JAKARTA – The Jakarta Composite Index (IHSG) closed today’s trading at 7,142.46, up 0.67% or 47.86 points.

This rise positioned the IHSG as the top performer among the five other composite indices in the ASEAN region.

Trading volume on the Indonesia Stock Exchange (IDX) reached 26.62 billion shares, with a transaction value of IDR 15.45 trillion across all markets.

Previously, Bank Indonesia (BI) had announced a 25 basis point (bps) cut in its benchmark interest rate, bringing it down to 5.5%.

BI Governor Perry Warjiyo said the cut was aimed at maintaining the rupiah exchange rate “as well as supporting sustainable economic growth.”

Meanwhile, Phintraco Sekuritas analyst Ratna Lim, in a research note this morning, stated that the strengthening of the rupiah and the rate cut by BI could support further gains in the IHSG.

In the ASEAN region, the Philippine PSEi index ranked second with a 0.63% gain. Vietnam’s VNI rose 0.60%, while Singapore’s STI fell 0.07%, Malaysia’s KLCI slipped 0.26%, and Thailand’s SET dropped 0.80%.

With today’s gains, the IHSG has recorded a 0.88% increase year-to-date. (KR/ZH)