Indonesian Market Reaches New Heights on Strong Sector Performance

Record-Breaking Index Level

The Indonesian Composite Index (IHSG) closed at a record high of 8,602.13, marking a 0.94% increase on the day. This positive performance was driven by significant gains in various sectors, particularly the energy sector which surged 2.34%. The transportation sector was the only one to decline, falling 0.50%.

Sector and Stock Performance

Nine out of eleven sectors ended in positive territory, with notable contributions from DSSA (+3.54%), CASA (+25%), and TLKM (+1.92%). Conversely, blue-chip stocks BBCA (-0.88%), BBRI (-1.04%), and BREN (-0.78%) exerted downward pressure on the index.

Foreign Investor Activity

Foreign investors recorded a net sell of Rp 506.34 billion in the regular market and Rp 550.44 billion across all markets. Despite this selling pressure, the overall market maintained its upward momentum due to strong domestic participation.

Corporate News

Super Bank Indonesia (SUPA) IPO

SUPA is currently undergoing its initial public offering (IPO) bookbuilding from November 25 to December 1, with a price range set between Rp 525 to Rp 695 per share. The company aims to raise up to Rp 3.06 trillion, with approximately 70% of the funds allocated for credit distribution and 30% for capital expenditure to support business activities.

Kurniamitra Duta Sentosa (KMDS) Dividend Announcement

KMDS announced an interim dividend payout of Rp 12.80 billion, or Rp 16 per share, representing a dividend payout ratio of 27.80% based on 9-month 2025 earnings. Key dates for investors include cum-dividend on December 4 and payment date on December 19.

Market Outlook

The market's record performance comes amid mixed signals, with strong sectoral gains offsetting foreign investor selling. The success of SUPA's IPO and dividend announcements from companies like KMDS are likely to maintain investor interest in the coming days.