Indonesia's stock market started Friday's (July 3, 2026) trading session on a strong note, with the Composite Stock Price Index (IHSG) extending the gains recorded in the previous session. Investor optimism was evident from the opening bell as broad-based buying pushed the benchmark index higher.

At 9:00 a.m. WIB, the IHSG climbed 1.07%, or 61 points, to 5,806.17. Buying momentum accelerated during the first half hour of trading, lifting the index by approximately 2.39% to around 5,881.

Market activity remained robust, with trading value reaching roughly Rp2.59 trillion. Around 5.57 billion shares changed hands across approximately 358,000 transactions. Advancing stocks significantly outnumbered decliners, with 460 gainers, 101 losers, and 155 issues closing unchanged during the early session.

The most actively traded stocks by transaction value included BBCA, BBRI, BMRI, BRPT, and TPIA. According to Refinitiv data, every sector on the exchange traded in positive territory, led by utilities, basic materials, financials, and technology.

Large-cap stocks were the primary drivers of the rally, particularly major banks, state-owned enterprises, and leading conglomerates. Bank Central Asia provided the largest contribution to the benchmark's advance, adding about 13.27 index points. Bank Mandiri followed with approximately 9 points, while Bank Rakyat Indonesia and Bank Negara Indonesia contributed around 4.39 and 2.98 points, respectively.

Among conglomerate-related stocks, AMMN, BREN, and DCII also ranked among the biggest contributors to the market's gains. Astra International added roughly 5.72 index points, while state-owned companies Aneka Tambang and Telkom Indonesia each contributed approximately three points to the benchmark's performance.

State-owned enterprises broadly traded higher throughout the session. The positive sentiment was reinforced after Danantara announced that it had completed the consolidated financial reports of state-owned companies through December 2025, highlighting the sector's improving performance through April 2026.

Conglomerate stocks also posted broad gains, while major commercial banks in the KBMI III and KBMI IV categories advanced alongside gold and nickel mining companies.

External developments also supported investor sentiment. Ahead of the United States' 250th Independence Day celebration on July 4, the latest U.S. employment data delivered mixed signals but generally pointed to a moderation in economic activity. The figures strengthened expectations that the Federal Reserve may keep interest rates unchanged at its upcoming meeting while continuing to assess inflation trends. If labor market conditions continue to soften and inflation eases further over the coming months, the likelihood of additional rate hikes could diminish.

Meanwhile, the U.S. Dollar Index slipped to 100.856, its lowest level since June 19, 2026. The weaker dollar suggested investors were reducing their exposure to the U.S. currency, a development that could provide support for the Indonesian rupiah and improve sentiment across domestic financial markets.

Across Asia-Pacific, equity markets delivered mixed performances as investors continued rotating away from technology shares following weakness in the U.S. technology and semiconductor sectors during the previous trading session.

Japan's Nikkei 225 opened 0.86% lower, while the broader Topix index gained 0.34%. South Korea's Kospi advanced 0.97%, although the smaller-cap Kosdaq index declined 1.12%. Australia's S&P/ASX 200 also traded higher, posting a gain of around 0.42%.

Hong Kong's Hang Seng futures traded at approximately 23,061, slightly above the previous closing level of 23,055.03.

Asian market movements followed a mixed close on Wall Street. The Dow Jones Industrial Average reached a fresh record closing high after weaker-than-expected June employment data increased expectations that the Federal Reserve could eventually begin easing monetary policy. The Dow surged 594.83 points, or 1.14%, to finish at a record 52,900.07, after touching an intraday high of 52,903.85.

The S&P 500 finished almost unchanged, edging up by less than one point to close at 7,483.24. In contrast, the Nasdaq Composite declined 0.8% to end the session at 25,832.67.