Jakarta – Indonesian banking giants, including PT Bank Negara Indonesia (Persero) Tbk. (BBNI), PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI), and PT Bank Central Asia Tbk. (BBCA), collectively closed stronger on Thursday, rebounding impressively after initially dampening the Composite Stock Price Index (IHSG) during the first trading session. In stark contrast, mining sector stocks experienced a noticeable decline.
According to data from the Indonesia Stock Exchange (IDX), the IHSG had earlier recorded a 0.42% gain, reaching 8,199.96 during the first trading session of the day, even as banking stocks were broadly trending downwards.
However, a remarkable turnaround saw banking shares stage a robust rebound, transforming from a drag into a significant catalyst for the IHSG’s rally. By the close of trading, the composite index ultimately surged by 1.04%, adding 84.90 points to settle at 8,250.93.
Among the top market capitalization stocks, shares of state-owned bank PT Bank Negara Indonesia (Persero) Tbk. (BBNI) led the charge, recording an impressive 4.06% increase to close at Rp4,100 per share.
Similarly, PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) shares concluded the day 3.76% higher at Rp3,860 per share. This strong finish came despite the state-owned issuer’s stock experiencing a 1.61% correction in the first trading session, dipping to Rp3,660 per share before its recovery.
Another state-owned bank, PT Bank Mandiri (Persero) Tbk. (BMRI), also posted significant gains, rising 3.29% to reach Rp4,390 per share. Meanwhile, the privately-owned PT Bank Central Asia Tbk. (BBCA) saw its shares climb 2.37%, closing at Rp7,550 per share.
Conversely, the mining sector experienced widespread weakness. Shares of PT Alamtri Minerals Indonesia Tbk. (ADMR) declined by 5.80% to Rp1,300, while PT Harum Energy Tbk. (HRUM) recorded a 4.60% drop, settling at Rp1,245.
Gold mining stocks also faced significant pressure, with PT J Resources Asia Pasifik Tbk. (PSAB) leading the downturn with a 4.84% decrease to Rp590 per share. PT Archi Indonesia (ARCI) also weakened, falling 3.95% to Rp1,095.
Looking ahead, Valdy Kurniawan, Head of Research at Phintraco Sekuritas, indicated that the IHSG has the potential to extend its gains in the next trading session, Friday, October 10, 2025. However, he cautioned that investors should remain vigilant against potential profit-taking activities towards the end of the week.
From a technical perspective, Valdy elaborated that the Moving Average Convergence Divergence (MACD) indicator had formed a “Golden Cross,” while the Stochastic RSI began an upward trend in the pivot area. Furthermore, the IHSG successfully maintained its position above the 8,200 level, supported by healthy buying volume.
“The IHSG is projected to continue its ascent, potentially testing resistance levels between 8,272 and 8,300. Nevertheless, investors should be mindful of a possible short-term pullback, particularly driven by profit-taking as the weekend approaches,” Valdy stated in his daily research publication.
Phintraco Sekuritas has identified several key stock picks for investors to observe in the upcoming trading session, including BRIS, TOWR, BWPT, AALI, and BBTN.
Disclaimer: This news article is not intended as an invitation to buy or sell stocks. All investment decisions rest solely with the reader. Bisnis.com bears no responsibility for any losses or gains arising from the reader’s investment choices.
Summary
On Thursday, the Composite Stock Price Index (IHSG) closed strongly, surging by 1.04% to 8,250.93 after an impressive rebound. Indonesian banking giants, including PT Bank Negara Indonesia (BBNI), PT Bank Rakyat Indonesia (BBRI), PT Bank Mandiri (BMRI), and PT Bank Central Asia (BBCA), significantly recovered from earlier declines, becoming key drivers for this rally. Conversely, mining sector stocks like PT Alamtri Minerals Indonesia (ADMR) and PT Harum Energy (HRUM), along with gold mining shares, experienced noticeable declines.
Valdy Kurniawan, Head of Research at Phintraco Sekuritas, predicts potential extended gains for the IHSG in the upcoming session, supported by a “Golden Cross” on the MACD indicator and an upward trending Stochastic RSI. However, investors are cautioned to remain vigilant against possible profit-taking activities towards the week’s end. The IHSG successfully maintained its position above the 8,200 level and may test resistance between 8,272 and 8,300.