Executive Summary

Key insights and market outlook

The Indonesian Composite Index (IHSG) rose 0.42% to 8,645.84 on Monday (22/12/2025), driven by positive external sentiment and commodity price increases ⁴

. Key factors included escalating US-Venezuela geopolitical tensions and potential government spending support ⁴. Commodity stocks like BUMI, INCO, and ANTM led gains with significant price increases ⁵.

Full Analysis

02

Deep Dive Analysis

Indonesian Stock Market Shows Positive Trend

Market Performance on December 22, 2025

The Indonesian Composite Index (IHSG) demonstrated a positive performance on Monday, December 22, 2025, closing at 8,645.84, representing a 0.42% increase ⁴

. This upward movement was supported by several key factors including rising commodity prices and positive external sentiment.

Key Drivers of Market Movement

Geopolitical Tensions: Escalating tensions between the United States and Venezuela contributed to a rise in commodity prices, particularly crude oil and gold ⁴
Source 4
https://investasi.kontan.co.id/news/ihsg-berpeluang-menguat-pada-selasa-2312-cek-saham-rekomendasi-analis
.
Government Spending Expectations: Anticipation of continued government fiscal support provided additional market stimulus ¹
Source 1
https://investasi.kontan.co.id/news/peluang-ihsg-menuju-9000-hingga-akhir-tahun-2025-masih-terbuka-ini-sentimennya
.
Commodity Stocks Performance: Shares of major commodity companies such as BUMI, INCO, and ANTM were among the top gainers, with the energy sector recording the largest gains ⁵
Source 5
https://investasi.kontan.co.id/news/ihsg-naik-019-ke-86257-di-sesi-i-senin-2212-top-gainers-bumi-inco-antm
.

Technical Analysis and Stock Recommendations

Analysts provided specific technical recommendations for several stocks:

PT Jasa Marga (JSMR): Showing a dark cloud pattern with weakening RSI but rising MACD & Stochastic indicators. Recommended trading buy above Rp 3,340 - Rp 3,350 per share ⁶
Source 6
https://investasi.kontan.co.id/news/cermati-rekomendasi-teknikal-saham-jsmr-amrt-dan-impc-untuk-selasa-2312
.
Other notable stocks monitored included AMRT and IMPC, with detailed technical analysis available from various brokerage firms ⁶
Source 6
https://investasi.kontan.co.id/news/cermati-rekomendasi-teknikal-saham-jsmr-amrt-dan-impc-untuk-selasa-2312
.

Market Outlook for December 23, 2025

Equity Research Analyst Alrich Paskalis Tambolang from Phintraco Sekuritas suggested that the IHSG could continue its upward trajectory on Tuesday, December 23, 2025, supported by ongoing geopolitical tensions and commodity price strength ⁴

.

References