Flooring Guide by Cinvex – JAKARTA — The Jakarta Composite Index (IHSG) closed Thursday’s trading session (September 4, 2025) with a 0.23% decline. Several prominent gold mining stocks, including ANTM, BRMS, and INDY, plunged into the red zone by afternoon trading.
According to data from RTI Infokom, the IHSG finished the day down 19.5 points, or 0.23%, settling at 7,866.34. The index had fluctuated within a range of 7,855 to 7,899 throughout the session. A substantial 39.6 billion shares were traded, reaching a total value of Rp13.99 trillion.
Market breadth indicated more weakness than strength, with 260 stocks advancing, 398 declining, and 147 remaining stagnant. Consequently, the IHSG’s market capitalization concluded at Rp14,240 trillion.
Among the notable decliners, PT Aneka Tambang Tbk. (ANTM) experienced a dip of 2.59%, closing at Rp3,390 per share in the red zone. The downturn in gold-related equities was broad.
Another gold mining company, PT Bumi Resources Minerals Tbk. (BRMS), also saw its shares fall by 5% to Rp494. Similarly, PT Indika Energy Tbk. (INDY) recorded a significant drop of 5.42%, settling at Rp1,570 per share by the close of trading.
The Research Team at Pilarmas Investindo Sekuritas highlighted that current market attention is primarily focused on the monetary policy decisions of the US Federal Reserve (The Fed). There is growing optimism among investors that the Fed will soon implement a cut to its benchmark interest rate.
This sentiment is strongly supported by the CME FedWatch Tool, which indicates a 97.6% probability of a 25 basis point (bps) rate cut at the upcoming September 17 meeting. Reinforcing this expectation, Fed official Christopher Waller had previously reaffirmed his support for an interest rate reduction in the near future.
Meanwhile, Atlanta Fed President Raphael Bostic also suggested that a rate cut is indeed on the agenda, though he refrained from providing a specific timeline for such a move.
Further bolstering the case for a rate cut was the recent release of US job vacancy data for July. This report provided clear indications of a contraction in job openings and a weakening labor market, reflecting an economic environment that remains less than stable.
Stock Recommendations and IHSG Movement Today, Thursday, September 4, 2025
Looking ahead, markets are keenly awaiting Friday’s crucial economic releases, including US unemployment claims, ADP employment data, and the non-farm payrolls report. These figures are expected to offer additional guidance on the trajectory of the US economy and the Fed’s subsequent policy actions.
On a separate international note, the Trump administration has launched an appeal against a court ruling that overturned a substantial portion of its global tariffs. This legal challenge has the potential to escalate into a significant dispute at the Supreme Court, adding another layer of geopolitical uncertainty.
Domestically, the IHSG remained firmly entrenched in negative territory. This subdued performance followed an earlier rebound and was primarily influenced by profit-taking sentiment ahead of tomorrow’s national holiday (Friday, September 5, 2025), compounded by persistent foreign selling pressure.
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Summary
The Jakarta Composite Index (IHSG) closed Thursday’s trading session on September 4, 2025, with a 0.23% decline, settling at 7,866.34. This downturn saw prominent gold mining stocks, including ANTM, BRMS, and INDY, fall significantly into the red zone. Market breadth indicated more declining stocks than advancing ones, and the IHSG’s market capitalization concluded at Rp14,240 trillion.
Investors are keenly focused on the US Federal Reserve’s potential interest rate cut, with strong optimism for a 25 basis point reduction at its upcoming September meeting. This expectation is bolstered by high probabilities from the CME FedWatch Tool, supportive comments from Fed officials, and recent weakening US job vacancy data. Domestically, the IHSG’s decline was also driven by profit-taking ahead of a national holiday and persistent foreign selling pressure, while markets await critical US employment data on Friday.