Indonesian Market Gains Momentum Despite Global Pressures

Market Overview

The Indonesian Composite Index (IHSG) closed 0.72% higher at 8,948.30 on January 13, demonstrating resilience amid global market volatility. The gain was primarily driven by significant increases in major stocks: ASII rose 4.29%, TLKM gained 2.84%, and MBMA surged 19.23%. These positive movements were partially offset by declines in some mining and manufacturing stocks, with BRMS down 5.16%, BUMI falling 6.88%, and IMPC dropping 7.14%.

Sector Performance

The market showed varied sectoral performance with seven out of eleven sectors closing in the green. The basic materials sector led with a 2.67% gain, while the consumer cyclicals sector experienced the largest decline of 1.85%. This mixed performance reflects the complex dynamics within the Indonesian market, balancing between commodity-driven sectors and consumer-focused industries.

Foreign Investor Activity

Foreign investors maintained strong interest in the Indonesian market, recording a net buy of Rp1.45 trillion in the regular market and Rp1.99 trillion across all markets. This significant foreign investment inflow indicates continued confidence in Indonesia's market potential despite global economic uncertainties.

Corporate Developments

WIFI Infrastructure Expansion

PT Solusi Sinergi Digital Tbk (WIFI) has partnered with Pos Properti Indonesia (PPI) to accelerate internet infrastructure development. The collaboration will utilize 2,931 PPI properties for BTS development, OLT placement, and network logistics support. This strategic move is expected to enhance fixed broadband access across Indonesia, particularly in underserved areas, and supports the upcoming 'Internet Rakyat' project slated for Q1 2026 with over 900,000 pre-registered users.

LFLO Business Expansion

PT Imago Mulia Persada Tbk (LFLO) is targeting revenue growth to approximately Rp100 billion for the year, driven by its expansion into the retail furniture segment. The company has opened a flagship B&B Italia store in Jakarta, marking a significant shift from its previous distributor-focused business model to high-end retail. LFLO reported Rp73.07 billion revenue in H1 2025, a 62.20% YoY increase, with net profit rising 71.44% to Rp15.20 billion.

Market Outlook

The positive market performance, coupled with significant corporate developments, suggests a cautiously optimistic outlook for the Indonesian stock market. The combination of infrastructure expansion, retail sector growth, and continued foreign investor interest provides a solid foundation for potential further gains.