Bisnis.com, JAKARTA — The Jakarta Composite Index (IHSG) closed sharply higher, soaring 1.85% to reach a new All-Time High (ATH) of 8,570.25 during trading on Monday, November 24, 2025. Leading the charge were prominent stocks such as BREN, INET, and GOTO, all registering significant gains on the day.
According to data from RTI Infokom, the IHSG traded within a robust range of 8,429 to 8,570 throughout the day. The index ultimately solidified its record-breaking performance by closing at its new ATH of 8,570.25, reflecting strong investor confidence.
Market breadth painted a positive picture, with 343 stocks advancing, 297 declining, and 172 remaining unchanged. This bullish sentiment contributed to a substantial market capitalization, which reached an impressive Rp15,692 trillion.
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Among the standout performers, shares of PT Barito Renewables Energy Tbk. (BREN) surged by 2.79%, closing at Rp10,125 per share. This strong showing underscored continued interest in the renewable energy sector.
Similarly, PT Sinergi Inti Andalan Prima Tbk. (INET) witnessed a remarkable leap of 25%, with its shares reaching Rp675. Meanwhile, PT GoTo Gojek Tokopedia Tbk. (GOTO) also saw its shares climb to Rp65 following its recent management changes, signaling positive market reception to the organizational shift.
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GoTo Gojek Tokopedia Tbk – TradingView
Other key stocks that contributed to the IHSG’s strong performance included BRMS, which rose 3.54% to Rp1,025 per share, BBCA, which gained 0.89% to Rp8,475, and BMRI, which strengthened by 3.03% to Rp5,100, collectively bolstering the broader market rally.
The Research Team at Pilarmas Investindo Sekuritas indicated that the recent MSCI index rebalancing provided significant support for the IHSG’s rally. However, they also advised caution, noting that such rebalancing events often create “sell on news” opportunities, prompting investors to engage in profit-taking.
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Globally, market participants demonstrated a keen response to dovish signals emanating from the U.S. Federal Reserve. New York Fed President John Williams hinted at the possibility of a third interest rate cut this year, citing a weakening labor market. This sentiment suggests that short-term rate reductions remain plausible, as a softening job market poses a greater economic risk than persistently high inflation.
Further reinforcing this outlook, the CME Fedwatch Tools now project an approximately 69% probability of a 25-basis-point rate cut in December, a notable increase from 44% just a week prior. This growing consensus around a potential rate cut significantly influenced market optimism, both domestically and internationally.
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Summary
The Jakarta Composite Index (IHSG) closed sharply higher on Monday, November 24, 2025, surging 1.85% to reach a new All-Time High of 8,570.25. This record performance was underpinned by a positive market breadth, with 343 advancing stocks, and a substantial market capitalization of Rp15,692 trillion. Key stocks contributing to the rally included BREN, INET, and GOTO, all of which posted significant gains.
The rally was partly attributed to the recent MSCI index rebalancing, though analysts advised caution regarding potential profit-taking. Globally, market optimism was fueled by dovish signals from the U.S. Federal Reserve, with hints of a possible third interest rate cut this year due to a weakening labor market. CME Fedwatch Tools now project a 69% probability of a December rate cut, further bolstering this sentiment.
