Indonesian Stock Market Reaches New Milestone

IHSG Hits Record High of 8,960

The Indonesian Composite Index (IHSG) has achieved a new all-time high, reaching 8,960 on January 7, 2026. This represents a 0.30% increase from the previous day's close ⁶

Sectoral Performance

The rise was led by significant gains in the basic materials sector, which surged 2.16%, followed by the industrial sector with a 2.12% increase. Other notable performers included the cyclical consumer goods sector, which rose 1.12% ⁵

Market Dynamics

The upward movement was supported by strong foreign investor participation, with net inflows reaching Rp 911.41 billion in the regular market on January 6, 2026. This positive trend continued as the market opened on January 7, 2026 ⁴

Key Drivers

Several factors contributed to the market's positive performance:

1. Commodity price surge: Nickel-related stocks led the gains, with companies like INCO and ANTM showing significant increases ³
   Source 3

   https://investasi.kontan.co.id/news/ihsg-berpotensi-lanjut-menguat-cermati-saham-rekomendasi-analis-rabu-71
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2. Strong corporate earnings: Positive financial results from key companies supported investor confidence.
3. Continued foreign investment: Ongoing net buying by foreign investors provided additional market support ⁴
   Source 4

   https://finance.detik.com/bursa-dan-valas/d-8295439/ihsg-di-zona-hijau-lagi-aksi-suli-pngo-jadi-sorotan
   .

Analyst Insights

Market analysts from MNC Sekuritas noted that the IHSG's rise was primarily driven by buying activity from domestic investors, while Kiwoom Sekuritas highlighted that despite the potential for continued growth, the index is entering overbought territory with decreasing transaction volumes ³

Corporate News

Several key corporate developments influenced market sentiment:

1. PT Kimia Farma (KAEF): Secured a Rp846 billion shareholder loan to support working capital needs.
2. PT Pinago Utama (PNGO): Announced an interim cash dividend of Rp90 per share, totaling Rp70.31 billion ⁴
   Source 4

   https://finance.detik.com/bursa-dan-valas/d-8295439/ihsg-di-zona-hijau-lagi-aksi-suli-pngo-jadi-sorotan
   .

Market Outlook

The IHSG is expected to continue its upward trajectory, though analysts caution that the market may face resistance as it approaches the 9,000 level. Key stocks to watch include INCO, ANTM, and ADRO, which have been among the top gainers in the LQ45 index ²