DBS: Indonesian stock market valuations are expected to rebound as the rupiah stabilizes

Golden Ten Data reported on June 18 that analysts from DBS Group stated in a report that the valuation of the Indonesian stock market is expected to be supported by the stabilization of the Indonesian Rupiah, as the exchange rate is a key factor influencing market sentiment. They noted that concerns about a narrowing trade surplus, high oil prices, and Indonesia's new export plans have put pressure on both the Rupiah and the stock market. DBS Group believes that lower oil prices, easing geopolitical tensions, and policy support from the Bank of Indonesia may help stabilize the Rupiah. Meanwhile, the group has lowered its forecast for the Jakarta Composite Index at the end of 2026 from 9,500 to 8,000, citing uncertainties arising from a weaker Rupiah.