Executive Summary

Key insights and market outlook

The Indonesian Composite Index (IHSG) has reached a new record high of 8,933.60 on January 6, 2026, continuing its upward momentum from previous trading sessions ⁵

. The index rose 0.84% or 74.41 points, driven by positive market sentiment and strong sectoral performance. Analysts predict the IHSG may test the 9,000 level in the short term, with potential gains extending to 9,500-9,800 by year-end ³.

Full Analysis

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Deep Dive Analysis

Indonesian Stock Market Reaches New Record High

Market Overview

The Indonesian Composite Index (IHSG) continued its upward trajectory by reaching a new record high of 8,933.60 on January 6, 2026 ⁵

. This significant milestone represents a 0.84% increase or 74.41 points from the previous trading session. The market's positive performance was observed across various sectors, with 10 out of 11 sectors closing higher, led by the raw materials sector ⁴.

Sectoral Performance

The market's strength was evident in various sectoral performances. The raw materials sector led the gains with a 2.62% increase, followed by other sectors showing positive movements ⁴

. Major stocks such as BYAN, BRMS, and TLKM were among the top performers, contributing to the overall market optimism ⁴.

Analyst Insights

Investment analysts remain optimistic about the market's future performance. Indy Naila from Profina Visindo noted that the IHSG is likely to test the 9,000 level in the short term, with potential further gains between 9,500-9,800 by year-end ³

. This optimism is supported by the overall positive market sentiment and the continuation of positive economic indicators.

Trading Activity

During the trading session, the market showed robust activity with various stocks contributing to the index's performance. Stocks like NCKL, INCO, and MBMA were among the top gainers in the LQ45 index ⁶

. The market's trading volume and value remained significant, reflecting strong investor interest.

Technical Analysis and Recommendations

Analysts from BNI Sekuritas provided recommendations for several stocks, including INET, BRMS, MBMA, UNTR, ARCI, and HRTA, with specific buy and sell targets ²

. These recommendations are based on technical analysis and market trends, offering investors guidance for their trading decisions.

Market Outlook

The positive momentum in the IHSG is expected to continue, driven by favorable market conditions and investor sentiment. Analysts advise investors to remain selective in their stock choices while capitalizing on the overall market's upward trend ³

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References