IHSG Rises 1.10 Per Cent, but Still Down 8.35 Per Cent Over the Week

Jakarta – The Jakarta Composite Index (IHSG) ended higher at the close of Friday’s trading on the Indonesia Stock Exchange, rising 67.10 points, or 1.10%, to 6,162.04. A total of 449 shares advanced, 251 declined, and 118 were unchanged. Despite finishing the week higher, the IHSG remained down 8.35% over the seven days.

Pilarmas Research said the basic materials sector recorded the largest gain on Friday, up 6.85%. The financial sector was the weakest, down 0.38%. The day’s turnover amounted to Rp 17.90 trillion. Over the week, the IHSG had weakened by around 8.3%.

Leading the day’s gains were MDKA (Merdeka Copper Gold), INCO (Vale Indonesia), DEWA (Darma Henwa), BUMI (Bumi Resources), and MBMA (Merdeka Battery Materials). On the downside, the declines were led by AMMN, CUAN, ASII, TLKM, and EMTK. The biggest movers of the day included DFAM, CTBN, PBSA, TALF, and MDKA, while the largest laggards included PGLI, ASPR, BOBA, LCKM, and APIC.

The gains occurred amid circulating rumours that Indonesia plans to delay the full implementation of its coal export ban and other state-controlled strategic commodities until 1 January 2027. The delay is seen as providing a longer transition period for exporters and international buyers to adjust to the policy change, Pilarmas said in a note received on Friday.