JAKARTA – The Bisnis-27 Index concluded trading today, Friday (October 17, 2025), in negative territory, mirroring the broader market’s downturn. This decline was in tandem with the Indonesia Stock Exchange Composite Index (IHSG), which plummeted 2.57% to close at 7,915 points by the afternoon session.
According to data from the Indonesia Stock Exchange (BEI), the Bisnis-27 Index, a collaborative index by the Exchange and Bisnis Indonesia daily, registered a 1.10% fall, settling at 501.21. A closer look at its 27 constituent stocks revealed a mixed performance: while 7 stocks managed to strengthen, a majority of 16 shares weakened, and 4 remained stagnant.
The day’s significant stock price depreciation was notably led by PT Surya Citra Media Tbk. (SCMA), which saw its shares correct by a substantial 8.67%, closing at Rp358. Following this steep decline, PT Barito Pacific Tbk. (BRPT) shares experienced a 7.12% correction to Rp3,650, while PT Indosat Tbk. (ISAT) also faced a downturn, dipping 4.36% to Rp1,755.
Further contributing to the market’s red close, PT Sumber Alfaria Trijaya Tbk. (AMRT) shares corrected by 4.05%. Similarly, PT Dharma Satya Nusantara Tbk. (DSNG) declined by 4.00%, and the telecommunications giant PT Telkom Indonesia (Persero) Tbk. (TLKM) recorded a 2.37% loss.
Continuing the trend of widespread declines, shares of conglomerate PT Astra International Tbk. (ASII) corrected by 2.17%. Paper and pulp producer PT Indah Kiat Pulp & Paper Tbk. (INKP) also saw a 2.03% dip, and PT AKR Corporindo Tbk. (AKRA) experienced a 1.38% correction.
In stark contrast to the dominant bearish sentiment, several stocks demonstrated robust gains. PT United Tractors Tbk. (UNTR) notably rose by 3.75% to Rp26,950, while banking giant PT Bank Central Asia Tbk. (BBCA) climbed 2.74% to Rp7,500. Healthcare provider PT Mitra Keluarga Karyasehat Tbk. (MIKA) also performed strongly, increasing by 2.69% to Rp2,670, alongside PT Charoen Pokphand Indonesia Tbk. (CPIN), which saw a 2.26% uptick to Rp4,970.
Interestingly, while DSNG shares were among the biggest losers today, there were instances in the past where a surge in shares like DSNG, along with MAPI and ICBP, had helped the Bisnis-27 Index close stronger. Today, PT Indofood CBP Sukses Makmur Tbk. (ICBP) continued this positive momentum, rising by 1.62%. Similarly, PT Mitra Adiperkasa Tbk. (MAPI) gained 1.20%, and PT Aneka Tambang Tbk. (ANTM) saw a modest increase of 0.58%.
Meanwhile, some prominent stocks experienced a stagnant performance, holding steady amidst the market volatility. These included PT Industri Jamu dan Farmasi Sido Muncul Tbk. (SIDO), coal miner PT Bukit Asam Tbk. (PTBA), pharmaceutical company PT Kalbe Farma Tbk. (KLBF), and PT Bank Syariah Indonesia Tbk. (BRIS).
Despite the day’s challenging close, it’s worth noting that the Bisnis-27 Index had opened the session stronger, increasing by 0.56%, primarily buoyed by shares of MAPI, MIKA, and KLBF. However, offering a broader perspective on the market’s underlying dynamics, Ekky Topan, an Investment Analyst at Infovesta Kapital Advisori, noted that the Indonesian stock market is currently in a distribution phase. He further added that technically, a divergence had already been observed one to two weeks prior.
According to Ekky, the momentum for this downturn was initiated last week with the renewed escalation of the US-China trade war. “That became the initial trigger,” he explained to Bisnis on Friday (October 17, 2025).
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Summary
The Bisnis-27 Index concluded trading with a 1.10% decline, settling at 501.21 points, mirroring the broader Indonesia Stock Exchange Composite Index (IHSG) which plummeted 2.57%. A majority of its 27 constituent stocks weakened, notably led by PT Surya Citra Media Tbk. (SCMA) with an 8.67% correction and PT Barito Pacific Tbk. (BRPT) with a 7.12% drop. An investment analyst attributed this market downturn, characterized as a distribution phase, to the renewed escalation of the US-China trade war.
Despite the overall negative sentiment, several stocks recorded robust gains, including PT United Tractors Tbk. (UNTR) which rose 3.75%, PT Bank Central Asia Tbk. (BBCA) climbing 2.74%, and PT Mitra Keluarga Karyasehat Tbk. (MIKA) increasing 2.69%. Other notable risers included PT Charoen Pokphand Indonesia Tbk. (CPIN), PT Indofood CBP Sukses Makmur Tbk. (ICBP), and PT Mitra Adiperkasa Tbk. (MAPI), while four stocks remained stagnant.