Indonesian stocks advanced, benchmark near bull‑market territory as investor sentiment buoyed by resilient economy and easing downgrade fears. Jakarta Composite Index rose up to 0.8% on Monday, moving from a June low to 20%.

Shares of PT Bank Central Asia and PT Merdeka Copper Gold delivered the biggest lift, pushing the index back toward the milestone. The gauge had flirted with the 20% level last month, signaling renewed confidence.

Market analysts note that easing concerns over potential downgrades and stronger domestic indicators have lifted sentiment. The rebound follows a period of volatility triggered by global rate hikes and trade uncertainties.

Investors remain watchful of external risks, but the current upward trajectory suggests that Indonesia’s market is poised for sustained growth, bringing the benchmark closer to long‑term bull‑market thresholds.