JAKARTA – The Jakarta Composite Index (IHSG) surged to yet another all-time high (ATH) during the first trading session on Friday, October 24, 2025, marking a significant milestone for the Indonesian stock market.
According to Bloomberg data, this key market indicator closed the first trading session up 0.46%, reaching a robust 8,312.57. Throughout the session, the composite index demonstrated strong momentum, trading within a range of 8,294.89 to 8,351.05.
The market witnessed a dynamic trading environment, with 336 stocks advancing, 315 declining, and 157 remaining unchanged. This positive sentiment propelled the Indonesia Stock Exchange (IDX) market capitalization to an impressive Rp15,322.47 trillion.
Trading activity remained robust, with a substantial volume of 15.388 billion shares exchanged, generating a significant turnover value of Rp11.514 trillion. The sheer scale of transactions was further underscored by a total of 1,454,724 stock transactions recorded on the exchange floor.
Offering insights into the market’s trajectory, Reza Diofanda, a Technical Analyst at BRI Danareksa Sekuritas, believes the IHSG still holds strong potential for further gains today. Following yesterday’s upward close, the index is anticipated to challenge the 8,292 level.
“Currently, the IHSG exhibits continued upward potential, with a resistance range identified at 8,292 and a support level at 8,238,” Diofanda stated in his research note dated Friday, October 24, 2025. He added, “From a sentiment perspective, market participants are keenly observing the ongoing Q3 financial report season and the forthcoming United States inflation data, both of which are expected to significantly influence future market movements.”
Turning to specific stock recommendations, Diofanda highlighted PT Bank Negara Indonesia (Persero) Tbk. (BBNI) as a prime pick, advising a buy range between Rp4,110 and Rp4,200. His analysis suggests that BBNI has notably formed a bullish reversal pattern, specifically an inverted head and shoulders, signaling potential upward momentum.
From a technical standpoint, Reza predicts that if BBNI successfully holds above the Rp4,100 level, its next potential price targets could reach between Rp4,420 and Rp4,590 per share. Conversely, a crucial stop-loss level for BBNI is projected to be below Rp4,000, mitigating potential downside risks.
Disclaimer: This article is not 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 resulting from readers’ investment choices.
Summary
The Jakarta Composite Index (IHSG) reached an all-time high on Friday, October 24, 2025, closing up 0.46% at 8,312.57. This significant surge drove the Indonesia Stock Exchange (IDX) market capitalization to Rp15,322.47 trillion. The market saw robust trading, with 336 stocks advancing and a total turnover of Rp11.514 trillion.
Technical Analyst Reza Diofanda of BRI Danareksa Sekuritas indicated the IHSG has continued upward potential, with resistance at 8,292. Market participants are closely watching the Q3 financial report season and forthcoming United States inflation data for future market direction. Additionally, Diofanda recommended PT Bank Negara Indonesia (BBNI) as a buy, citing a bullish reversal pattern and specific price targets.