Jakarta. Jakarta Composite Index (JCI) opened 0.5% higher on Friday, buoyed by a broad rally across Asian markets as global financial markets stabilized despite lingering uncertainty over the temporary US-Iran truce.

The benchmark index gained 30 points to 5,942, trading between 5,932 and 5,947. More than 903 million shares changed hands, with turnover reaching Rp 650 billion ($36 million) across over 282,000 transactions. A total of 322 stocks advanced, 129 declined, and 199 were unchanged.

Phintraco Sekuritas said domestic motorcycle sales rose 1.1% year-on-year to 515,136 units in June 2026, rebounding from a 5.1% contraction in May despite rising inflation and a higher Bank Indonesia benchmark rate.

On a monthly basis, motorcycle sales grew 7.5% in June after falling 8% in May. However, first-half sales slipped 0.3% year-on-year to 3.13 million units, equivalent to around 46.7%-48.9% of the Indonesian Motorcycle Industry Association's (AISI) full-year target of 6.4 million to 6.7 million units.

"Investors will next await June 2026 car sales data, which is scheduled for release today," Phintraco said.

Meanwhile, retail sales contracted 3.9% year-on-year in May, deepening from a 3.7% decline in April. The figure marked a second consecutive month of contraction and the sharpest annual decline since May 2023.

"This indicates weakening consumer spending amid rising inflation driven by higher non-subsidized fuel and food prices," Phintraco said.

The decline was recorded across food, beverages and tobacco, clothing, household equipment, as well as information and communication equipment. On a monthly basis, retail sales fell 1.5% in May after a sharp 11.6% drop in April.

Separately, Kiwoom Sekuritas Indonesia said the Indonesia Stock Exchange (IDX) reported that the number of issuers on its High Shareholding Concentration (HSC) list had fallen to 14 after food and beverage and lifestyle company Lucy Group (IDX: LUCY) exited the list on July 2, 2026.

"The IDX emphasized that HSC status is not a sanction, but rather part of efforts to improve market transparency, free float, and stock liquidity through periodic evaluations conducted together with KSEI," Kiwoom said.

"The reduction in the number of issuers on the HSC list reflects improvements in share ownership structures and is expected to enhance the quality and efficiency of the Indonesian capital market," it added.

On the macroeconomic front, the International Monetary Fund (IMF) maintained its growth forecast for Indonesia at 5.0% in 2026 and 5.1% in 2027 amid slowing global and regional economic momentum.

Asian markets were broadly higher as of 9:13 a.m. Jakarta time. Japan's Nikkei jumped 2.31%, South Korea's Kospi surged 4.38%, Hong Kong's Hang Seng advanced 0.92%, and China's Shanghai Composite gained 0.44%.

US stocks also rose and oil prices eased on Thursday as financial markets stabilized while investors awaited further developments after President Donald Trump cast doubt on the temporary truce in the war with Iran.

The S&P 500 climbed 0.8%, more than recovering its losses from the previous session, despite fresh US airstrikes against Iran and retaliatory attacks targeting US allies in the Middle East. The Dow Jones Industrial Average gained 139 points, or 0.3%, while the Nasdaq Composite rallied 1.3%.

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