Key Points
- The Indonesia Stock Exchange's (BEI) main index, IHSG, gained 1.10 percent to rise to 6,108.21 points on July 16, 2026.
- RANS, EMMI, and BACH shares, which had their IPOs in early July, fell as investors took profits.
- While domestic investors made purchases supporting the index's rise, foreign investors carried out sale-weighted transactions.
- Economists point out that the number of IPOs in 2026 has decreased compared to last year and the market is still under pressure.
By the Numbers
New stocks that started trading on the Indonesia Stock Exchange (BEI) in July 2026 began to lose their upward momentum. Despite the Composite Stock Price Index (IHSG), the exchange's main index, gaining 1.10 percent to rise to the 6,108.21 level during trading on Thursday, July 16, 2026, shares of some companies that came in through initial public offerings (IPOs) closed with a decline.
The company where this decline was most pronounced was PT Rans Entertainment Indonesia (RANS), which closed the day at the 254 level with a 6.62 percent loss. Additionally, PT Esa Medika Mandiri (EMMI) lost 2.95 percent and PT Bach Multi Global (BACH) lost 0.88 percent in value. Market analysts attribute this situation to investors taking profits (profit taking) following the positive performance of new stocks in their initial trading; it is noted that investors act more selectively toward new IPOs after the offering enthusiasm fades.
On the other hand, interest in IPOs generally remained high throughout July. BCA Chief Economist David Sumual emphasized that despite the intensity this month, the realization of IPOs in 2026 is significantly behind the previous year. While 26 companies went public in Indonesia in the first half of 2025, this number remained at only around seven by mid-July 2026, indicating that the market has not fully recovered yet.
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Frequently Asked Questions
- How did the main index (IHSG) on the Indonesia Stock Exchange perform on July 16?
- IHSG gained 1.10 percent with the purchases of domestic investors, finishing the day at the 6,108.21 level.
- Why did some new IPO shares lose value?
- Investors starting to take profits after the euphoria of the first days following the IPO caused a decline in these shares.
- How is the number of IPOs in Indonesia in 2026 trending compared to last year?
- As of mid-July, only 7 companies went public in 2026, while this figure was 26 in the same period of 2025.
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