JAKARTA – The Indonesia Stock Exchange (IDX) Composite Index, widely known as IHSG, recently shattered its previous record, soaring to a new all-time high (ATH) near the 8,400 level. This remarkable achievement on Friday, November 7, 2025, saw the IHSG close up 0.69% at 8,394.59, a significant milestone heavily bolstered by stellar performances from companies affiliated with conglomerate Prajogo Pangestu. This closing figure marks a fresh all-time high for the benchmark index.
Throughout the day’s trading, the IHSG demonstrated dynamism, fluctuating within a range of 8,332 and 8,398. Market activity reflected broad participation, with 288 stocks strengthening, 319 weakening, and 202 remaining stagnant. The total market capitalization reached a staggering Rp15,346 trillion, driven by a robust trading volume of 25.3 billion shares valued at Rp15.35 trillion.
A notable driver behind the IHSG’s ascent was the strong showing of several Prajogo Pangestu-affiliated stocks, which predominantly closed in the green ahead of the weekend. PT Petrosea Tbk. (PTRO) led the charge, experiencing a significant leap of 7.89% to close at Rp8,550 per share.
Similarly, PT Petrindo Jaya Kreasi Tbk. (CUAN) saw an impressive gain of 8.02%, reaching Rp2,290 per share, while PT Chandra Daya Investasi Tbk. (CDIA) advanced by 5.51% to Rp1,915 per share. Other group members also contributed positively, with PT Barito Pacific Tbk. (BRPT) and PT Barito Renewables Energy Tbk. (BREN) recording modest increases of 0.56% and 0.5% respectively, closing at Rp3,590 and Rp9,975 per share.
The only exception among the conglomerate’s portfolio was PT Chandra Asri Pacific Tbk. (TPIA), which remained stagnant or unchanged at Rp7,050 per share.
Commenting on the buoyant market, Inarno Djajadi, Chief Executive of Capital Market, Derivative Finance, and Carbon Exchange Supervision at the Financial Services Authority (OJK), affirmed that both the IHSG and market capitalization have consistently set new all-time high records recently. During the OJK’s Monthly Board of Commissioners Meeting on Friday, November 7, 2025, Djajadi emphasized that “the domestic capital market’s performance continues its positive trend, underpinned by improving global sentiment and a resilient domestic economy.”
This positive momentum was also evident in market liquidity. The average daily transaction value (RNTH) in the stock market soared to a new ATH of Rp25.06 trillion in October 2025. Year-to-date (YtD) until October 2025, the RNTH stood at Rp16.62 trillion, marking a significant increase from Rp12.85 trillion recorded in 2024.
The robust performance of the Indonesian stock market has attracted substantial foreign investment. October 2025 witnessed a net foreign buy of Rp12.96 trillion, marking one of the largest monthly net purchases this year. This significant inflow helped alleviate the year’s earlier net foreign sell pressures, reducing the total year-to-date net foreign sell to Rp39.24 trillion.
According to Djajadi, the impressive performance of the Indonesian stock market is largely fueled by domestic investors. As of October 2025, the domestic capital market welcomed an additional 520,000 new investors. Cumulatively, throughout 2025, the total number of investors in the capital market has surged by 4.31 million, reaching 19.18 million—a remarkable increase of 29.61%.
Earlier, Phintraco Sekuritas Research Team highlighted that optimism surrounding an improving domestic economy in Q4 2025, coupled with the announcement of the quarterly MSCI index review, had served as crucial positive catalysts for the IHSG on November 7, 2025.
Phintraco Sekuritas also noted that investors keenly anticipated Indonesia’s foreign exchange reserves data for October. Bank Indonesia reported that foreign exchange reserves climbed to US$149.9 billion by the end of October 2025, an increase from US$148.7 billion in the preceding month. Meanwhile, global markets kept an eye on the US, where the preliminary Michigan Consumer Sentiment for November was expected to be released, projected at 53.2, slightly down from 53.6 in October 2025.
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Summary
The Indonesia Stock Exchange (IHSG) achieved a new all-time high on Friday, November 7, 2025, closing at 8,394.59, heavily supported by stellar performances from companies affiliated with conglomerate Prajogo Pangestu. Stocks such as PT Petrosea (PTRO), PT Petrindo Jaya Kreasi (CUAN), and PT Chandra Daya Investasi (CDIA) recorded significant gains. The Financial Services Authority (OJK) affirmed that this positive trend is underpinned by improving global sentiment and a resilient domestic economy.
The domestic capital market’s performance saw the average daily transaction value reach a new all-time high of Rp25.06 trillion in October 2025, attracting a net foreign buy of Rp12.96 trillion. Domestic investors were a significant driving force, with an additional 520,000 new investors in October, contributing to a total surge of 4.31 million investors in 2025. This momentum was also fueled by optimism surrounding the improving domestic economy and the MSCI index review.
