Flooring Guide by Cinvex – , JAKARTA — The Indonesian Composite Stock Price Index (IHSG) closed significantly higher, reaching 7,710.53 on Thursday, March 5, 2026. This robust performance was largely driven by a strong rally in prominent big-cap stocks, including AMMN, BBCA, BBNI, and BMRI, signaling a positive sentiment across the market.
According to data from the Indonesia Stock Exchange (BEI), the IHSG surged by 1.76%, or 133.47 points, to settle at 7,710.53. The composite index commenced the day’s trading at 7,695.34 and briefly touched an intraday peak of 7,765.61, indicating strong upward momentum throughout the session.
Market breadth painted a clear picture of optimism, with 597 stocks advancing, 125 declining, and 96 remaining stagnant. Reflecting this bullish sentiment, the total market capitalization expanded to an impressive Rp13,754 trillion, underscoring significant investor confidence in the Indonesian stock market.
Delving into the performance of individual big-cap stocks, PT Amman Mineral Internasional Indonesia Tbk. (AMMN) emerged as a top performer, registering a substantial gain of 3.28% to close at Rp6,300. Following closely, PT Bank Central Asia Tbk. (BBCA) also demonstrated remarkable strength, recording a 3.27% increase to reach Rp7,100 per share, contributing significantly to the overall index’s uplift.
Further bolstering the IHSG’s rally, shares of PT Bank Negara Indonesia (Persero) Tbk. (BBNI) climbed 3.13%, settling at Rp4,280. Similarly, PT Bank Mandiri (Persero) Tbk. (BMRI) saw its stock price rise by 2.91% to Rp5,125 per share, with all these major banking institutions playing a pivotal role in the day’s positive outcome.
In contrast to the broader market gains, some prominent stocks experienced a downturn. Shares of PT Bayan Resources Tbk. (BYAN), owned by tycoon Low Tuck Kwong, dropped 2.37% to Rp13,375. Additionally, PT Barito Renewables Energy Tbk. (BREN) saw a correction, falling 1.68% to Rp7,300 per share.
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Amidst the varied performances, today’s top gainers showcased extraordinary surges. PT Pikko Land Development Tbk. (RODA) led the pack with a remarkable 34.55% jump to Rp74, while PT Trimitra Propertindo Tbk. (SOTS) also recorded an identical 34.55% growth, closing at Rp78 per share, highlighting intense speculative interest in these counters.
Conversely, the top losers experienced significant declines. PT Pelayaran Nasional Ekalya Purnamasari Tbk. (ELPI) saw its shares plummet 14.60% to Rp1,170, and PT Indospring Tbk. (INDS) weakened by 14.52% to Rp795 per share, indicating a sharp sell-off in these specific stocks.
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Providing expert insight into the market’s behavior, Valdy Kurniawan, Head of Research at Phintraco Sekuritas, highlighted that the IHSG had already shown strength by closing up 1.67% to 7,703.79 during the first trading session. This initial momentum set the stage for the day’s final robust close.
From a technical analysis perspective, Kurniawan further elaborated that momentum indicators pointed towards an encouraging improvement. This was evident from a narrowing negative slope on the MACD indicator, coupled with the Stochastic RSI beginning to rebound robustly from its oversold territory, suggesting a potential shift in market dynamics.
“This synergistic combination of technical signals indicates a strong potential for continued short-term strengthening in the IHSG,” Valdy stated. He cautioned, however, that “the extent of further gains will remain highly dependent on both prevailing global and domestic sentiments, which could introduce volatility.”
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