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Thursday, 29 October 2026

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Indonesian Stocks Enter Bull Market After Sharp Rebound From June Low

By Bernard Lee3 min read

Jakarta, 28 July 2026 – Indonesian equities have crossed into technical bull-market territory after the benchmark Jakarta Composite Index rebounded more than 20% from its early-June low, marking a sharp reversal for a market that had suffered one of Asia’s steepest sell-offs this year.

The index fell to about 5,318 points on 8 June as concerns over fiscal discipline, currency weakness and market transparency drove investors towards the sidelines. It subsequently climbed above the level required to confirm a technical bull market, briefly trading around 6,400 points during the latest phase of the recovery.

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Author

  • Bernard Lee

    Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.