IHSG: Are Fundamental Big-7 Stocks Back in the Game?

Key Summary:
- IHSG could see $1.1bn passive inflows from MSCI
- US interest rate cut in September at 95% probability
- Sustainable inflows largely depends on earnings growth
IHSG is now only 208 points away from reaching the highly anticipated psychological level of 8,000 to mark Indonesia’s 80th year of independence in August 2025.
The Indonesian equity index is up +3.4% WoW to 7,792, driven by conglomerate plays such as BREN (+15%), DSSA (+6%) and fundamental stocks like BBCA (+6%), BBRI (+9%) and TLKM (+8%).