The IDX (Jakarta Composite Index) is nearing the 6,000 level.

The Jakarta Composite Index (JCI) of the Indonesia Stock Exchange on July 3, 2017, reached a new all-time high, closing at 5,910.24, up 80.85 points (1.38 percent) from its June 22, 2017, position. Throughout 2017, the JCI has shown an upward trend, setting new record highs and nearing the psychological level of 6,000. This increase was partly triggered by Indonesia's upgrade to investment grade by Standard & Poor's Global on May 19, 2017.

Compared to its end-of-2016 position, the Jakarta index has strengthened by 613.5 points or 11.58 percent. Compared to the period before the announcement of Indonesia's rating upgrade by S&P Global (May 18), the JCI has increased by 264.79 points (4.69 percent). However, on Tuesday, July 4, 2017, the market experienced profit-taking, resulting in a correction of 34.14 points (0.58 percent) in the JCI, bringing it down to 5,876.098.

Standard & Poor's Global's upgrade of Indonesia's government debt rating to BBB- from BB+ further fueled investor enthusiasm for accumulating shares on the Jakarta Stock Exchange, both foreign and domestic. The upgrade to investment grade indicates that investment risk in the Indonesian financial market has decreased, while the prospect of profit remains substantial.