Indonesian Market Edges Higher as Investors Track Foreign Outflows and Corporate Actions

JAKARTA — Indonesia’s stock market ended Wednesday’s session with only a marginal gain, as advances in several heavyweight shares were largely offset by declines in telecommunications, mining and financial stocks.

The Jakarta Composite Index, or JCI, rose 2.45 points—equivalent to 0.04%—to close at 6,041.97 on July 15, 2026. The benchmark fluctuated between an intraday low of 6,007.17 and a high of 6,081.23. yat Indonesia gained 1.07%, while Amman Mineral Internasional climbed 2.73%. Bank Mandiri also supported the index with a 0.96% advance.

Those gains were partly neutralized by an 8.40% decline in Capital Financial Indonesia. Telkom Indonesia fell 1.56%, while Bumi Resources Minerals lost 3.48%. gn Investors Remain Net Sellers

Foreign investors continued to reduce their overall exposure to Indonesian equities despite the index’s positive close.

Net foreign selling reached Rp160.43 billion in the regular market. Across all market segments, foreign investors recorded net sales of Rp153.02 billion after posting approximately Rp7.41 billion in net purchases through the cash and negotiated markets. ign flow was not uniform across individual stocks. Bank Mandiri attracted about Rp184.2 billion in net foreign purchases, while Aneka Tambang and Bank Rakyat Indonesia also recorded foreign inflows.

Telkom Indonesia registered one of the largest foreign outflows. Foreign investors also reduced their positions in Bumi Resources Minerals, Astra International, Bank Central Asia and Energi Mega Persada. he market’s 11 sectoral indexes finished higher. The basic industry segment led the gains with a 0.76% increase, while the healthcare segment was the weakest performer, falling 1.08%. Street Gains Provide External Support

The global backdrop was relatively constructive. Major US equity indexes closed higher, with the Dow Jones Industrial Average rising 0.29% to 52,658.

The S&P 500 advanced 0.38% to 7,572, while the technology-heavy Nasdaq Composite gained 0.62% to finish at 26,269. an market participants were also assessing changes to the High Shareholding Concentration list after another 37 listed companies were added. Investors continued to watch for possible further additions.

The iShares MSCI Indonesia ETF, known by its EIDO ticker, declined 0.50%. The MSCI Indonesia Index was nearly unchanged, slipping just 0.05%. Coffee Deploys IPO Proceeds for Expansion

Corporate developments provided several stock-specific themes.

PT Fore Kopi Indonesia Tbk. reported that it had used Rp166.71 billion of its initial public offering proceeds as of June 30, 2026. The funds were primarily allocated to opening new outlets and injecting additional capital into subsidiaries.

The coffee retailer received Rp337.20 billion in net IPO proceeds. After its initial spending, approximately Rp170.49 billion remained available.

The unused proceeds were held in current accounts at Bank Mandiri. Around Rp170.44 billion earned annual interest of 5%, while Rp50.86 million earned an annual rate of 0.40%.

Fore Coffee plans to deploy the remaining balance gradually in accordance with the use-of-proceeds plan described in its prospectus, with spending expected to continue through the end of 2026. esian Paradise Property Targets Regional Growth

PT Indonesian Paradise Property Tbk., or INPP, is expanding its regional property portfolio through 23 Semarang Shopping Center and the 88 Plaza Balikpapan mixed-use development.

The strategy is intended to increase the contribution of recurring income from operating property assets.

More than 30,000 people have visited 23 Semarang Shopping Center since it began operating. At 88 Plaza Balikpapan, roughly 40% of the initial shophouse offering has already been sold. irst-quarter results also showed a marked improvement. Revenue rose 14.14% year-on-year to Rp326.91 billion from Rp286.40 billion.

Operating profit increased 29.95% to Rp41.11 billion from Rp31.64 billion. The company recorded a net profit of Rp44.07 billion, reversing a Rp132.87 billion net loss in the first quarter of 2025. , INPP is targeting revenue growth of between 5% and 10% from its 2025 revenue base of Rp1.74 trillion. New projects, the optimization of existing assets and further mixed-use development are expected to support that target.

Multipolar Technology Prepares 1-for-25 Stock Split

PT Multipolar Technology Tbk., or MLPT, is preparing to conduct a 1-for-25 stock split.

Under the transaction, each existing share will be converted into 25 new shares. The par value will fall from Rp100 to Rp4 per share, while the number of issued and fully paid shares will increase from 1.875 billion to 46.875 billion.

The transaction will not change the company’s total paid-up capital and will not create fractional shares. ders approved the plan at an extraordinary general meeting held on June 29, 2026.

Trading of shares carrying the old par value in the regular and negotiated markets is scheduled to end on July 20. Trading under the adjusted par value will begin in those markets on July 21, followed by the cash market on July 23, 2026. ng Levels to Watch

These price levels were included in a market review published on July 16, 2026. They may become invalid as market prices, liquidity conditions and broader sentiment change. imer:** This article is provided solely for informational and educational purposes. It does not constitute personalized investment advice, a recommendation, or an invitation to buy or sell any security. Investors should conduct their own research and consider their objectives and risk tolerance before making investment decisions.