Jakarta, IDN Times – The Jakarta Composite Index (IHSG) on Monday, November 24, 2025, achieved an unprecedented milestone, soaring past the 8,500 level for the first time in its history. According to data from IDX Mobile, Indonesia’s benchmark stock index closed with robust gains, rising by 115.9 points or 1.85 percent to settle at 8,570.25.
This latest all-time high (ATH) comes after a year of remarkable performance. The Indonesia Stock Exchange (IDX) had previously reported that the IHSG had already recorded 13 ATHs earlier in 2025. “Despite a significant correction in the first half of 2025, the IHSG demonstrated remarkable resilience, achieving 13 all-time highs in 2025,” stated I Gede Nyoman Yetna, Director of Company Listing and Assessment at IDX, on November 6, 2025.
The IHSG’s upward trajectory saw it consistently trade around the 8,000 level since August 2025. This significant milestone was initially reached on Friday, August 15, at 10:26 AM WIB, just ahead of Indonesia’s 80th Independence Day celebrations. Although the index briefly retreated into the 7,000s, it swiftly rebounded, reclaiming the 8,000 mark by mid-September 2025, showcasing underlying market strength.
Despite its numerous record-breaking performances, the IHSG also endured periods of significant volatility this year. On March 18, 2025, the index experienced a sharp downturn, plummeting by 6.12 percent or 395.87 points to 6,076.08. Subsequently, on April 8, 2025, the IHSG again suffered a steep decline, collapsing by 596.33 points or 9.16 percent, which led to a temporary trading halt at 5,914.28.
This dramatic market movement prompted the IDX to revise its trading halt regulations, adjusting the threshold for a 30-minute halt from a decline of more than 5 percent to 8 percent. This new provision, as stated in an official IDX announcement, was implemented to ensure orderly, fair, and efficient securities trading, serving as an emergency measure for market stability. Further trading halts would be triggered by a drop exceeding 15 percent. A third halt would occur if the IHSG fell by more than 20 percent on the same day, potentially leading to a suspension until the end of the trading session or longer, subject to approval or instruction from the Financial Services Authority (OJK).
Several key factors underpinned the IHSG’s robust performance today. According to Valdy Kurniawan, Head of Research at Phintraco Sekuritas, the MSCI index rebalancing, effective today, played a crucial role. Notably, shares of PT Barito Renewables Energy Tbk (BREN) and PT Bumi Resources Minerals Tbk (BRMS) experienced sharp gains after successfully being included in the MSCI Global Standard Index. Furthermore, the Indonesian Rupiah strengthened against the US Dollar, mirroring a broader trend of Asian currency appreciation driven by growing expectations of an interest rate cut by the Federal Reserve.
“Technically, the IHSG closed strong, moving above its MA5 level and successfully breaking out of its consolidation range to reach a new high,” Valdy explained. He expressed optimism for continued upward momentum, projecting the IHSG to potentially advance towards the psychological level of 8,600. “Both the MACD and Stochastic RSI indicators also signal prospects for sustained strengthening. Therefore, from a technical perspective, the IHSG has a clear opportunity to continue its advance towards the 8,600 level,” he concluded.
Summary
The Jakarta Composite Index (JCI) reached an unprecedented all-time high of 8,570.25 on November 24, 2025, marking its 14th record high in 2025 with a 1.85 percent gain. This milestone followed a year of remarkable resilience despite an earlier significant correction, with the JCI consistently trading around the 8,000 level since August 2025.
Despite its robust performance, the JCI experienced significant volatility, including sharp declines in March and April that prompted the IDX to revise its trading halt regulations. The recent surge was largely driven by the MSCI index rebalancing, which saw the inclusion of shares like BREN and BRMS, alongside a strengthening Indonesian Rupiah amid expectations of a US Federal Reserve interest rate cut.
