Indonesian Stock Market Shows Resilience Amid Global Uncertainties

Positive Market Momentum

The Indonesian Composite Index (IHSG) demonstrated strong performance during the first trading session on January 9, 2026, rising 0.39% to 8,960.23 ⁵

. This positive movement was broad-based, with 358 stocks advancing, 301 declining, and 153 remaining unchanged. The market's upward trajectory was supported by gains in eight out of eleven sectoral indices, with the cyclical consumer goods sector showing the most significant increase at 3.32% ⁵

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https://investasi.kontan.co.id/news/ihsg-menguat-039-ke-8960-di-sesi-i-jumat-91-medc-ammn-bumi-top-gainers-lq45

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Sectoral Performance and Market Dynamics

The property sector also recorded a notable gain of 1.73%, while the energy sector rose by 1.64% ⁵

. This broad-based recovery across multiple sectors contributed to the overall positive market sentiment. Despite these gains, market participants remained cautious amid global economic uncertainties and domestic economic indicators.

Foreign Investor Activity

The Indonesian stock market showed remarkable resilience in 2025, recording 22.13% year-on-year growth and achieving 24 new all-time highs despite significant foreign investor net selling amounting to Rp 17.34 trillion ⁴

. According to OJK's Head of Capital Market Supervision, Inarno Djajadi, this performance underscores the market's strength and investor confidence in Indonesia's economic fundamentals.

Market Outlook and Technical Analysis

Analysts from BRI Danareksa Sekuritas noted that while the IHSG might continue to experience volatility, the overall trend remains positive ³

. The market is expected to react to upcoming economic data releases, including Indonesia's Consumer Confidence Index and the US Non-Farm Payroll report. These economic indicators will likely influence market direction in the near term.