Indonesian IHSG Surpasses 7,600 Points on July 29, Amid Rupiah Strengthening and 6.95% Foreign Investment Drop

The Indonesian stock market, represented by the Indeks Harga Saham Gabungan (IHSG), has experienced a steady upward trend throughout July 2025. The IHSG climbed 1.15% to 7,267.759 points on July 17, marking its highest level since January 23. It continued to strengthen over the following days, closing at 7,287 points on July 18, up 1.32%, and rising further to 7,398.19 points on July 21, a 1.18% increase. By July 22, the index reached 7,457.381 points, and by the end of the month, it had surpassed 7,600 points, with PT Mirae Asset Sekuritas Indonesia projecting the IHSG to reach this level in the second half of 2025. On July 28, the index closed at 7,543.50 points, up 0.17%, maintaining its position above 7,500 despite pressure from weakening regional markets. The IHSG continued its rally on July 29, breaking through 7,614.77 points, the highest in nine months, with a near 1% gain. Concurrently, the Indonesian rupiah strengthened in spot market trading during this period. However, foreign investment in Indonesia dropped by 6.95% as of late July 2025, marking the largest decline since 2020.