IHSG Rises as Rupiah Weakens at Market Close

TEMPO.CO, Jakarta - The Composite Stock Price Index (IHSG) strengthened to reach 6,927 at the closing of today's trading session on Monday, June 30, 2025. Meanwhile, the value of the rupiah weakened by 44 points against the U.S. dollar.

Quoting the Indonesia Stock Exchange website, at the end of today's session, the IHSG closed up by 0.44 percent with a transaction value reaching Rp13.63 trillion. There were 1.15 million trades, with a trading volume of 20.81 billion shares.

The banking issuer BBRI (PT. Bank Rakyat Indonesia Tbk) became the most actively traded stock with a transaction frequency of 49,243 times. The transaction value reached Rp 1.02 trillion. This was followed by issuer ANTM (PT Aneka Tambang Tbk), traded 40,588 times with a total market cap of Rp788.2 billion. In the third position, there was stock BMRI (PT Bank Mandiri Tbk) traded 39,136 times.

Meanwhile, the spot rupiah closed weaker by 44 points at 16,238 per U.S. dollar. Currency observer Ibrahim Assuaibi predicted that the rupiah exchange rate will fluctuate tomorrow. "However, it closed higher in the range of Rp16,170 - Rp16,240 per U.S. dollar," he stated through his routine analysis on Monday, June 30, 2025.

The weakening of the rupiah is in line with the strengthening of the U.S. dollar. According to Ibrahim, the sentiments influencing the exchange rate movement are the additional agreement that will soon occur ahead of the deadline for implementing import tariffs on July 9.

Another sentiment is implementing the U.S.-UK trade agreement that came into effect on Monday, cutting car tariffs by up to 10 percent and eliminating import duties on aircraft parts. "However, the July 9 deadline is near for the possible re-implementation of import duties with other trading partners, and global steel and aluminum tariffs," he said.

Regarding geopolitics, Iran has shown signs of flexibility, moving towards diplomacy. This is because their representative at the UN said that Tehran is open to forming a regional nuclear consortium if an agreement with the U.S. is reached. The possibility of ending the Israel-Palestine conflict in two weeks also adds optimism from market players.

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