JAKARTA – On Monday, September 1, 2025, the IDXHealth sector emerged as the top performer during the first trading session, registering an impressive 2.24% gain, significantly outperforming the other eleven sectors on the exchange.
Despite only nine of the 37 listed healthcare issuers recording a share price increase, the robust performance of the index was primarily fueled by PT Sejahteraraya Anugrahjaya Tbk. (SRAJ), commonly known as Mayapada Hospital. SRAJ’s shares surged by a remarkable 15.61%, closing the session at Rp8,700.
As the largest issuer in the healthcare sector by market capitalization, valued at Rp106.47 trillion, SRAJ’s substantial share price appreciation was instrumental in bolstering IDXHealth‘s upward trajectory during Monday’s initial trading session. This highlights the significant influence of market giants on sector performance.
Further supporting the sector’s ascent, PT Mitra Keluarga Karyasehat Tbk. (MIKA) also posted a gain of 1.36% today. MIKA, with its considerable market capitalization of Rp31.01 trillion, played an important role in driving IDXHealth‘s positive movement. Conversely, not all major players fared well; PT Kalbe Farma Tbk. (KLBF), a prominent issuer, saw its shares decline by 2.88% to Rp1,180. This downturn was echoed by PT Siloam International Hospitals Tbk. (SILO) and PT Industri Jamu dan Farmasi Sido Muncul Tbk. (SIDO), which experienced corrections of 1.80% and 0.96% respectively.
Providing expert commentary, Nafan Aji Gusta, Senior Market Chartist at Mirae Asset Sekuritas, elucidated that the recent performance of healthcare issuers has actually been buoyed by positive sentiment amid prevailing demonstrations. He noted that the political and security dynamics have steered attention towards the healthcare sector, connecting its resilience to the broader theme of “recovery.”
Nafan further elaborated that the IDXHealthcare sector’s ability to remain unaffected by recent societal unrest stems from its inherent “defensive” characteristics, which typically provide stability during periods of uncertainty. This intrinsic quality makes it a reliable haven for investors when market volatility rises.
Echoing this sentiment, Ekky Topan, an analyst from Infovesta Utama, previously highlighted the health sector‘s enduring resilience across various challenging conditions. These include hurdles such as costly imported raw materials, the imperative for operational efficiency, and the persistent pressure of logistics expenses.
“Given its defensive character, the health sector continues to present quite attractive prospects moving forward,” Ekky affirmed some time ago, underscoring its potential for sustained growth and stability even in challenging economic landscapes.
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Summary
On September 1, 2025, the IDXHealth sector notably outperformed, achieving a 2.24% gain and leading all other sectors. This strong performance was primarily fueled by PT Sejahteraraya Anugrahjaya Tbk. (SRAJ), which surged an impressive 15.61%, and was further supported by PT Mitra Keluarga Karyasehat Tbk. (MIKA) with a 1.36% increase. Despite these gains, other significant issuers like PT Kalbe Farma Tbk. saw their shares decline.
Market experts explain that the healthcare sector’s resilience stems from its inherent “defensive” characteristics, offering stability during times of market volatility and societal unrest. Analysts, including Nafan Aji Gusta and Ekky Topan, highlight its ability to remain unaffected by broader challenges, making it an attractive and reliable haven for investors. They underscore its potential for sustained growth despite hurdles like costly raw materials and logistical pressures.