Indonesian Stock Market Overview: IHSG Correction and Key Developments

Market Performance on November 25

The Indonesian Composite Index (IHSG) closed lower by 0.56% to 8,521.89 on November 25. The decline was influenced by mixed performance across various sectors and significant movements in several key stocks. Notable gainers included CASA, which surged 12.96%, DSSA rising 1.42%, and BUMI strengthening 8.26%. Conversely, major blue-chip stocks such as BBRI declined 3.77%, BREN corrected 4.69%, and AMMN dropped 4.23%, contributing to the index's overall decline.

Sectoral Performance and Market Dynamics

The trading session saw varied sectoral performance. The property sector experienced the largest decline, falling 0.94%. In contrast, the industrial goods sector recorded the highest gain, rising 3.10%. Foreign investors were net sellers, recording a significant outflow of Rp1.50 trillion in the regular market, with total net selling across all markets amounting to Rp308.05 billion.

Corporate Developments

Several corporate announcements captured market attention. Impack Pratama Industri (IMPC) signed a significant Memorandum of Understanding (MoU) for a project in Bali, potentially boosting the company's prospects. Additionally, Abadi Lestari Indonesia (RLCO) is preparing for its Initial Public Offering (IPO), marking a significant milestone in the company's growth trajectory.