Indonesian Stock Market Gains Momentum Following US Shutdown Resolution

Positive Sentiment Drives IHSG Higher

The Indonesian Composite Stock Price Index (IHSG) closed higher on November 12, 2025, rising 0.26% to 8,388 ⁴

. This gain was primarily attributed to the positive global sentiment following the end of the US government shutdown, which had lasted for 41 days ¹

Source 1

https://finance.detik.com/bursa-dan-valas/d-8207534/ihsg-ditutup-menguat-ke-level-8-388

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Foreign Investor Activity

Foreign investors contributed to the market's positive performance with inflows of Rp 337.06 billion in the regular market and Rp 1.23 trillion across all markets ¹

. This influx of foreign capital was a significant factor in the IHSG's daily gain.

Analyst Insights

According to Harry Su from Samuel Sekuritas Indonesia, the IHSG's strengthening was driven by positive global sentiment as the end of the US shutdown reduced external risks and attracted foreign capital to emerging markets, including Indonesia. However, he noted that the impact is likely to be short-term rather than fundamental ¹

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Liza Camelia Suryanata from Kiwoom Sekuritas Indonesia added that the rise in global indices like Dow Jones and S&P 500 created a positive ripple effect in Asian markets. The end of the shutdown also allowed for the release of important US economic data, such as nonfarm payroll and CPI inflation for October ²

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Market Performance Details

On the trading day, the IHSG opened at 8,392, reached a high of 8,428, and had a low of 8,377. The index recorded a trading volume of 51.32 billion shares worth Rp 22.342 trillion, with 2,682,643 transactions ⁴

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Outlook and Domestic Factors

Nafan Aji Gusta from Mirae Asset Sekuritas Indonesia noted that despite the potential for global risk appetite to return to the US market, the IHSG remained positive. Domestic stability, reinforced by the inclusion of the Rupiah Redenomination Bill in the National Legislation Program (Prolegnas), maintained investor confidence ³

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