Executive Summary

Key insights and market outlook

The Indonesian Composite Index (IHSG) rose to 8,715.033, a 0.33% gain, led by the infrastructure sector which surged 2.57%. Other sectors like energy and raw materials also contributed positively. Despite some volatility, analysts expect mixed movement in the coming days due to global uncertainties and investor caution ¹

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Full Analysis

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Deep Dive Analysis

Indonesian Stock Market Gains Momentum Led by Infrastructure Sector

Market Overview

The Indonesian Composite Index (IHSG) continued its upward trend, reaching 8,715.033 by mid-day trading on December 17, 2025, representing a 0.33% increase ¹

. This growth was primarily driven by the infrastructure sector, which saw a significant surge of 2.57%. Other contributing sectors included energy with a 1.47% gain and raw materials, which rose by 0.69% ¹.

Sectoral Performance

Most sectoral indices ended in positive territory, with notable performances from the transportation and logistics sector, as well as the primary consumer goods sector, both gaining 0.6%. The financial sector also showed resilience with a 0.37% increase. Conversely, the technology sector was the biggest laggard, declining by 1.45%, followed by non-primary consumer goods which dropped by 1.41% ¹

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Market Sentiment and Outlook

Analysts from various securities firms noted that while the market showed positive momentum, there was a prevailing sense of caution among investors. This cautious stance is attributed to heightened global uncertainties and the anticipation of key economic data releases and central bank meetings this week ²

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The IHSG's previous day performance was characterized by a 0.43% gain to 8,686.47, despite mixed movements in blue-chip stocks. Some stocks like DSSA rose by 6.10%, while others such as BBCA fell by 2.71% ⁵

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Technical Analysis

Technical indicators suggest that the IHSG's upward momentum may be challenged in the coming days. The MACD indicator showed a declining trend, and the RSI has begun to flatten, signaling potential weakness ³

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Analyst Predictions

For the next trading day, analysts predict a mixed market with a potential bias towards weakness, with support at 8,635 and resistance at 8,735 ³