Indonesia's Stock Exchange Strengthens Following Israel-Iran Ceasefire (Tuesday, June 24, 2025)

Indonesia Composite Index (IDX Composite) rose 1.21% to close at 6,869.17 on Tuesday (June 24, 2025).

The index strengthened after the President of the United States (US), Donald Trump, announced a ceasefire between Israel and Iran.

"The IDX and regional Asian exchanges strengthened, driven by sentiment of hope for de-escalation of the conflict in the Middle East, which could reduce concerns about global risks," said Maximilianus Nico Demus, Associate Director of Research and Investment at Pilarmas Investindo Sekuritas, as reported by Antara (June 24, 2025).

Based on the IDX-IC Sectoral Index, 10 out of 11 stock sectors strengthened today. The property sector led with an increase of 3.20%, followed by the non-primary consumer goods sector and the health sector, which rose 3.02% and 2.03% respectively.

The only sector that weakened was the energy sector, correcting by 0.59%.

According to RTI Business data, the frequency of domestic stock trading today reached 1.22 million transactions.

A total of 20.83 billion shares changed hands with a total transaction value of Rp11.94 trillion.

453 stocks closed higher today, 181 stocks were stagnant, and 165 stocks weakened.

Today's top gainers were JSPT, which soared 24.79%, followed by JIHD and SMDM, which rose 24.76% and 24.64% respectively.

On the other hand, the stock with the code RUIS became the top loser after plunging 14.96%, followed by ASPI and PBSA, which fell 13.85% and 12.96% respectively.

In line with the IDX, Asian regional exchanges closed higher this afternoon. The Nikkei index rose 1.14% to 38,790.56; the Hang Seng index rose 2.06% to 24,177.07; the Shanghai index rose 1.15% to 3,420.57; and the Straits Times index rose 0.65% to 3,904.30.