Executive Summary

Key insights and market outlook

The Indonesian Composite Index (IHSG) has reached a new record high, surging to 8,980.92 and approaching the 9,000 level ³

. This follows a 22.1% increase in 2025 and is driven by positive economic outlook for 2026 ⁵. The market saw 362 stocks rise and seven sectoral indices gain during morning trading ⁶. Mutual fund assets under management reached Rp 679.18 trillion by December 2025, showing 35.04% yoy growth ⁴.

Full Analysis

02

Deep Dive Analysis

Indonesian Stock Market Reaches New Heights

Record-Breaking Performance

The Indonesian Composite Index (IHSG) has achieved a new all-time high, reaching 8,980.92 and coming close to the significant 9,000 level ³

. This performance follows a strong 22.1% growth in 2025, setting a positive stage for 2026 ⁵. During morning trading, the market saw 362 stocks rise while 311 stocks declined and 137 remained stagnant ⁶.

Sectoral Performance

The market's strength was supported by gains in seven sectoral indices ⁶

. The non-cyclical consumer goods sector led with a 1.50% increase, followed by the energy sector up 1.38%, and the property sector rising 1.15% ⁶. These sectoral gains contributed to the overall positive market sentiment.

Mutual Fund Growth

The mutual fund industry also showed significant growth, with assets under management reaching Rp 679.18 trillion by the end of December 2025. This represents a substantial 35.04% year-on-year increase ⁴

. Experts view this growth as a positive indicator for the market's future performance.

Market Outlook for 2026

Finance Minister Purbaya Yudhi Sadewa expressed optimism about the IHSG's prospects for 2026, suggesting that the index will continue its upward trend ⁵

. This optimism is supported by the government's pro-growth policies implemented since late 2024 and Bank Indonesia's accommodative stance ⁴.

Trading Activity

The market witnessed significant trading activity, with a volume of 23.17 billion shares traded, valued at Rp 11.76 trillion, and 1,744,116 transactions recorded by 10:36 WIB ³

. This high level of activity indicates strong investor interest in the market.

References