Jakarta, IDN Times – The Jakarta Composite Index (IHSG) soared to an unprecedented height today, Monday, November 24, 2025, breaching the 8,500 level for the first time ever. According to data from IDX Mobile, the IHSG concluded the trading day with a robust gain of 115.9 points, or 1.85 percent, closing at a remarkable 8,570.25. This historic achievement marks its latest all-time high (ATH).
Prior to this significant milestone, the Indonesia Stock Exchange (BEI) had already confirmed that the IHSG had registered 13 ATHs throughout 2025. “Despite experiencing a fairly deep correction in the first semester of 2025, the IHSG managed to rebound strongly, charting 13 all-time highs in 2025,” stated I Gede Nyoman Yetna, Director of Company Listing and Assessment at BEI, on November 6, 2025. This underscores the market’s resilience and dynamic performance over the year.
The journey towards today’s record-breaking performance saw the IHSG consistently hovering around the 8,000-mark since August 2025. This crucial threshold was first breached on Friday, August 15, at 10:26 AM Western Indonesia Time, just ahead of Indonesia’s 80th Independence Day celebrations. While the index briefly retreated to the 7,000-level, it demonstrated strong recovery, successfully reclaiming the 8,000-mark by mid-September 2025, signaling a robust upward trend throughout the latter half of the year.
While the IHSG has certainly demonstrated remarkable strength with 14 all-time highs this year, its journey has not been without significant challenges. The index experienced sharp declines on multiple occasions, notably on March 18, 2025, when it plummeted by 6.12 percent, shedding 395.87 points to close at 6,076.08. This was followed by an even more drastic collapse on April 8, 2025, seeing the index plunge by 596.33 points, or 9.16 percent, to 5,914.28. This severe downturn necessitated a temporary trading halt to stabilize the market.
In response to these volatile conditions, the BEI swiftly revised its trading halt regulations. The threshold for triggering a halt was adjusted from an initial decline of more than 5 percent to 8 percent, with a duration of 30 minutes. According to an official announcement from the BEI, these new provisions were enacted to ensure orderly, fair, and efficient securities trading, particularly during emergency market situations. Further safeguards include a second trading halt if the IHSG drops by more than 15 percent, and a third halt after a decline exceeding 20 percent on the same day. The latter can lead to a trading suspension until the end of the session, or even beyond, with the approval or directive of the Financial Services Authority (OJK).
Today’s impressive rally in the IHSG was primarily driven by the ongoing MSCI index rebalancing, according to Valdy Kurniawan, Head of Research at Phintraco Sekuritas. Notably, shares of PT Barito Renewables Energy Tbk (BREN) and PT Bumi Resources Minerals Tbk (BRMS) experienced significant surges after successfully being included in the prestigious MSCI Global Standard Index. This institutional interest provided a strong boost to market sentiment.
Adding to the positive momentum, the Indonesian Rupiah also showed considerable strength against the US Dollar. This was part of a broader trend of Asian currency appreciation, fueled by growing market expectations of potential interest rate cuts by the Federal Reserve. From a technical standpoint, Valdy highlighted, “The IHSG closed strongly above its MA5 level, successfully breaking out of its consolidation area and reaching a new peak.” He further projects sustained upward movement for the index, anticipating it could potentially advance towards a new record of 8,600. “Both the MACD and Stochastic RSI indicators signal a strong likelihood of continued strengthening. Technically, the IHSG is poised to extend its rally towards the psychological threshold of 8,600,” Valdy concluded, underscoring the optimistic outlook for the benchmark index.
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Summary
The Jakarta Composite Index (IHSG) reached an unprecedented all-time high of 8,570.25 on November 24, 2025, marking its 14th record high this year with a robust 1.85% gain. This significant milestone follows a strong rebound in the second half of 2025, despite experiencing a deep correction in the first semester. The index consistently hovered around the 8,000-mark since August, demonstrating remarkable market resilience.
Earlier in 2025, the IHSG faced sharp declines, including a 9.16% plunge on April 8, which triggered temporary trading halts. In response, the Indonesia Stock Exchange revised its trading halt regulations to ensure market stability during volatile periods. The latest rally was primarily driven by the MSCI index rebalancing and a strengthening Rupiah, fueled by expectations of potential Federal Reserve interest rate cuts.