IDX Rises, Market Players Await Fed's Policy Decision (Tuesday, June 17, 2025)

Indonesia's Composite Stock Price Index (IDX) rose 0.54% to close at 7,155.85 on Tuesday (June 17, 2025).

This strengthening occurred while market players remained in a wait-and-see attitude regarding the direction of The Fed's policy.

"Market players are awaiting the direction of the monetary policy of the United States (US) central bank, The Fed, which is expected to maintain interest rates amid uncertainty over US trade tariffs that continue to weigh on global market sentiment," said Maximilianus Nico Demus, Associate Director of Research and Investment at Pilarmas Investindo Sekuritas, as reported by Antara, Tuesday (June 17, 2025).

Based on the IDX-IC Sectoral Index, 9 out of 11 stock sectors strengthened today. The transportation sector led with an increase of 2.55%, followed by the non-primary consumer goods sector and the basic materials sector, which rose 1.72% and 1.67%, respectively.

Meanwhile, the two other sectors weakened, namely the industrial sector and the energy sector, which corrected by 1.01% and 0.62%, respectively.

According to RTI Business data, the frequency of domestic stock trading today reached 1.22 million transactions.

A total of 18.83 billion shares changed hands with a total transaction value of Rp11.93 trillion.

309 stocks closed lower today, 289 stocks strengthened, and 209 stocks were stagnant.

Today's top gainers were ASPI, which soared 34.81%, followed by TMPO and PNSE, which rose 34.48% and 24.66%, respectively.

On the other hand, the stock with the code MTFN became the top loser after plunging 25%, followed by BTEK and OBAT, which fell 16.67% and 13.52%, respectively.

Asian markets this afternoon showed varied movements. The Nikkei index rose 0.59% to 38,536.74; the Hang Seng index fell 0.34% to 23,980.30; the Shanghai index fell 0.04% to 3,387.40; the Straits Times index fell 0.38% to 3,907.44.