The Indonesian Composite Index (IHSG) achieved an unprecedented milestone today, shattering its all-time high (ATH). This significant surge saw the index climb an impressive 57.19 points, or 0.68%, to close the first trading session at a record-breaking 8,419 on Wednesday, November 19th. This robust performance signals strong investor confidence in the Indonesian market.
Data from the Indonesia Stock Exchange (BEI) underscored a vibrant trading environment, with the total transaction value for the day soaring to Rp 20.66 trillion. This substantial activity involved a massive volume of 27.94 billion shares traded across 1.37 million transactions. Market breadth was largely positive, as 338 stocks recorded gains, while 279 experienced corrections, and 189 remained unchanged. The IHSG’s market capitalization reached an impressive Rp 15,398 trillion during this pivotal first session.
Amidst the IHSG’s upward trajectory, several significant crossing transactions were recorded, indicating substantial block trades outside the regular market. Leading these notable movements, PT Sampoerna Agro Tbk (SGRO) executed a colossal crossing transaction at a price of Rp 7,903, amounting to a staggering Rp 9.45 trillion in value, according to D’origin data.
This was closely followed by PT Bumi Resources Minerals Tbk (BRMS), which saw a substantial crossing transaction at Rp 911, totaling Rp 461.37 billion. Similarly, PT Bank Central Asia Tbk (BBCA), a key player in the financial sector, registered a significant crossing transaction at Rp 8,407, contributing Rp 454.20 billion to the day’s market activity.
The broad-based rally on the BEI saw ten out of its eleven sectors posting gains, highlighting widespread optimism. The energy sector emerged as the top performer, recording the largest increase of 1.90%. Within this thriving sector, PT Bumi Resources Tbk (BUMI) stood out with an impressive 10.28% rise, climbing to Rp 236 per share.
In stark contrast to Indonesia’s bullish market, other major Asian stock exchanges faced a day of downturns. The Shanghai Composite Index slipped by 0.04%, while Japan’s Nikkei also fell, albeit slightly, by 0.14%. Meanwhile, the Straits Times Index declined by 0.02%, and Hong Kong’s Hang Seng Index saw the most significant dip, retreating by 0.47%, underscoring the unique strength of the Indonesian market on this particular day.
Breaking down the day’s individual stock movements, the top gainers included:
- PT Tempo Intimedia Tbk (TMPO) soared 13.57% to Rp 226
- PT Bumi Resources Tbk (BUMI) climbed 10.28% to Rp 236
- PT Indokripto Koin Semesta Tbk (COIN) rose 5.50% to Rp 3,450
Conversely, the top losers for the session were:
- PT Sanurhasta Mitra Tbk (MINA) dropped 6.96% to Rp 214
- PT Krakatau Steel Tbk (KRAS) fell 5.15% to Rp 368
- PT Chandra Asri Pacific Tbk (TPIA) declined 2.67% to Rp 7,300
Summary
The Indonesian Composite Index (IHSG) achieved a new all-time high, closing its first trading session at 8,419 with a 0.68% increase on Wednesday, November 19th. This robust performance reflected strong investor confidence, with total transaction values on the Indonesia Stock Exchange reaching Rp 20.66 trillion. Notably, this surge occurred despite downturns in other major Asian stock exchanges.
A colossal crossing transaction by PT Sampoerna Agro Tbk (SGRO) for Rp 9.45 trillion was a significant market event, alongside substantial block trades from PT Bumi Resources Minerals Tbk (BRMS) and PT Bank Central Asia Tbk (BBCA). The market rally was broad-based, with ten out of eleven sectors gaining, led prominently by the energy sector.
