Indonesian Market Overview: Mixed Performance and Corporate Updates

IHSG Movement and Sector Performance

The Indonesian Composite Index (IHSG) ended trading on Friday at 8,609.55, representing a marginal decline of 0.10%. The index displayed a fluctuating pattern throughout the session, with certain stocks managing to record gains while others, particularly large-cap stocks, faced selling pressure. Notable gainers included DSSA (+3.34%), FILM (+9.94%), and AMMN (+2.85%), which helped support the index. Conversely, stocks like BBCA (-1.53%), BYAN (-4.06%), and TLKM (-1.45%) contributed to the downward pressure.

Sectoral Performance

Six out of eleven sectors closed in negative territory, with the transportation sector experiencing the deepest decline at 2.86%. In contrast, the consumer non-cyclicals sector demonstrated resilience with a slight gain of 0.18%. This mixed performance reflects the ongoing dynamics in the Indonesian stock market, where sector rotation continues to play a significant role.

Foreign Investor Activity

Foreign investors maintained their buying momentum, recording a net purchase of Rp438.07 billion in the regular market and reaching Rp2.67 trillion across all markets. This continued foreign investor participation is a positive sign for the Indonesian market, indicating sustained confidence in Indonesian assets.

Corporate Updates

KRYA Secures Major Electric Motorcycle Contract

PT Bangun Karya Perkasa Jaya Tbk (KRYA), through its subsidiary ECGO, has signed a significant contract with EVMoto worth Rp240 billion for the supply of 10,000 electric motorcycles. The deliveries are scheduled to commence in March 2026. This contract is expected to contribute to KRYA's revenue starting from 2026, aligning with the company's business transformation following the entry of its new controlling shareholder, Green City SG Pte. Ltd., in August 2025. The agreement is likely to impact KRYA's inventory levels and cash flow dynamics in the coming months.

BSSR Declares Interim Dividend

PT Baramulti Suksessarana Tbk (BSSR) has announced an interim dividend distribution of USD20 million. This decision reflects a dividend payout ratio of approximately 32.5% of their nine-month 2025 net profit, which stood at USD61.58 million. As of the end of September 2025, BSSR reported retained earnings of USD229.40 million and total equity of USD305.61 million. The cum-dividend date for the regular and negotiation markets is set for January 2, 2026, with the dividend payment scheduled for January 15, 2026.

Market Recommendations

Several stocks have been recommended for trading: UNTR, ICBP, BKSL, OASA, and BDKR. Investors are advised to consider these recommendations in line with their risk profiles and investment objectives.