JCI Continues Positive Trend Amidst BI's Rate Cut (Wednesday, July 16, 2025)
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The Jakarta Composite Index (JCI) closed up 0.72% or 51.54 points to 7,192.02 at the close of trading today, Wednesday (July 16, 2025).
Previously, Bank Indonesia (BI) officially cut its benchmark interest rate (BI rate) by 25 basis points to 5.25% in the Governor's Board Meeting held on July 15-16, 2025.
Along with that, the deposit facility interest rate was lowered to 4.50% and the lending facility to 6%.
"This interest rate cut is consistent with the 2025-2026 inflation forecast remaining within the target of 2.5% plus or minus 1%, maintaining the stability of the rupiah exchange rate in accordance with fundamentals, and the need to boost economic growth," said BI Governor Perry Warjiyo in a press conference, as quoted from Katadata.co.id.
Based on the IDX-IC Sectoral Index, 10 stock sectors strengthened. The technology sector led with 6.09%. This was followed by the transportation and logistics sector, which strengthened by 2.36%, and the infrastructure sector, which rose by 1.82%.
Meanwhile, the consumer cyclicals sector was the only stock sector to be corrected at 0.08%.
The frequency of domestic stock trading today reached 1.69 million transactions. A total of 28.94 billion shares changed hands with a total transaction value of Rp 16.51 trillion.
Based on RTI Business data, 351 stocks closed higher today, 250 stocks weakened, and 201 stocks were stagnant.
Today's top gainer was ARGO, which soared 25%. This was followed by EDGE and MERI, which strengthened by 24.94% and 24.86%, respectively.
Meanwhile, the issuer with the code MFIN became the top loser after plunging 14.88%, followed by INAI and SSIA, which corrected by 8.09% and 8.03%, respectively.
Meanwhile, the Asian regional stock exchanges this afternoon include: the Straits Times Index STI strengthened by 0.30% to 4,132.25; the Hang Seng Index weakened by 0.29% to 24,517.76; the Nikkei 225 Index weakened by 0.04% to 39,663.39; and the SSE Composite Index weakened by 0.03% to 3,503.78.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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