Indonesian stocks edge higher as MLPT prepares 1:25 split

The Jakarta Composite Index (IHSG) closed slightly higher on Wednesday, rising 0.04% to 6,041.97.

The modest gain came despite net selling by foreign investors, indicating underlying domestic support for the market.

96%. These blue-chip performers helped offset broader selling pressure.

Banking stocks provided the primary lift for the index.

Bank Rakyat Indonesia (BBRI) shares climbed 1.07%, while Astra International (AMMN) rose 2.73% and Bank Mandiri (BMRI) advanced 0.96%.

These blue-chip performers helped offset broader selling pressure.

Corporate developments also drew attention.