Flooring Guide by Cinvex – , JAKARTA – On Monday, September 29, 2025, the Business-27 Index concluded its trading session in the red, even as the broader Jakarta Composite Index (IHSG) closed stronger. Among the constituents of this index, shares of KLBF, ICBP, and SCMA recorded the most significant price declines, impacting the index’s overall performance.
According to data from the Indonesia Stock Exchange (BEI), the Business-27 Index, a collaborative effort with the daily Bisnis Indonesia, experienced a 0.20% decrease, settling at 525.47. Throughout the day’s trading, the index fluctuated within a range of 524.56 to 529.50, reflecting underlying market sentiment.
Out of the 27 constituent stocks in the index, 10 managed to close in the green, demonstrating pockets of strength. However, two shares remained stagnant, while the remaining 15 ended the day in negative territory, signaling a challenging session for a majority of its components.
Further Market Insights: The IHSG on September 29 was buoyed by strong performances from stocks like MBMA, BUMI, and INET, ultimately climbing to the 8,123.24 level, indicating a more positive trend for the broader market.
PT Kalbe Farma Tbk. (KLBF) emerged as the biggest laggard within the Business-27 Index. Its shares weakened significantly by 3.86% to close at Rp1,120 per share, contributing heavily to the index’s overall decline.
Following closely was PT Indofood CBP Sukses Makmur Tbk. (ICBP), a key holding of Anthoni Salim. Its shares experienced a 3.5% retreat, settling at Rp9,650 per share by the afternoon trading close, reflecting broader pressures on consumer goods stocks.
Currency Market Update: On Monday, September 29, the Rupiah exchange rate strengthened against the US Dollar, closing at Rp16,680 per US Dollar, suggesting positive movement in the foreign exchange market.
Indofood CBP Sukses Makmur Tbk. – TradingView
Other significant declines within the Business-27 Index included SCMA, which fell 3.37% to Rp344. Additionally, BRIS weakened by 2.25% to Rp2,610, and ASII saw a 1.70% decrease, closing at Rp5,775 per share. These widespread losses underscore the index’s challenging performance during the session.
Conversely, some constituents within the Business-27 Index defied the downward trend, recording notable gains. ISAT shares strengthened significantly by 4.09% to Rp1,780. Moreover, ANTM surged 2.8% to Rp3,300 per share, and UNTR climbed 2.18% to reach Rp26,925 per share, showcasing resilience in specific sectors.
Global Market News: Gold prices hit a record high amidst escalating risks of a US government shutdown, reflecting a flight to safety in international markets.
Meanwhile, the broader Jakarta Composite Index (IHSG) closed Monday, September 29, 2025, on a positive note, reaching a level of 8,123.24. This upward movement contrasted with the performance of the more focused Business-27 Index.
The IHSG strengthened by 0.30% in the afternoon session, demonstrating resilience throughout the day. Its trading range for the day was observed between 8,100 and 8,157, indicating moderate volatility despite the positive close.
A detailed look at the IHSG’s overall performance revealed that 392 stocks recorded gains, 289 experienced declines, and 117 remained unchanged. The overall market capitalization of the IHSG was recorded at a substantial Rp15,024 trillion, underscoring the vast scale of Indonesia’s equity market.
Summary
On Monday, September 29, 2025, the Business-27 Index concluded its trading session with a 0.20% decrease, settling at 525.47. This decline was primarily attributed to significant price drops in key constituent stocks such as PT Kalbe Farma Tbk. (KLBF), which fell 3.86%, PT Indofood CBP Sukses Makmur Tbk. (ICBP) retreating 3.5%, and SCMA declining 3.37%. A majority of the index’s 27 component shares, 15 in total, ended the day in negative territory.
Conversely, the broader Jakarta Composite Index (IHSG) closed stronger on the same day, climbing 0.30% to 8,123.24. The IHSG’s positive performance was supported by gains in 392 stocks, despite 289 experiencing declines, demonstrating a more resilient overall market trend. This indicates a divergence in performance between the focused Business-27 Index and the wider Indonesian equity market.