Indonesian Composite Index Reaches New Record High

Technical Breakout Confirms Bullish Trend

The Indonesian Composite Index (IHSG) achieved a significant milestone by breaking through the 8,600 psychological level, closing at 8,602.13 with a 0.94% gain on November 26. This new all-time high was supported by strong technical indicators, with the index maintaining its position above both the 5-day (MA5) and 20-day (MA20) moving averages.

Key Drivers of Market Performance

The market's upward movement was led by stocks such as DSSA, which recorded a 3.54% increase during the trading session. According to Valdy Kurniawan, Head of Research and Education at Phintraco Sekuritas, the technical indicators suggest that the index has potential for further gains as it remains above critical moving averages.

Market Outlook and Technical Analysis

The successful breach of the 8,600 level is considered a positive technical signal. With the index currently trading above both MA5 and MA20, analysts are optimistic about the short-term prospects for the IHSG. The maintenance of this position above key moving averages typically indicates continued investor confidence and potential for further market appreciation.