Indonesian Stocks Near Bull Market as DCI Indonesia Profit Jumps 19%
Indonesian stocks are edging back toward bull-market territory, and one of the rally's clearest beneficiaries is an AU data center operator whose earnings are compounding regardless of what the rupiah does next.
The Jakarta Composite Index (JCI) has climbed 20% from its early-June low. That rebound follows a rough start to 2026, with the index still down 25% year to date, making it the worst-performing major benchmark globally.
The Rally's Foundations
Bank Indonesia raised rates by a combined 100 basis points in May and June, MSCI postponed a planned review of the country's market status until November, and S&P Global Ratings affirmed the sovereign credit rating.
President Prabowo Subianto's decision to scale back a costly free-meals program has also eased fears of fiscal slippage. Indonesia's economy grew 5.29% year over year in the second quarter, beating the 5.14% median estimate in a Bloomberg survey.
That backdrop is macro relief, not necessarily a structural bull case.
DCI Indonesia is where the two stories meet.
… Continue reading the full article at the original source below.
