Flooring Guide by Cinvex – , JAKARTA — The Jakarta Composite Index (IHSG) staged a significant rebound, closing Friday’s trading session (October 10, 2025) strongly at 8,257.85. This upward momentum was primarily fueled by robust performances from key stocks including TPIA, BRPT, TLKM, and DSSA.
According to data from the Indonesia Stock Exchange (BEI), the benchmark composite index edged up by a modest 0.08%, or 6.92 points, to achieve a new all-time high of 8,257.85. Throughout the day, the IHSG fluctuated, hitting an intraday low of 8,194.04 before reaching a peak of 8,270.33.
Market breadth indicated a largely balanced sentiment, with 338 stocks advancing, 331 declining, and 133 remaining unchanged. Concurrently, the total market capitalization reached an impressive Rp15,588 trillion, reflecting significant market value.
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The surge in large-cap stocks was notably spearheaded by companies under Prajogo Pangestu’s conglomerate. PT Chandra Asri Pacific Tbk. (TPIA) led the charge with a 4.85% increase, closing at Rp8,100, while PT Barito Pacific Tbk. (BRPT) saw its shares climb by 3.88% to Rp4,280. Similarly, state-owned telecommunications giant PT Telkom Indonesia (Persero) Tbk. (TLKM) contributed to the rally, advancing 1% to Rp3,040 per share.
Further contributing to the market’s upward trajectory were PT Dian Swastatika Sentosa Tbk. (DSSA), which posted a 0.93% gain to Rp106,100 per share, and coal mining giant PT Bayan Resources Tbk. (BYAN), rising 0.55% to Rp18,300.
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However, not all large-cap stocks enjoyed the positive sentiment. Among the prominent decliners were major banking institutions: PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) experienced a 3.37% weakening, settling at Rp3,730, and PT Bank Mandiri (Persero) Tbk. (BMRI) shares fell by 3.19% to Rp4,250 per share.
Looking beyond the large-cap segment, the day’s top overall gainers included PT Wahana Interfood Nusantara Tbk. (COCO), which soared by an impressive 24.83% to Rp362. Closely following was PT Esta Indonesia Tbk. (KJEN), recording a robust growth of 24.82% to Rp352.
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Conversely, the list of the day’s biggest laggards featured PT Cakra Buana Resources Energi Tbk. (CBRE), which saw a significant correction of 14.83% to Rp1,465. Meanwhile, PT Damai Sejahtera Abadi Tbk. (UFOE) experienced a sharp decline of 14.69%, dropping to Rp302.
Providing insights into the market’s dynamics, Valdy Kurniawan, Head of Research at Phintraco Sekuritas, noted that the composite index had initially closed the first trading session weaker by 0.26%, settling at 8,229.73. This decline, he explained, was in tandem with a broader weakening in financial indices and the depreciation of the Indonesian Rupiah against the United States Dollar.
From a technical perspective, Valdy elaborated, the Stochastic RSI indicator suggested that the index had entered an overbought region. This technical signal typically points to the potential for a market correction in the near term.
“Given these indicators, we anticipate the IHSG to trade within a range of 8,200–8,250 during the second session today,” he stated in his daily research publication, offering a clear outlook for the market’s immediate performance.
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Summary
The Jakarta Composite Index (IHSG) closed strongly on October 10, 2025, reaching a new all-time high of 8,257.85 with a modest 0.08% gain. This upward momentum was largely fueled by robust performances from key large-cap stocks, notably PT Chandra Asri Pacific Tbk. (TPIA) and PT Barito Pacific Tbk. (BRPT), alongside PT Telkom Indonesia (Persero) Tbk. (TLKM) and PT Dian Swastatika Sentosa Tbk. (DSSA). The market showed balanced sentiment with 338 advancing stocks and a total market capitalization of Rp15,588 trillion.
Despite the overall gains, major banking stocks like PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) and PT Bank Mandiri (Persero) Tbk. (BMRI) experienced declines. Phintraco Sekuritas noted that the IHSG had opened weaker earlier, and technical indicators suggested the index was in an overbought region, hinting at a potential near-term market correction. The index was expected to trade within the 8,200–8,250 range for the remainder of the day.