Executive Summary

Key insights and market outlook

The Indonesian Composite Index (IHSG) reached a new all-time high of 8,944.81 on January 7, 2026, marking a 0.13% increase ³

. This follows a consistent upward trend since early 2026, with foreign investors recording a net buy of Rp 201.16 billion ⁵. The index is expected to potentially test the 9,000 level in January 2026 as foreign capital inflow continues ⁶.

Full Analysis

02

Deep Dive Analysis

Indonesian Stock Market Reaches New Heights

Record-Breaking Performance

The Indonesian Composite Index (IHSG) achieved a new all-time high of 8,944.81 on January 7, 2026, representing a 0.13% increase or 11.20 points ³

. This performance continues the index's upward trajectory observed since the beginning of 2026. The IHSG has now recorded six consecutive trading days of growth, demonstrating strong market momentum ²⁶.

Sectoral Performance

The rise in IHSG was supported by gains in multiple sectors. On January 7, 10 out of 11 sectoral indices were in positive territory, with the raw materials sector showing the strongest growth at 3.35% ²

. Other notable performers included the industrial sector up 2.14%, energy sector rising 1.62%, and technology sector gaining 1.57% ².

Foreign Investor Activity

Foreign investors played a significant role in the market's positive performance, recording a net buy of Rp 201.16 billion across all markets on January 7 ⁵

. The net buy activity was particularly notable in stocks such as PT Aneka Tambang Tbk (ANTM) with Rp 614.2 billion, PT Bank Rakyat Indonesia Tbk (BBRI) with Rp 247.9 billion, and PT Vale Indonesia Tbk (INCO) with Rp 195.8 billion ⁵.

Market Outlook

Market analysts remain optimistic about the IHSG's prospects for January 2026. Hendra Wardana, Founder of Republik Investor, noted that while some profit-taking is possible in the short term, the overall outlook remains constructive ⁶

. The continued foreign capital inflow and maintained market liquidity are expected to support the index's potential move toward the 9,000 level ⁶.

References