JAKARTA – Indonesia’s stock market experienced a significant downturn on Tuesday, October 14, 2025, with both the Bisnis-27 Index and the broader Jakarta Composite Index (IHSG) closing notably weaker. Despite the widespread correction, a select few stocks within the Bisnis-27 Index, including SIDO, AMRT, and ASII, managed to defy the negative trend and record gains.
According to data from the Indonesia Stock Exchange, the Bisnis-27 Index – a collaborative index by the Exchange and Bisnis Indonesia daily – plunged by 2.17% to close at 503.14. Out of its 27 constituents, only four stocks saw gains, while 22 corrected, and one remained stagnant. Throughout the trading day, the index fluctuated between a low of 503.14 and a high of 518.68.
Leading the sparse group of gainers were PT Industri Jamu dan Farmasi Sido Muncul Tbk. (SIDO), which climbed 2.91% to Rp530, and PT Sumber Alfaria Trijaya Tbk. (AMRT), which rose 2.39% to Rp2,140. Also posting positive performance were PT Astra International Tbk. (ASII), up 0.43% to Rp5,825, and PT Mitra Keluarga Karyasehat Tbk. (MIKA), which edged up 0.40% to Rp2,520.
Conversely, the majority of the index constituents faced significant corrections. PT Barito Pacific Tbk. (BRPT) led the declines, weakening by 6.41% to Rp3,940. Other prominent losers included PT Surya Citra Media Tbk. (SCMA), which fell 5.19% to Rp402, and PT Indofood CBP Sukses Makmur Tbk. (ICBP), which dropped 3.69% to Rp8,475.
The broader market also saw several other major companies struggling. Shares of PT Indosat Tbk. (ISAT) corrected by 3.57%, PT Kalbe Farma Tbk. (KLBF) by 2.76%, and state-owned telecommunications giant PT Telkom Indonesia (Persero) Tbk. (TLKM) by 1.99%. Heavy equipment distributor PT United Tractors Tbk. (UNTR) also experienced a 1.83% decline.
The banking sector, typically a market pillar, was not immune to the widespread selling pressure. Major state-owned banks recorded notable corrections: PT Bank Mandiri (Persero) Tbk. (BMRI) fell 3.31%, PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) was down 3.01%, and PT Bank Negara Indonesia (Persero) Tbk. (BBNI) corrected by 2.56%. Even private banking heavyweight PT Bank Central Asia Tbk. (BBCA) saw its shares dip by 1.02%.
In a day marked by broad declines, only PT Ciputra Development Tbk. (CTRA) managed to maintain a stagnant performance, closing unchanged amidst the market turmoil.
The Jakarta Composite Index (IHSG) mirrored the Bisnis-27’s poor performance, closing down 1.95% at 8,066.52. Throughout Tuesday’s trading session, the IHSG even breached the 8,000 mark, hitting an intraday low of 7,974.03.
A detailed look at the IHSG’s performance revealed that 138 stocks advanced, 583 declined, and 84 remained stagnant. The total market capitalization reached Rp15,205 trillion. Among large-cap stocks, PT Pantai Indah Kapuk Dua Tbk. (PANI) was a strong performer, climbing 2.94% to Rp14,000, alongside PT Dian Swastatika Sentosa Tbk. (DSSA), which rose 2.09% to Rp106,400 per share.
Conversely, PT Chandra Asri Pacific Tbk. (TPIA), a company owned by Prajogo Pangestu, proved to be a significant drag on the index, plummeting 7.14% to Rp7,475, underscoring the day’s bearish sentiment.
Providing insight into the market’s trajectory earlier in the day, Valdy Kurniawan, Head of Research at Phintraco Sekuritas, noted that the IHSG had weakened by 0.67% to 8,171.33 during the first trading session. Technically, he explained in his daily research, a negative histogram formation on the MACD, coupled with a Death Cross on the Stochastic RSI in the overbought area, signaled further weakness. “We therefore anticipated the IHSG would likely continue its decline towards the 8,150 level in the second trading session today,” Kurniawan stated, highlighting the technical indicators that foreshadowed the market’s eventual close.
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Summary
On Tuesday, October 14, 2025, Indonesia’s stock market experienced a significant downturn, with both the Bisnis-27 Index and the Jakarta Composite Index (IHSG) closing notably weaker. The Bisnis-27 Index plunged by 2.17%, as most of its constituents declined. However, a select few stocks like PT Industri Jamu dan Farmasi Sido Muncul Tbk. (SIDO), PT Sumber Alfaria Trijaya Tbk. (AMRT), and PT Astra International Tbk. (ASII) recorded gains, defying the negative market trend.
The broader IHSG mirrored this weakness, closing down 1.95% at 8,066.52 and briefly dipping below 8,000 intraday. Widespread selling pressure affected numerous companies across various sectors, including major banks. Significantly more stocks declined than advanced, with PT Chandra Asri Pacific Tbk. (TPIA) being a notable drag on the index.