Executive Summary

Key insights and market outlook

The Indonesian Stock Exchange (IHSG) ended 2025 with a slight gain of 0.03% ¹

³, closing at 8,646.93, despite failing to break the 9,000 level. This performance is attributed to low liquidity and a mixed sectoral performance ². The index experienced a volatile trading session ⁴, with 346 stocks rising, 317 falling, and 146 remaining stagnant. As the market enters 2026, analysts predict potential consolidation due to ongoing economic uncertainties.

Full Analysis

02

Deep Dive Analysis

Indonesian Stock Exchange Closes 2025 with Mixed Performance

Slight Gain Despite Low Liquidity

The Indonesian Stock Exchange (IHSG) ended 2025 on a positive note, albeit with a slight gain of 0.03% ¹

³, closing at 8,646.93. This outcome is a reflection of the low liquidity that characterized the market throughout the year ². Despite the challenges, the IHSG managed to stay afloat, with 346 stocks rising and 317 falling ⁴. The sectoral performance was mixed, with six sectors gaining and five others declining ¹.

Volatile Trading Session Marks the End of 2025

The last trading session of 2025 was marked by volatility ⁴

, with the IHSG experiencing intraday highs and lows. The index reached a high of 8,663.66 and a low of 8,584.86 ³. Foreign investors were net sellers, with a total of Rp 937.79 billion in net sales ⁵. The top losers among the LQ45 index included ADRO, ANTM, and BBRI ².

Looking Ahead to 2026: Potential Consolidation

As the market enters 2026, analysts predict potential consolidation due to ongoing economic uncertainties ¹

. The low liquidity and mixed sectoral performance are expected to continue, making it challenging for the IHSG to break the 9,000 level ². However, positive trends in certain sectors, such as infrastructure and consumer goods, may provide opportunities for growth ⁴.

References