Jakarta Composite Index Records Nine-Session Winning Streak

The Jakarta Composite Index closed at 6,340.02 on Tuesday, July 21, 2026, after jumping 108.24 points, or 1.74 percent. This concludes a nine-session winning streak that saw the Indonesian market advance more than 460 points, representing a total gain of 7.5 percent. The rally was primarily driven by energy, resource, and industrial companies, mirroring positive trends and solid earnings reports in U.S. and European markets.

Prior to Tuesday's surge, the index had already seen eight consecutive sessions of gains, finishing Monday at 6,231.78. During that period, the broader market outlook remained soft due to rising crude oil prices and increased U.S. Treasury yields, fueled by escalating conflict between the United States and Iran. Concurrently, the Dow Jones Industrial Average fell 307.16 points to close at 51,839.26 on Monday.

Investors are expected to engage in profit-taking on Wednesday. Market attention now turns to Bank Indonesia, which is scheduled to conclude a monetary policy meeting on Wednesday. Analysts expect the central bank to maintain current interest rates, including the 5.75 percent benchmark lending rate.