Indonesian Composite Index Ends Winning Streak, Drops 0.22%

Market Overview

The Indonesian Composite Index (IHSG) ended its six-day winning streak on January 8, 2025, closing 0.22% lower at 8,925.47 ¹

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Source 2

https://investasi.kontan.co.id/news/ihsg-terkoreksi-cek-rekomendasi-teknikal-saham-arto-avia-mina-jumat-91

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Source 3

https://investasi.kontan.co.id/news/ihsg-berpotensi-lanjutkan-koreksi-simak-saham-rekomendasi-analis-untuk-jumat-91

. The index had reached a new all-time high of 9,002.92 earlier in the day before succumbing to selling pressure. Despite the decline, the IHSG still recorded a 3.22% weekly gain ¹

Source 1

https://pusatdata.kontan.co.id/news/ihsg-anjlok-usai-sentuh-rekor-baru-apa-pemicunya

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Trading Activity

Total trading volume on the Indonesia Stock Exchange reached 54.78 billion shares with a transaction value of Rp 28.45 trillion ²

. Out of 810 stocks traded, 302 advanced, 370 declined, and 138 remained unchanged. Foreign investors maintained their buying momentum with a net purchase of Rp 950.23 billion across all markets ¹

Source 1

https://pusatdata.kontan.co.id/news/ihsg-anjlok-usai-sentuh-rekor-baru-apa-pemicunya

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Sectoral Performance

Six sectoral indices closed in negative territory, led by the basic materials sector which dropped 3.22% ⁴

. Other declining sectors included technology (-1.10%), non-primary consumer goods (-0.90%), finance (-0.45%), industrials (-0.9%), and healthcare (-0.14%) ⁵

Source 5

https://investasi.kontan.co.id/news/ihsg-tergelincir-022-ke-8925-top-losers-lq45-antm-admr-dan-nckl-kamis-81

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Foreign Investor Activity

Foreign investors recorded significant net buys in several stocks, including:

• PT Amman Mineral Internasional Tbk (AMMN): Rp 411.4 billion
• PT Bank Rakyat Indonesia Tbk (BBRI): Rp 197.3 billion
• PT Astra International Tbk (ASII): Rp 164 billion ¹
  Source 1

  https://pusatdata.kontan.co.id/news/ihsg-anjlok-usai-sentuh-rekor-baru-apa-pemicunya

Conversely, they recorded net sells in:

• PT Aneka Tambang Tbk (ANTM): Rp 328.5 billion
• PT Bangun Kosambi Sukses Tbk (CBDK): Rp 190.9 billion
• PT Bank Mandiri Tbk (BMRI): Rp 129.2 billion ¹
  Source 1

  https://pusatdata.kontan.co.id/news/ihsg-anjlok-usai-sentuh-rekor-baru-apa-pemicunya

Analyst Insights

Reza Diofanda from BRI Danareksa Sekuritas noted that despite reaching a new all-time high, the IHSG failed to maintain its gains due to profit-taking and selling pressure on large-cap stocks such as BBCA, DCII, IMPC, and ANTM ³

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Technical Outlook

The correction is expected to continue as analysts suggest monitoring key support levels. The market is likely to remain volatile with potential opportunities in stocks that have strong fundamentals ²

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