pilarmas Investindo Sekuritas said both external and domestic factors shaped Monday's trading, even as the index continued its upward momentum.

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Regional markets traded mixed as investors awaited the release of the Federal Reserve's latest meeting minutes and key Chinese economic data later this week.

"Markets are currently taking a cautious stance while awaiting the minutes of the Fed's policy meeting for further clues on the interest rate outlook," Pilarmas wrote.

The brokerage noted that the minutes would provide a more detailed account of the central bank's monetary policy deliberations and economic projections.

US labor data released last week showed nonfarm payrolls increased by only 57,000 jobs in June, the smallest gain in four months and well below expectations of 110,000, prompting markets to scale back expectations of a September interest rate hike.

At the same time, Pilarmas noted that the US unemployment rate unexpectedly fell to 4.2%, largely due to a decline in labor force participation to its lowest level since 2021.

Investors are also awaiting China's June consumer price index (CPI) and producer price index (PPI) data for fresh signals on the country's economic recovery.

Domestically, Pilarmas said the market remained cautious over potential profit-taking after the JCI had rallied for three consecutive sessions. Investors are also looking ahead to Indonesia's June foreign exchange reserves data, scheduled for release on Tuesday.

"The data will be closely watched as it provides an indication of the country's ability to maintain rupiah stability, finance imports, and meet external debt obligations," the brokerage said.

Concerns have emerged that foreign reserves may continue to decline after Indonesia's reserves fell to $144.9 billion at the end of May from $146.2 billion a month earlier.

Across Asia, markets closed mixed following a long weekend on Wall Street. Technology stocks weighed on Japanese and South Korean equities, with Japan's Nikkei 225 falling 0.3% and South Korea's Kospi slipping 0.7%. Meanwhile, Hong Kong's Hang Seng rose 0.8%, while China's Shanghai Composite Index was little changed, edging down less than 0.1%.

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