Indonesia’s capital market is experiencing a significant boom, with the Jakarta Composite Index (IHSG) achieving an All-Time High (ATH), a historic milestone. This remarkable performance was confirmed by Mahendra Siregar, Chairman of the Board of Commissioners of the Financial Services Authority (OJK), underscoring the sustained strengthening of the nation’s financial landscape.
Addressing the Financial System Stability Committee (KSSK) meeting at Bank Indonesia’s Jakarta headquarters on Monday, October 3, Mahendra highlighted that the IHSG has consistently pushed new boundaries. “Entering the beginning of the fourth quarter, the IHSG continued its strengthening trend and recorded all-time high positions multiple times,” he stated. The index closed at an impressive 8,163 as of October 31, 2025, marking a robust 15.31 percent year-to-date appreciation.
Kicking off the week, the IHSG surged by 111.21 points, or 1.36 percent, reaching 8,275.08. This upward momentum was broadly reflected across the market, with 353 stocks strengthening, 291 weakening, and 169 remaining stagnant, indicating dynamic investor activity.
The vibrancy of the market was further evidenced by a substantial trading volume of 23.28 billion shares, with a total transaction value reaching IDR 15.75 trillion across 2,097,512 transactions. Consequently, the overall market capitalization soared to an astounding IDR 15,080.57 trillion.
Mahendra attributed this impressive trajectory to a confluence of factors, including the IHSG’s positive growth performance in the third quarter of 2025, which saw a significant 16.36 percent quarter-to-quarter (Q-on-Q) strengthening. This robust growth, he explained, is largely buoyed by positive domestic and global sentiments, coupled with the consistently strong capital raising activities within Indonesia’s domestic market.
By October 31, the value of public offerings in the domestic capital market had reached a substantial IDR 198.8 trillion. Looking ahead, the OJK Chairman also noted a healthy pipeline of 27 companies poised for Initial Public Offerings (IPOs), with an indicative value for these upcoming listings estimated at a remarkable IDR 21.8 trillion, signalling strong future expansion.
In line with this optimistic outlook, the Indonesia Stock Exchange (IDX), also known as BEI, has set an ambitious target of 50 IPOs for 2026. This represents an increase from the current year’s target of 45 listed companies, which is already projected to be surpassed. Iman Rachman, President Director of IDX, affirmed this positive momentum during an online IDX EGMS press conference on Wednesday, October 29. He highlighted that this year’s achievements demonstrate significant growth in the number of listed companies, capital raised, and overall investor activity within the Indonesian stock market, confidently stating, “Our target this year is 45 [IPOs], and next year we are targeting 50 stock IPOs.”
Summary
Indonesia’s capital market is experiencing a significant boom, with the Jakarta Composite Index (IHSG) achieving an All-Time High. OJK Chairman Mahendra Siregar confirmed this, noting the IHSG closed at 8,163 as of October 31, 2025, with a 15.31 percent year-to-date appreciation. This strong performance is attributed to positive domestic and global sentiments, coupled with robust capital raising activities. Market capitalization has also soared to IDR 15,080.57 trillion.
Capital raising activities saw public offerings reach IDR 198.8 trillion by October 31, with 27 companies in the IPO pipeline valued at IDR 21.8 trillion. The Indonesia Stock Exchange (IDX) further signals future expansion by targeting 50 IPOs for 2026, an increase from this year’s 45. IDX President Director Iman Rachman affirmed this ambitious goal, highlighting sustained growth in listed companies and investor activity.