Indonesian Stock Market Achieves New Record High

Market Performance on November 20, 2025

The Indonesian Composite Index (IHSG) closed higher for the day, reaching 8,419.91, representing a 0.16% or 13.34 point increase ¹

. This performance maintained the index's upward trajectory, with the IHSG demonstrating a 0.57% weekly gain, 1.76% monthly increase, and 5.99% quarterly growth. The six-month and year-to-date (YTD) increases stood at 23.23% and 18.93%, respectively ¹

Source 1

https://investasi.kontan.co.id/news/ihsg-rawan-koreksi-jumat-2111-simak-sentimen-dan-rekomendasi-sahamnya

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Sector and Stock Movement

During the trading session, the market saw 311 stocks rise, 306 decline, and 195 remain stagnant. The positive movement was largely attributed to the strong performance of conglomerate stocks, aligning with the global market trends and rupiah appreciation against the US dollar ²

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Foreign Investor Activity

Foreign investors continued their buying spree, recording a net buy of Rp 1.27 trillion across all markets. The net buy in the regular market reached Rp 1.09 trillion, while the negotiation market saw Rp 182.74 billion. Major stocks attracting foreign investment included PT Bank Mandiri Tbk (BMRI) with Rp 582.2 billion, PT Solusi Sinergi Digital Tbk (WIFI) with Rp 250.2 billion, and PT Bank Central Asia Tbk (BBCA) with Rp 230.5 billion ³

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Market Outlook

Analysts from MNC Sekuritas and Phintraco Sekuritas noted that the IHSG's movement was influenced by positive domestic data, including a surplus in Indonesia's current account balance of US$ 4 billion in Q3-2025, marking the first surplus since Q1-2023 and the largest since Q3-2022. This was primarily supported by an increase in non-oil and gas exports ²

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