Executive Summary

Key insights and market outlook

The Indonesian Composite Index (IHSG) closed at 8,618.20, down 0.68% or 59.15 points on Thursday, December 18, 2025 ⁴

. The decline was influenced by regional market pressures and profit-taking activities by investors ³. Despite this, the index still shows positive growth of 2.35% monthly and 21.73% year-to-date ⁴.

Full Analysis

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Deep Dive Analysis

Indonesian Stock Market Analysis: IHSG Decline and Market Dynamics

IHSG Performance on December 18, 2025

The Indonesian Composite Index (IHSG) experienced a decline on Thursday, December 18, 2025, closing at 8,618.20, representing a decrease of 0.68% or 59.15 points ⁴

. This movement was largely influenced by the weakening of regional markets and profit-taking activities among investors ³.

Market Statistics

During the trading session, the IHSG opened at 8,705 and reached a high of 8,730.70 before closing at 8,618.20. The total trading volume reached 37.70 billion shares with a transaction value of Rp 23.626 trillion ⁴

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Sectoral and Stock Performance

The market decline was characterized by 411 declining stocks, 252 advancing stocks, and 138 unchanged stocks ³

. Notable stocks that contributed to the index's movement included BBRI, which rose 1.63%, and MORA, which surged 8.69% ⁵. Conversely, stocks like EMTK (-9.18%) and FILM (-9.85%) experienced significant declines ⁵.

Market Sentiment and Future Outlook

Analysts attribute the IHSG's decline to rupiah depreciation against the US dollar and global market uncertainties ³

. Despite the short-term weakness, the IHSG has shown positive growth of 2.35% monthly and 21.73% year-to-date, indicating underlying market strength ⁴.

Corporate Updates

PT Bank Tabungan Negara (BBTN) reported a net profit of Rp 2.91 trillion until November 2025, representing a 21.10% increase compared to the same period last year. The bank's credit disbursement grew by 8.74% to Rp 386.47 trillion ⁵
Source 5
https://finance.detik.com/bursa-dan-valas/d-8265414/ihsg-turun-tipis-ke-8-677-saham-bbri-hingga-mora-tahan-tekanan-pasar
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PT Alamtri Resources Indonesia Tbk (ADRO) announced an interim cash dividend of USD 250 million, equivalent to approximately Rp 4 trillion, sourced from its 2025 fiscal year profits ⁵
Source 5
https://finance.detik.com/bursa-dan-valas/d-8265414/ihsg-turun-tipis-ke-8-677-saham-bbri-hingga-mora-tahan-tekanan-pasar
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