January 7, 2026 | 07:43 pm
TEMPO.CO, Jakarta - The Indonesia Composite Index (IHSG) closed higher on Wednesday afternoon, January 7, 2026, as market participants anticipated a benchmark interest rate cut by the U.S. Federal Reserve (the Fed) this year. The IHSG gained 11.19 points or 0.13 percent to reach 8,944.80. Meanwhile, the LQ45 index of leading stocks rose 6.26 points or 0.72 percent to 871.32.
"The market seems to have expectations regarding the monetary policy easing to be carried out by the Fed this year," said Maximilianus Nico Demus, Associate Director of Research and Investment at Pilarmas Investindo Sekuritas, in a review in Jakarta on Wednesday.
Globally, Nico explained that optimism for a Fed rate cut follows a decline in the U.S. services sector Purchasing Managers' Index (PMI) from 52.9 to 52.5.
Moreover, he mentioned that positive sentiment also stemmed from the People's Bank of China, which signaled interest rate cuts and reserve requirement reductions to stabilize growth and ensure liquidity.
The IHSG opened in the green and maintained its position throughout the first trading session. In the second session, the index remained in positive territory until the market closed.
Based on the IDX-IC Sectoral Index, eight sectors gained. The industrial sector led with a 2.23 percent rise, followed by non-primary consumer goods and raw materials, which increased by 1.62 percent and 0.92 percent, respectively.
Meanwhile, three sectors weakened. The transportation and logistics sector declined the most by 1.03 percent, followed by primary consumer goods and technology, which decreased by 0.64 percent and 0.32 percent, respectively.
Trading frequency recorded 4,576,949 transactions with 70.56 billion shares traded, valued at Rp36.87 trillion. A total of 344 stocks rose, 362 fell, and 104 remained unchanged.
In regional Asian markets, the Nikkei index fell 547.00 points or 1.04 percent to 51,971.10, and the Hang Seng index declined 251.50 points or 0.94 percent to 26,458.94. Conversely, the Shanghai index edged up 2.10 points or 0.05 percent to 4,085.77, while the Straits Times index rose 6.33 points or 0.13 percent to 4,746.31.
Read: Indonesia's IHSG Closes at All-Time High as Precious Metal Prices Strengthen
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