Executive Summary

Key insights and market outlook

The Indonesian Composite Index (IHSG) closed up 0.69% to 8,394.59 on Friday, continuing its positive trend supported by foreign net inflows and solid domestic economic fundamentals ¹

. Analysts predict further gains, with Mirae Asset Sekuritas revising its IHSG target to 8,700 ². The market is expected to remain volatile with potential risks from rupiah fluctuations.

Full Analysis

02

Deep Dive Analysis

Indonesian Stock Market Shows Resilience Amid Global Pressures

Positive Trend Continues

The Indonesian Composite Index (IHSG) demonstrated remarkable resilience by closing up 0.69% to 8,394.59 on Friday ¹

, marking a significant weekly gain of 2.83%. This positive performance was primarily driven by foreign net inflows totaling Rp 3.28 trillion in the regular market and Rp 3.67 trillion across all markets during the week ³.

Analysts' Outlook

Mirae Asset Sekuritas Indonesia has revised its IHSG target to 8,700, citing solid domestic economic performance despite global pressures ²

. Head of Research Rully Arya Wisnubroto noted that while not all Q3-2025 financial reports were positive, there remains hope for improved issuer performance in Q4. The market's upward trajectory is supported by Indonesia's robust economic fundamentals and strategic investor optimism.

Market Expectations for Next Week

Analysts expect the IHSG to maintain its positive momentum into next week, though with potential volatility. William Hartanto of WH Project noted that the index successfully broke through to a new all-time high ³

. However, investors are cautioned to monitor rupiah movements as potential risk factors. The combination of technical factors and positive foreign sentiment continues to support the market's upward trend.

References