Flooring Guide by Cinvex – , JAKARTA – The Jakarta Composite Index (IHSG) on the Indonesia Stock Exchange (IDX) closed significantly stronger on Friday afternoon, September 12, 2025. This robust performance was primarily driven by positive market sentiment following the strategic transfer of Rp 200 trillion from Bank Indonesia (BI) to member banks of Himbara, the association of state-owned banks. The IHSG recorded an impressive gain of 106.16 points, or 1.37 percent, to settle at 7,854.06. Concurrently, the LQ45 index, tracking 45 blue-chip stocks, also saw a solid advance of 9.90 points, or 1.25 percent, reaching 804.74.
Investors responded enthusiastically to the government’s initiation of disbursing state funds, previously held at Bank Indonesia, into these five prominent state-owned financial institutions. As noted by the Phintraco Sekuritas Research Team in a written statement received in Jakarta on Friday, September 12, 2025, this substantial fund injection served as a key catalyst, bolstering market confidence and driving the day’s rally.
From the domestic front, Minister of Finance Purbaya Yudhi Sadewa officially disbursed the Rp 200 trillion from the State Budget Surplus (SAL) account at Bank Indonesia to the five Himbara banks on Friday afternoon. The allocation was carefully distributed: PT Bank Rakyat Indonesia (Persero) Tbk (BRI), PT Bank Negara Indonesia (Persero) Tbk (BNI), and PT Bank Mandiri (Persero) Tbk each received Rp 55 trillion. Additionally, PT Bank Tabungan Negara (Persero) Tbk (BTN) was allocated Rp 25 trillion, while PT Bank Syariah Indonesia Tbk (BSI) received Rp 10 trillion.
Looking ahead to the coming week, market participants will be keenly observing the Bank Indonesia (BI) Board of Governors’ Meeting (RDG) scheduled for September 16-17, 2025. The prevailing consensus among analysts suggests that BI is widely expected to maintain its benchmark BI Rate at the current level of 5 percent, indicating a stable domestic monetary policy stance.
Internationally, global investors are setting their sights on the Federal Open Market Committee (FOMC) meeting of the US Federal Reserve, also slated for September 16-17, 2025. According to market consensus, the Federal Reserve is anticipated to implement a 25 basis point reduction in interest rates, adjusting the target range to 4.0-4.25 percent from its current 4.25-4.50 percent, a move that could have significant implications for global financial markets.
Throughout Friday’s trading, the IHSG exhibited consistent strength. After opening in positive territory, the index comfortably remained in the green zone until the conclusion of the first trading session. This upward momentum continued unabated into the second session, with the IHSG firmly holding its gains until the market closed for the day.
A broad-based rally characterized the day’s trading, with all eleven sectors within the IDX-IC Sectoral Index recording advances. The raw materials sector led this impressive performance, surging by 2.52 percent. It was closely followed by the energy sector, which climbed 1.63 percent, and the technology sector, posting a gain of 1.37 percent.
Among the individual stocks, those experiencing the most significant gains included BSBK, PGLI, MPXL, FITT, and KBLV. Conversely, stocks that registered the largest declines were MCAS, LUCK, RGAS, SHIP, and MITI.
Trading activity was robust, with a total of 1,854,922 transactions recorded. This involved the exchange of 32.88 billion shares, accumulating a substantial trading value of Rp 17.86 trillion. Market breadth reflected the strong positive sentiment, as 405 stocks advanced, 251 declined, and 149 remained unchanged.
Across regional Asian stock markets this afternoon, trends were mixed. Japan’s Nikkei index posted a gain of 410.50 points, or 0.93 percent, closing at 44,783.00, while Hong Kong’s Hang Seng index rose 301.84 points, or 1.16 percent, to 26,388.26. In contrast, China’s Shanghai index experienced a slight dip of 4.71 points, or 0.12 percent, to 3,870.12, and Singapore’s Strait Times index declined by 11.58 points, or 0.27 percent, settling at 4,344.24.
Summary
The Jakarta Composite Index (IHSG) closed significantly stronger on Friday, September 12, 2025, surging 1.37% to 7,854.06 points. This robust performance was primarily driven by the strategic transfer of Rp 200 trillion from Bank Indonesia (BI) to member banks of Himbara, the association of state-owned banks. The Minister of Finance disbursed these funds from the State Budget Surplus (SAL) account to five banks, including Rp 55 trillion each to BRI, BNI, and Mandiri, which enthusiastically boosted investor confidence.
All eleven sectors within the IDX-IC Sectoral Index recorded advances, with the raw materials sector leading the gains by 2.52%. Trading activity was robust, with 405 stocks advancing against 251 declining, and a substantial total trading value of Rp 17.86 trillion. Market participants are now keenly observing the upcoming Bank Indonesia Board of Governors’ Meeting and the US Federal Open Market Committee meeting, both scheduled for next week.