IHSG Closes Up 1.1% Today

The Jakarta Composite Index (IHSG) closed higher by 1.10% or 67.11 points to 6,162.05 on Friday, with foreign investors posting net selling in the morning session across the market. Data from the Indonesia Stock Exchange (BEI) show the index hit a high of 6,171.97 and a low of 5,966.86. Turnover amounted to Rp20.01 trillion, with 37.08 billion shares traded in 1.93 million transactions. A total of 466 stocks rose, 271 fell, and 222 were unchanged. Market capitalization stood at Rp10,635 trillion. Despite the close in the green, foreign investors recorded net selling in the session’s first half of Rp340.5 billion across the market. The biggest net sellers included PT Bank Mandiri (Persero) Tbk (BMRI), PT Bank Central Asia Tbk (BBCA), and PT Chandra Asri Pacific Tbk (TPIA). Based on Refinitiv data, the materials sector led gains at 3.38%, followed by industrials at 2.21%, property at 1.10%, and non-durable consumer at 1.03%, while utilities fell 1.48%. In terms of drivers, MDKA (Merdeka Copper Gold) was the largest contributor, adding 14.17 points to the IHSG. It was followed by MDKA group with 12.38 points and BRMS (Bumi Resources Minerals) with 9.76 points. BBRI (Bank Rakyat Indonesia) supported the index with a 7.84-point contribution, while BUMI (Bumi Resources) added 7.22 points. On the negative side, TLKM (Telkom Indonesia) reduced the index by 8.35 points, and ASII (Astra International) weighed by 7.98 points, with BYAN (Bayan Resources) dragging 7.55 points. Other drags included TPIA, Barito Renewables Energy (BREN), and Amman Mineral International (AMMN). Separately, Rosan Perkasa Roeslani, CEO of Danantara and Minister of Investment and Hilirisasi, stated that the IHSG would improve in the medium-to-long term. ‘The mid-term outlook will be good in the long run,’ Rosan said at the Coordinating Ministry for Economic Affairs in Jakarta, quoted on Friday (22 May 2026). He noted that drivers for the IHSG ahead include solid fundamentals of state-owned enterprises such as the Himbara banks, which are performing well with yields above 10-11%. ‘I’m confident speaking in statistics, based on data,’ he said.