Indonesian Stock Market Performance in 2025

Overview of the Year

The Indonesian stock market, as represented by the IHSG index, experienced a year of moderate growth in 2025. The index closed the year at 8,646.93 ¹

, reflecting a 0.03% increase ¹

Source 1

https://investasi.kontan.co.id/news/ihsg-ditutup-naik-tipis-003-ke-8646-pada-perdagangan-terakhir-2025-selasa-3012

from its previous closing. This modest gain was the result of a complex interplay of factors, including economic conditions, regulatory changes, and investor sentiment.

Banking Sector Performance

One of the significant sectors influencing the stock market's performance was the banking sector ²

. Banks, especially those with a strong digital presence, showed notable growth. For instance, PT Bank Allo Indonesia Tbk (BBHI) and PT Bank Neo Commerce Tbk (BBYB) were among the top performers ⁴

Source 4

https://finance.detik.com/bursa-dan-valas/d-8283910/bank-sumbang-dividen-tertinggi-nilainya-tembus-rp-80-3-triliun

. In contrast, some of the larger banks, often referred to as big banks, saw more subdued growth or even declines in their stock prices ⁴

Source 4

https://finance.detik.com/bursa-dan-valas/d-8283910/bank-sumbang-dividen-tertinggi-nilainya-tembus-rp-80-3-triliun

.

Financial Regulations and Their Impact

Financial regulations ³

played a crucial role in shaping the market's trajectory. The Otoritas Jasa Keuangan (OJK), Indonesia's financial services authority, implemented various regulations aimed at enhancing market stability and protecting consumer interests. These regulatory efforts contributed to the overall health of the financial sector, including the capital markets ³

Source 3

https://finance.detik.com/bursa-dan-valas/d-8283695/bei-tak-tembus-target-ipo-perusahaan

.

Record Highs and Market Capitalization

The year 2025 was marked by 24 record highs for the IHSG ²

, with the market capitalization of the Indonesian stock exchange exceeding Rp 16,000 trillion ²

Source 2

https://finance.detik.com/bursa-dan-valas/d-8283733/ihsg-tembus-rekor-24-kali-sepanjang-2025

. This milestone underscores the growing significance and attractiveness of the Indonesian stock market to both domestic and international investors.

IPO Activity and Fundraising

Despite not meeting the initial public offering (IPO) target set by the Bursa Efek Indonesia (BEI), the total funds raised through IPOs in 2025 were higher than in the previous year ³

. This indicates a continued interest in the Indonesian capital market among companies seeking to raise funds.

Dividend Distribution

The banking sector was also notable for its dividend distribution ⁵

, with banks contributing the highest amount in dividends among all sectors. This reflects the sector's profitability and its role in rewarding shareholders.

Conclusion

In conclusion, the Indonesian stock market's performance in 2025 was characterized by moderate growth, influenced by factors such as the banking sector's performance, financial regulations, and record highs in the market. As the economy and financial markets continue to evolve, it will be important to monitor these factors and their impact on the stock market.