High Foreign Exchange Reserves, IDX Closes Higher (Tuesday, June 10, 2025)

Indonesia Stock Exchange Composite Stock Price Index (IDX Composite) closed up 1.65% to 7,230.75 at the close of trading on Tuesday (June 10, 2025).

According to Maximilianus Nico Demus, Associate Director of Research and Investment at Pilarmas Investindo Sekuritas, today's index movement was influenced by sentiment related to Indonesia's foreign exchange reserves.

"The level of foreign exchange reserves will increase investor confidence, which will contribute to overall economic growth," Nico said, as quoted by Antara, Tuesday (June 10, 2025).

Previously, Bank Indonesia (BI) revealed that Indonesia's foreign exchange reserves remain high.

"Indonesia's foreign exchange reserves at the end of May 2025 remained high at US$152.5 billion, stable compared to the position at the end of April 2025. This development was influenced by tax and service receipts, as well as oil and gas foreign exchange receipts," BI said in a press release on Tuesday (June 10, 2025).

"Bank Indonesia views the foreign exchange reserve position as adequate to support the resilience of the external sector in line with the sustained export outlook, the balance of capital and financial transactions which is projected to remain in surplus, and positive investor perception of the domestic economic outlook and attractive investment returns," they said.

Based on the IDX-IC Sectoral Index, nine sectors strengthened today. The technology sector led with 3.54%, followed by the transportation and logistics sector at 3.53% and the energy sector at 2.18%.

Meanwhile, two other stock sectors were corrected. The health sector fell the most at 0.98%, followed by the property sector which weakened by 0.11%.

The frequency of domestic stock trading today reached 1.50 million transactions. A total of 28.67 billion shares changed hands with a total transaction value of Rp17.87 trillion.

Based on RTI Business data, 352 stocks closed higher today, 261 stocks weakened, and 195 stocks were stagnant.

Today's top gainer was MPXL, which soared 34.75%, followed by BAIK and PNSE, which rose 32.63% and 24.49% respectively.

On the other hand, the stock code KRYA became the top loser after plunging 14.29%, followed by MBMA and INPP which corrected 8% and 7.95% respectively.

Meanwhile, Asian markets were generally weaker this afternoon. The Hang Seng Index weakened 0.08% to 24,162.86; the Strait Times Index weakened 0.06% to 3,933.80; the Shanghai Index weakened 0.44% to 3,384.81; while the Nikkei Index strengthened 0.32% to 38,211.51.