Executive Summary

Key insights and market outlook

The Indonesian Composite Index (IHSG) rose 0.53% to 8,406.58 on November 19, 2025, driven by significant foreign investor activity with a net buy of Rp 1.67 trillion ²

. The index opened at 8,384.36, reaching a high of 8,426.63 and a low of 8,375.57. Trading volume reached 45.38 billion shares worth Rp 30.03 trillion across 2.25 million transactions ¹.

Full Analysis

02

Deep Dive Analysis

Indonesian Stock Market Gains Momentum: IHSG Rises to 8,406

Market Overview

The Indonesian Composite Index (IHSG) continued its upward trajectory on November 19, 2025, closing at 8,406.58, a gain of 44.65 points or 0.53% ²

. This positive movement was supported by substantial foreign investor activity, with a recorded net buy of Rp 1.67 trillion across all markets ².

Trading Activity

The trading session saw significant activity with:

45.38 billion shares traded
Total transaction value of Rp 30.03 trillion
2.25 million transactions recorded ¹
Source 1
https://finance.detik.com/bursa-dan-valas/d-8218577/ihsg-ditutup-menguat-ke-8-406

Sector and Stock Performance

Foreign investors showed particular interest in:

PT Bintang Oto Global Tbk (BOGA) with net buy of Rp 583.5 billion
PT Bank Mandiri Tbk (BMRI) with net buy of Rp 285.7 billion
PT Bhakti Mulia Artha Tbk (BHAT) with net buy of Rp 254.5 billion

Conversely, the stocks with significant net sell were:

PT Aneka Tambang Tbk (ANTM) with Rp 87.5 billion
PT Archi Indonesia Tbk (ARCI) with Rp 38.2 billion
PT Midi Utama Indonesia Tbk (MIDI) with Rp 34.6 billion ²
Source 2
https://pusatdata.kontan.co.id/news/ihsg-naik-ke-8406-net-buy-asing-tembus-rp-167-triliun-hari-ini-1911

Corporate Actions

Bank Tabungan Negara (BBTN): Successfully spun off its sharia business into Bank Syariah Nasional (BSN) with assets increasing to Rp 71.30 trillion, making it the second-largest Islamic bank in Indonesia ⁴
Source 4
https://finance.detik.com/bursa-dan-valas/d-8217669/dibuka-zona-hijau-ihsg-menguat-ke-level-8-389
.
Darma Henwa (DEWA): Announced share buyback worth up to Rp 1.66 trillion between November 19, 2025, and February 19, 2026, following OJK regulations ⁴
Source 4
https://finance.detik.com/bursa-dan-valas/d-8217669/dibuka-zona-hijau-ihsg-menguat-ke-level-8-389
.

Market Outlook

The positive momentum in the IHSG reflects growing investor confidence, particularly from foreign investors. The significant net buy indicates a strong interest in Indonesian assets, potentially signaling a continued positive outlook for the market.

References