4 Big Bank Stocks Uniformly Gain After The Fed Raises Interest Rates

JAKARTA, KOMPAS.com – Four jumbo market capitalization bank stocks, or big banks, uniformly rose by the end of the first trading session at the Indonesia Stock Exchange (IDX) on Thursday (17/9/2026).

The gains among the big bank stocks came a day after the U.S. central bank, Federal Reserve (The Fed), raised its benchmark interest rate by 25 basis points to a range of 3.75 percent to 4 percent.

Shares of PT Bank Mandiri Tbk (BMRI) recorded the largest increase among the four banks, rising 1.88 percent to Rp 4,340 per share.

Next, PT Bank Rakyat Indonesia Tbk (BBRI) shares climbed 0.6 percent to Rp 3,350, while PT Bank Central Asia Tbk (BBCA) shares rose 0.4 percent to Rp 6,350.

Meanwhile, PT Bank Negara Indonesia Tbk (BBNI) shares increased 0.27 percent to Rp 3,740 per share.

The surge in jumbo bank stocks coincided with gains in the Indonesia Composite Index (IHSG) during the first session.

IHSG closed the first session at 6,463.61, up 26.76 points or 0.42 percent compared to the previous close of 6,436.85.

Throughout the first session, IHSG fluctuated between 6,418.13 and 6,500.41. A total of 394 stocks advanced, 245 declined, and 324 remained unchanged.

The total stock transaction value reached Rp 7.869 trillion with a trading volume of 16.18 billion shares. The transaction frequency was recorded at 1.111 million times, while market capitalization approached approximately Rp 11,289 trillion.

Although the big banks rose together, the financial sector index only edged up 0.16 percent to 1,376.53.

The energy sector was the largest gainer in the first session, increasing 1.16 percent, followed by the primary consumer goods sector up 0.89 percent, and the industrial sector gaining 0.74 percent.

The Fed raised its benchmark interest rate by 25 basis points to a range of 3.75 percent to 4 percent on Wednesday (16/9/2026).

This rate hike demands attention as U.S. interest rates can influence the appeal of global financial assets.

Interest rate changes can also impact foreign capital flows, exchange rates, and liquidity conditions in emerging markets.

In the latest projections, most Fed officials still expect rates to remain above the midpoint of the current range by the end of 2026.