The Jakarta Composite Index (IHSG) on the Indonesia Stock Exchange (IDX) closed significantly stronger on Monday, November 3, 2025, fueled by growing optimism for a robust domestic economic recovery as the year draws to a close. The benchmark index surged by 111.20 points, marking a 1.36 percent increase to settle at 8,275.08. Concurrently, the LQ45 index, comprising 45 blue-chip stocks, also saw substantial gains, climbing 12.44 points or 1.50 percent to reach 843.98.
This upward momentum in the Indonesian capital market was primarily driven by the palpable optimism surrounding an improving domestic economic outlook. According to Phintraco Sekuritas’ research team in Jakarta, this sentiment, coupled with expectations for enhanced year-end market performance, was a key catalyst behind the IHSG’s robust strengthening.
Further reinforcing this positive sentiment, domestic economic indicators painted a favorable picture. Indonesia’s inflation rate for October 2025 registered at 0.28 percent month-to-month (mtm) and 2.86 percent year-on-year (yoy). These figures represent an uptick from September 2025, which saw inflation at 0.21 percent (mtm) and 2.65 percent (yoy), suggesting a managed inflationary environment amidst growth.
Adding to the encouraging data, Indonesia’s Manufacturing Purchasing Managers’ Index (PMI) also showed significant improvement. It rose to 51.2 in October 2025, up from 50.4 in September 2025, marking the third consecutive month of expansion. This consistent growth in manufacturing activity underscores strengthening industrial output and business confidence.
However, the economic landscape presented a nuanced view with the latest trade figures. Indonesia’s trade balance recorded a surplus of USD 4.34 billion in September 2025. While still a healthy surplus, this figure did show a decrease compared to the USD 5.49 billion surplus reported in August 2025.
Throughout the trading day, the IHSG demonstrated consistent strength. The index opened with gains and successfully maintained its positive trajectory through the close of the first session. This upward momentum continued into the second session, keeping the IHSG firmly in the green until the final bell, reflecting sustained investor confidence.
A detailed look at the IDX-IC Sectoral Index revealed broad-based gains, with eight out of eleven sectors closing higher. The non-primary consumer goods sector led the rally, soaring by 2.24 percent. Close behind were the transportation and logistics sectors, which advanced by 2.05 percent, and the infrastructure sector, which posted a commendable 1.61 percent increase.
Conversely, three sectors experienced declines during the day’s trading. The property sector suffered the deepest losses, falling by 2.65 percent. This was followed by the primary consumer goods sector, which decreased by 0.67 percent, and the technology sector, which saw a modest dip of 0.17 percent.
Among individual stocks, the biggest gainers included DWGL, TBIG, LINK, TEBE, and KDTN, which significantly contributed to the market’s positive close. On the other hand, stocks experiencing notable declines were UANG, KOBX, KETR, ITMA, and HOPE.
Overall market activity was robust, with a total of 2,103,179 stock transactions recorded. This high frequency translated into a substantial trading volume of 23.41 billion shares, collectively valued at an impressive IDR 15.89 trillion. A total of 353 stocks advanced, 291 declined, and 169 remained stagnant, indicating a generally bullish sentiment.
Looking at the broader regional picture, Asian stock markets displayed mixed movements by Monday afternoon. Japan’s Nikkei index showed strong performance, gaining 1,085.73 points or 2.12 percent to close at 52,411.34. Hong Kong’s Hang Seng Index also rose by 21.73 points or 0.55 percent to 3,976.52. In contrast, China’s Shanghai Index saw a decline of 32.11 points or 0.81 percent, settling at 3,954.79. Meanwhile, Singapore’s Strait Times Index registered a modest gain of 15.71 points or 0.35 percent, closing at 4,444.33.
Summary
The Jakarta Composite Index (IHSG) surged by 1.36% to 8,275.08 on Monday, November 3, 2025, driven by strong optimism for a robust domestic economic recovery as the year concludes. The LQ45 index also recorded significant gains, reflecting broad positive sentiment in the Indonesian capital market. This upward momentum was primarily fueled by expectations for enhanced year-end market performance and an improving economic outlook.
Supporting this optimism, Indonesia’s October 2025 inflation rate saw a slight increase, and the Manufacturing PMI expanded for the third consecutive month. While the trade balance surplus in September 2025 was lower than the previous month, overall market activity was robust. Eight out of eleven sectors closed higher, led by non-primary consumer goods, though the property sector recorded the deepest losses.