Executive Summary

Key insights and market outlook

The Indonesian stock market experienced mixed foreign fund flows in November 2025, with foreign investors injecting Rp600.82 billion into the regular market while pulling out Rp6.33 trillion from government bonds ¹

. The Composite Stock Price Index (IHSG) remained relatively stable, closing at 8,370 on November 14, 2025, despite a 0.29% weekly decline. Analysts expect continued foreign investment despite potential profit-taking ².

Full Analysis

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Deep Dive Analysis

Indonesian Stock Market Experiences Mixed Foreign Fund Flows

Market Dynamics in November 2025

The Indonesian stock market witnessed contrasting foreign investment trends in November 2025. While foreign investors injected Rp600.82 billion into the regular stock market, they pulled out Rp6.33 trillion from the government bond market ¹

. This divergence reflects the complex dynamics at play in Indonesia's financial markets.

IHSG Performance

The Composite Stock Price Index (IHSG) showed resilience despite weekly fluctuations. On November 14, 2025, it closed at 8,370, representing a marginal decline of 0.02% for the day and 0.29% for the week ¹

. However, the index has shown stronger performance over longer periods, with gains of 5.75% in one month, 22.52% over six months, and 18.23% year-to-date ².

Market Outlook and Analyst Predictions

Analysts maintain a cautiously optimistic outlook for foreign investment flows into Indonesia's stock market. While there are predictions of continued foreign investment until year-end, the consensus is that the movement will be limited rather than aggressive ³

. The market is expected to remain sensitive to global economic developments and domestic monetary policy decisions, particularly the Bank Indonesia (BI) Governor's Council meeting on November 19, 2025 ⁴.

References