Indonesian Stock Market Analysis - November 13, 2025

Market Overview

The Indonesian Composite Stock Price Index (IHSG) experienced a decline of 0.20% to close at 8,371.99 on Thursday, November 13, 2025. This movement was accompanied by significant trading activity, with a total volume of 58.75 billion shares and a transaction value of Rp 23.64 trillion. The market showed mixed performance with 345 stocks advancing, 314 declining, and 154 remaining unchanged.

Analyst Perspective

Market analyst William Hartanto, Founder of WH-Project, characterized the IHSG's decline as a healthy correction that is currently testing the crucial support level at 8,361. Hartanto's assessment suggests that this correction is part of normal market dynamics rather than a sign of fundamental weakness.

Trading Activity

The trading session on Thursday saw substantial activity with a total volume of 58.75 billion shares and a transaction value of Rp 23.64 trillion. This level of activity indicates continued investor participation despite the overall market decline. The distribution of stock movements showed a relatively balanced picture with 345 stocks in positive territory, 314 in negative, and 154 unchanged.

Market Outlook

Looking ahead to Friday's trading session, the IHSG is projected to continue its corrective movement. Investors will be watching key support levels, particularly the 8,361 level mentioned by Hartanto, to gauge the market's next direction. The overall market sentiment remains cautious as participants assess both domestic and international economic factors.