JAKARTA — The Indonesia Composite Index (IHSG) closed at a new all-time high (ATH) of 8,318.52, a significant milestone for the Indonesian stock market. This record-breaking surge was primarily driven by strong performances from key stocks such as BRMS, COIN, and GOTO, which collectively capitalized on Indonesia’s robust economic growth of 5.04% in the third quarter of 2025.
During today’s trading session, the IHSG advanced by 0.93%, reaching its closing level of 8,318.52. The index navigated a trading range between 8,181 and 8,318 throughout the day. Data from RTI indicates that a substantial 34.94 billion shares were traded, culminating in a total transaction value of Rp18.16 trillion. This active trading underscored the market’s bullish sentiment on the day.
A broad market rally saw 284 stocks concluding in the green, while 357 experienced declines, and 168 remained stagnant. The overall market capitalization swelled to an impressive Rp15,157 trillion, reflecting considerable investor confidence and a healthy influx of capital into Indonesian equities.
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Among the top performers, shares of PT Bumi Resources Minerals Tbk. (BRMS) showed significant strength, climbing 9.68% to Rp1,020 per share by afternoon trading. The stock was particularly active, with 1.2 billion BRMS shares changing hands, contributing Rp1.1 trillion to the day’s total transaction value. Similarly, PT Indokripto Koin Semesta Tbk. (COIN) recorded an impressive gain of 24.7% to reach Rp3,130 per share. Furthermore, PT GoTo Gojek Tokopedia Tbk. (GOTO) also contributed positively, with its shares rising 8.77% to Rp62 per share.
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Other notable gainers included TLKM, which rose 1.14% to Rp3,540; TINS, which soared 19.67% to Rp2,920; and PTRO, which saw a 4.11% increase to Rp7,600 per share. The research team at BRI Danareksa Sekuritas provided insight into the market’s performance, noting that expectations for Indonesia’s Gross Domestic Product (GDP) growth in Q3/2025 were around 5.01% year-on-year. This projection reflected a moderation following the elevated consumer activity observed in Q2/2025, post-Lebaran celebrations.
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Despite the IHSG’s record-breaking achievement, data from Bloomberg as of November 5th reveals a contrasting trend: 211 issuers have experienced negative year-to-date (YTD) stock price performance, indicating a decline into the red zone. The most significant underperformer was fried chicken issuer Cipta Selera Murni (CSMI), which previously held the license for Texas Chicken before it was revoked, experiencing a staggering 92.21% decline YTD.
Following closely in the list of sharpest declines were other prominent companies. Danasupra Erapacific, a leasing issuer from the Kresna group, saw its shares plummet by 88.25% YTD. Meanwhile, Jakarta Setiabudi Internasional (JSPT), the manager of Setiabudi One, recorded an 83.84% drop in its stock price. This group of deeply underperforming stocks also includes major players such as Bank Panin (PNBN), Azko (ACES), and the operator of Bunda Hospital, Bundamedik (BMHS).
Daftar 30 Saham Paling Rugi Ytd
per 5 November 2025
| Ticker | Name | Price | Net Chg | % Chg |
|---|---|---|---|---|
| CSMI IJ Equity | Cipta Selera Murni Tbk PT | 240 | -2.840 | (92,21)% |
| DEFI IJ Equity | Danasupra Erapacific Tbk PT | 171 | -1.284 | (88,25)% |
| JSPT IJ Equity | Jakarta Setiabudi Internasiona | 3.420 | -17.745,42 | (83,84)% |
| SAPX IJ Equity | Satria Antaran Prima PT | 302 | -813 | (72,91)% |
| FORU IJ Equity | Fortune Indonesia Tbk PT | 1.160 | -2.440 | (67,78)% |
| KARW IJ Equity | ICTSI Jasa Prima Tbk PT | 460 | -900 | (66,18)% |
| CMNP IJ Equity | Citra Marga Nusaphala Persada | 1.395 | -2.575 | (64,86)% |
| HITS IJ Equity | Humpuss Intermoda Transportasi | 116 | -214 | (64,85)% |
| HILL IJ Equity | Hillcon Tbk PT | 160 | -260 | (61,90)% |
| BSWD IJ Equity | Bank of India Indonesia Tbk PT | 1.000 | -1.600 | (61,54)% |
| DAAZ IJ Equity | Daaz Bara Lestari Tbk PT | 2.490 | -3.527,65 | (58,62)% |
| KOPI IJ Equity | Mitra Energi Persada Tbk PT | 326 | -444 | (57,66)% |
| JIHD IJ Equity | Jakarta International Hotels & | 575 | -670 | (53,82)% |
| OBAT IJ Equity | Brigit Biofarmaka Teknologi Tb | 426 | -426,28 | (50,02)% |
| MFIN IJ Equity | Mandala Multifinance Tbk PT | 890 | -888,05 | (49,95)% |
| LION IJ Equity | Lion Metal Works Tbk PT | 408 | -406,14 | (49,89)% |
| TRON IJ Equity | Teknologi Karya Digital Nusa T | 73 | -64 | (46,72)% |
| TGRA IJ Equity | Terregra Asia Energy PT | 27 | -23 | (46,00)% |
| NAIK IJ Equity | Adiwarna Anugerah Abadi Tbk PT | 115 | -93,36 | (44,81)% |
| GEMA IJ Equity | Gema Grahasarana Tbk PT | 86 | -69 | (44,52)% |
| TRUS IJ Equity | Trust Finance Indonesia Tbk PT | 432 | -345,93 | (44,47)% |
| VTNY IJ Equity | Venteny Fortuna International | 93 | -72 | (43,64)% |
| PNLF IJ Equity | Panin Financial Tbk PT | 238 | -182 | (43,33)% |
| PNBN IJ Equity | Bank Pan Indonesia Tbk PT | 1.025 | -748,09 | (42,19)% |
| KAQI IJ Equity | Jantra Grupo Indonesia Tbk PT | 69 | -49 | (41,53)% |
| NETV IJ Equity | MDTV Media Technologies Tbk PT | 106 | -72 | (40,45)% |
| IFSH IJ Equity | Ifishdeco Tbk PT | 775 | -492,40 | (38,85)% |
| BMHS IJ Equity | Bundamedik Tbk PT | 155 | -98,31 | (38,81)% |
| ACES IJ Equity | Aspirasi Hidup Indonesia Tbk P | 442 | -272,69 | (38,15)% |
| MARI IJ Equity | Mahaka Radio Integra Tbk PT | 31 | -19 | (38,00)% |
Source: Bloomberg
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Summary
The Indonesia Composite Index (IHSG) reached a new all-time high of 8,318.52, driven by strong performances from key stocks such as BRMS, COIN, and GOTO. This milestone reflects Indonesia’s robust economic growth of 5.04% in the third quarter of 2025, with overall market capitalization swelling to Rp15,157 trillion, indicating significant investor confidence.
Despite the IHSG’s record achievement, data as of November 5th reveals a contrasting trend with 211 issuers experiencing negative year-to-date stock price performance. Cipta Selera Murni (CSMI) was the most significant underperformer, declining by 92.21%, followed by other companies like Danasupra Erapacific (88.25%) and Jakarta Setiabudi Internasional (83.84%), including major players such as Bank Panin and Bundamedik.