Monitor Trump's Tariff Negotiation Direction, IHSG Closes Higher (Wednesday, July 9, 2025)

The Jakarta Composite Index (JCI) rose 0.57% to close at 6,943.92 on Wednesday (July 9, 2025). This strengthening occurred amid market players monitoring the direction of trade negotiations at the global level, particularly from the United States (US).

"Asian regional exchanges tended to strengthen as market players struggled for clear direction amid rising trade tensions," said Maximilianus Nico Demus, Associate Director of Research and Investment at Pilarmas Investindo Sekuritas, as reported by Antara on Wednesday (July 9, 2025).

According to him, the market is considering the latest US tariffs. Although there is room for trade negotiations, US President Donald Trump has stated that there will be no extension, meaning the deadline for reciprocal tariffs remains August 1, 2025.

Based on the IDX-IC Sectoral Index, 10 out of 11 stock sectors strengthened today. The property sector led with an increase of 2.02%, followed by the basic materials and healthcare sectors, which rose 1.41% and 1.26%, respectively.

The only sector that weakened was the technology sector, which corrected by 0.29%.

According to RTI Business data, the frequency of domestic stock trades today reached 1.06 million transactions.

A total of 26.20 billion shares changed hands, with a total transaction value of Rp10.49 trillion.

362 stocks closed higher today, 226 stocks were stagnant, and 205 stocks weakened.

Today's top gainers were COIN, which soared 35%, followed by CDIA and IOTF, which rose 34.74% and 33.85%, respectively.

On the other hand, the stock with the code MFIN became the top loser after plunging 15%, followed by SHID and ASPR, which corrected by 14.64% and 14.63%, respectively.

Asian regional exchanges closed mixed this afternoon. The Nikkei index rose 0.33% to 39,821.28; the Hang Seng index fell 1.06% to 23,892.32; the Straits Times index rose 0.25% to 4,057.82; and the Shanghai index fell 0.13% to 3,493.05.