IHSG Rises 7.57%: Driving FactorsDrastic Rise in Stock Market

IHSG Today recorded a very strong increase. Composite Stock Price Index (IHSG) flew 7.57%and closed at 5,746.65. This surge immediately attracted attention because it rarely occurs in a single trading day.

Many investors are wondering why did the IHSG rise?so drastically. Several key factors are interconnected and create a strong positive sentiment in the country.

Key Takeaways

• The IHSG jumped 7.57% to 5,746.65, driven by the increase in the BI Rate and the strengthening of the Rupiah.
• Big cap stocks such as BBCA and BBRI were the main drivers of the index's rise.
• Positive sentiment from the DPR's meeting with banks and the push for BUMN buybacks also strengthened the market.

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IHSG Performance Today

Ontrading Tuesday, June 9, 2026, IHSG recorded an extraordinary increase of7,57%or up 404.51 points. The index closed at5.746,65.

This was one of the largest daily gains in recent memory. Of the 815 stocks traded, 678 rose, 89 fell, and 48 remained unchanged.

Transaction value reached Rp27.77 trillion with a volume of 44.70 billion shares. All sectors recorded gains, with utilities, raw materials, and financials leading the way.

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Main Factors Driving the Increase in the IHSG

There are several factors that support each other and create strong upward momentum today.

1. BI Rate increase to 5.50%

Bank Indonesia decided to raise BI Rate by 25 basis points to5,50%This step was taken to strengthen the stability of the Rupiah amid global turmoil, particularly tensions in the Middle East.

While interest rate hikes are typically considered negative for the stock market, in the current context, they actually signal a positive outcome. The market views BI's move as a strong commitment to maintaining exchange rate stability and attracting foreign capital back to Indonesia.

2. Strengthening of the Rupiah

The rupiah strengthened significantly, closing in the range of Rp 18,050–Rp 18,065 per US dollar. This strengthening eased investor concerns about import pressures and inflation.

When the Rupiah is more stable, the operating costs of companies with debt or imported raw materials become more manageable. This immediately boosts positive sentiment in the stock market.

3. Positive Sentiment from the DPR and Banking Meeting

One powerful catalyst was a meeting between Deputy Speaker of the House of Representatives Sufmi Dasco Ahmad and national banking leaders (including BRI and BNI) and government representatives. The meeting's outcome was deemed "very positive" in assessing the banking situation.

The market interpreted this meeting as a signal that the government and the House of Representatives (DPR) were serious about maintaining financial sector stability. This provided additional investor confidence.

4. Purchase of Big Cap Shares (BBCA and BBRI)

Big stocksCap is the main driving force behind the increase in the IHSG. Stocks BBCA up 6.19% with a transaction value of IDR 5.15 trillion, while BBRI jumped 7.72% with a transaction value of IDR 2.79 trillion.

Both bank stocksThese state-owned enterprises contributed significantly to the index. BBRI contributed 29.79 points and BBCA contributed 28.10 points.

5. Encouragement of BUMN Share Buybacks

The government, through the Ministry of State-Owned Enterprises, is encouraging state-owned companies to carry outshare buybackThis step is considered effective in increasing investor confidence and supporting stock prices amid market volatility.

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Sector Reactions and Leading Stocks

Nearly all sectors recorded gains today. The strongest sectors included:

• Utilities (+13.51%)
• Raw Materials (+10.61%)
• Finance (+6.84%)
• Energy (+6.52%)

In addition to BBCA and BBRI, stocks such as TLKM and BMRI also contributed to the index's rise. High transaction activity indicates aggressive buying interest from domestic investors.

Technical Analysis and Future Outlook

Technically, the IHSG managed to close above several key levels, including the 200-month moving average (MA), filling the previous gap. The Stochastic RSI indicator also formed a golden cross in oversold territory, which historically often signals an early recovery.

Analysts from Phintraco Sekuritas stated that the IHSG's range for the next trading session is estimated to be between 5,600 and 5,850. However, the sustainability of this increase will depend heavily on global data developments and the Fed's future policy.

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What Should Investors Pay Attention to?

Today's IHSG increase is indeed very impressive, but investors still need to be cautious. Here are some things to keep in mind:

• Sustainability of sentiment— Will foreign capital inflows really come in large amounts?
• Global inflation and policy data— Especially the Fed's interest rate decisions.
• Geopolitical developments— Especially the situation in the Middle East which is still a concern.
• Stock valuation— Some stocks have risen quite high in a short time, so the risk of a correction remains.

For investors with existing positions, this can be a good opportunity to review their portfolios. Meanwhile, those looking to enter are advised to maintain sound risk management and avoid rushing into FOMO.

Conclusion

The increase in the IHSG was 7,57% today's performance is no coincidence. The combination of BI's firm policy (BI rate hike), the strengthening of the rupiah, positive sentiment from government-bank meetings, and aggressive buying of large-cap stocks are the main drivers.

Even though the market appears very strong, investors still need to consider fundamentals and the medium-term outlook. A surge like this can present an opportunity, but it also carries the risk of a correction if sentiment changes.

Now is a good time to review your investment portfolio. Ensure your strategy remains aligned with your risk profile and long-term financial goals.

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FAQ

Why can the IHSG rise 7.57% in one day?

This increase was driven by a combination of the BI Rate increase to 5.50%, the strengthening of the Rupiah, and positive sentiment stemming from the House of Representatives' meeting with national banks. Large-cap stocks such as BBCA and BBRI were also key drivers.

Will the IHSG's increase continue today?

It's still difficult to determine. The market will be heavily dependent on foreign capital flows, global inflation data, and geopolitical developments. Technically, there's room for further upside, but the risk of a correction remains.

What stocks were bought the most today?

BBCA and BBRI shares were the primary targets for investors. Both recorded significant increases and contributed the largest points to the IHSG.

What is the impact of the increase in the BI Rate on the stock market?

In the short term, an interest rate hike could depress stock valuations. However, in the current context, BI's move is seen positively as it is believed to stabilize the Rupiah and attract foreign capital.

What should investors do now?

Investors are advised to review their portfolios, capitalize on profitable positions, and maintain risk management. Avoid rushing into new positions without thorough analysis.