The Jakarta Composite Index (IHSG) once again reached an all-time high (ATH), climbing 18.53 points or 0.22% to close at 8,337 in today’s trading session on Thursday (November 6). This record-breaking performance was driven by active buying from investors across the market.
Data from the Indonesia Stock Exchange (IDX) revealed robust trading activity, with a total transaction value reaching an impressive Rp 18.46 trillion this afternoon. This was accompanied by a trading volume of 25.96 billion shares across 2.39 million transactions. Market breadth indicated a largely positive sentiment, with 394 stocks strengthening, 259 experiencing corrections, and 158 remaining unchanged. The IHSG’s market capitalization for the day stood at a substantial Rp 15,231 trillion.
Among the most actively traded stocks by value were PT Bumi Resources Minerals Tbk (BRMS) and PT Barito Renewables Energy Tbk (BREN), both recent additions to the Morgan Stanley Capital International (MSCI) index. BRMS recorded a transaction value of Rp 1.21 trillion, with over 1.24 billion shares traded. Meanwhile, BREN saw approximately Rp 1.01 trillion in transactions, with a volume of 103 million shares.
Despite their high trading volumes, the performance of these two MSCI newcomers diverged. Shares of BREN posted a gain of 1.79%, closing at Rp 9,925, while BRMS experienced a notable decline, dropping 5.88% to settle at Rp 960.
Further Reading:
- BRMS and BREN Enter MSCI: Why Their Shares Fell and New Price Targets
- List of 15 Indonesian Stocks in MSCI Small Cap, WIFI, RAJA, and ENRG Among New Entrants
Beyond BRMS and BREN, PT Petrosea Tbk (PTRO) also registered significant activity, with a transaction value of approximately Rp 942.52 billion and a trading volume of 118.59 million shares.
Here is a detailed breakdown of the top-traded stocks by value:
Code
Company Name
Transaction Value (Rp)
Volume (Shares)
Price (Rp)
BRMS
PT Bumi Resources Minerals Tbk
1,215,754,031,000
1,241,326,600
960
BREN
PT Barito Renewables Energy Tbk
1,010,718,510,000
103,014,800
9,925
PTRO
PT Petrosea Tbk
942,528,127,500
118,597,100
7,925
BBCA
PT Bank Central Asia Tbk
772,437,685,000
89,756,900
8,550
COIN
PT Indokripto Koin Semesta Tbk (COIN)
723,317,163,000
222,988,200
3,080
TINS
PT Timah Tbk
633,103,086,000
219,816,000
2,810
BBRI
PT Bank Rakyat Indonesia (Persero) Tbk
521,805,730,000
130,808,100
4,000
Source: IDX data
A sectoral analysis of the eleven sectors on the IDX revealed a broad-based rally, with seven sectors experiencing gains. The industrial sector led the ascent, recording the largest increase of 2.08%. Notable within this sector, shares of PT Astra International Tbk (ASII) rose by 1.20% to Rp 6,325 per share, contributing to the positive sentiment.
In parallel with Indonesia’s strong performance, Asian stock markets generally trended upwards. The Hang Seng Index surged by 2.12%, the Shanghai Composite grew by 0.97%, the Straits Times advanced by 1.54%, and the Nikkei jumped by 1.34%, indicating a positive regional trading day.
Top Gainers:
- PT Raharja Energi Cepu Tbk (RATU) rose 5.85% to Rp 8,600
- PT Rukun Raharja Tbk (RAJA) gained 5.38% to Rp 4,310
- PT Petrosea Tbk (PTRO) increased 4.28% to Rp 7,925
Top Losers:
- PT Bumi Resources Minerals Tbk (BRMS) fell 5.88% to Rp 960
- PT Kalbe Farma Tbk (KLBF) dropped 5.30% to Rp 1,250
- PT Timah Tbk (TINS) declined 3.77% to Rp 2,810
Summary
The Jakarta Composite Index (IHSG) achieved an all-time high, closing at 8,337 with a 0.22% increase on Thursday (November 6). This record performance was driven by robust investor buying, leading to a substantial total transaction value of Rp 18.46 trillion and 25.96 billion shares traded. Market sentiment remained largely positive, with 394 stocks strengthening against 259 corrections.
PT Bumi Resources Minerals Tbk (BRMS), PT Barito Renewables Energy Tbk (BREN), and PT Petrosea Tbk (PTRO) emerged as investor favorites, exhibiting high transaction values. While BREN and PTRO saw gains, BRMS, despite being actively traded, experienced a decline. The positive trend was also reflected across seven of the eleven IDX sectors, with the industrial sector leading, and broadly mirrored in rising Asian stock markets.
